NZSE:MCYElectric Utilities
Assessing Mercury NZ (NZSE:MCY) Valuation After Turbine Upgrade Contract With ANDRITZ
Why Mercury NZ’s turbine upgrade matters for shareholders
Mercury NZ (NZSE:MCY) has appointed technology group ANDRITZ to supply nine turbines and 13 generators to upgrade its Maraetai I, Atiamuri, and Ohakuri hydro stations, marking a sizeable commitment to its renewable generation fleet.
See our latest analysis for Mercury NZ.
At a share price of NZ$6.72, Mercury NZ has posted a 5.5% 30 day share price return and a 21.9% one year total shareholder return, suggesting recent momentum as it...