NZSE:GNEElectric Utilities
Assessing Genesis Energy’s (NZSE:GNE) Valuation After Huntly BESS Expansion Decision
Genesis Energy (NZSE:GNE) has committed to a second stage of battery storage at Huntly Power Station, approving a 100MW / 200MWh expansion that supports its Gen35 plan and shift away from baseload gas.
See our latest analysis for Genesis Energy.
The Huntly BESS expansion comes as Genesis Energy’s 1 month share price return of 8.8% and 7 day return of 4.4% contrast with a year to date share price decline of 2.1%. At the same time, the 1 year total shareholder return of 17.1% and positive 3...