Mercury NZ Limited (MCY.NZ)
Mercury NZ Limited operates in the Renewable Utilities industry of the Utilities sector, headquartered in Auckland, AU, NZ. The stock last traded at $6.59, up 0.76% on the session, giving a market capitalisation of $9.34B. Its beta of 0.34 implies it has historically moved less than the broad market.
Mercury NZ Limited is a prominent New Zealand energy provider focused on the generation, wholesale, and retail sale of electricity, alongside other related ventures. The company's operations are divided into distinct Generation/Wholesale, Retail, and Other segments. Its robust generation assets include nine hydroelectric power stations located along the Waikato River, five wind farms, and five geothermal facilities in the central North Island. Mercury supplies electricity to a diverse clientele, including residential, commercial, industrial, and spot market customers, marketed under its GLOBUG, Trustpower, and Mercury brands. Beyond electricity, the company also offers piped natural gas, telecommunication services, and various other products. Established in 1998, the entity known today as Mercury NZ Limited adopted its current name in July 2016, having previously operated as Mighty River Power Limited, and maintains its headquarters in Auckland, New Zealand.
Mercury NZ Limited is most often compared with the following Utilities names: