Meridian Energy Limited (MDDNF)
Meridian Energy Limited operates in the Independent Power Producers industry of the Utilities sector, headquartered in Wellington, WG, NZ. The stock last traded at $3.28, up 0.00% on the session, giving a market capitalisation of $8.66B. On trailing twelve-month figures it carries a trailing P/E of -125.86, a net margin of -2.3%. Its beta of 0.46 implies it has historically moved less than the broad market.
Meridian Energy Ltd. engages in the generation and distribution of electricity from renewable resources. It operates through the following business segments: New Zealand Retail, New Zealand Wholesale, Australia and Other and unallocated. The New Zealand Retail segment includes activity associated with retailing of electricity and complementary products through the Meridian brands. The New Zealand Wholesale segment covers activity associated with Meridian's New Zealand. The Australia segment includes Generation of electricity from Meridian's two wind farms and three hydro power stations, and acquired under power purchase agreements, for sale into the Australian wholesale. The Other and unallocated segment contains operations that are not considered reportable segments, include licensing of the flux developed electricity and gas retailing platform. The company was founded on December 16, 1998 and is headquartered in Wellington, New Zealand.
Meridian Energy Limited is most often compared with the following Utilities names: