Meridian Energy Limited (MEL.NZ)
Meridian Energy Limited operates in the Renewable Utilities industry of the Utilities sector, headquartered in Wellington, WGN, NZ. The stock last traded at $5.53, up 0.55% on the session, giving a market capitalisation of $14.59B. Its beta of 0.46 implies it has historically moved less than the broad market.
Meridian Energy Limited engages in the generation and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom. The company generates electricity through 7 hydro stations; 8 wind farms; and 100MW battery energy storage system, as well as grid-scale solar array. It sells electricity under the Meridian Energy and Powershop brands. It also offers solar installation, software development, professional, and insurance services. The company was formerly known as Hydro Energy Limited. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand. Meridian Energy Limited operates as a subsidiary of New Zealand.
Meridian Energy Limited is most often compared with the following Utilities names: