Mercury NZ Limited (MGHTF)
Mercury NZ Limited operates in the Renewable Utilities industry of the Utilities sector, headquartered in Auckland, AUK, NZ. The stock last traded at $4.37, up 0.00% on the session, giving a market capitalisation of $6.19B. On trailing twelve-month figures it carries a trailing P/E of 104.64, a net margin of 2.6%. Its beta of 0.34 implies it has historically moved less than the broad market.
Mercury NZ Limited, operating throughout New Zealand with its various subsidiaries, primarily focuses on the generation, wholesale, and retail distribution of electricity, complemented by a selection of related services. The company's operations are structured into distinct segments: Generation/Wholesale, Retail, and Other. Its extensive portfolio of renewable energy assets includes nine hydroelectric power stations along the Waikato River, five wind farms, and five geothermal power plants, all situated in the central North Island. Mercury supplies electricity to a diverse customer base, encompassing households, commercial enterprises, industrial clients, and the spot market, utilizing brands like GLOBUG, Trustpower, and Mercury. Beyond electricity, its offerings also extend to piped natural gas, telecommunication services, and various other products. Established in 1998 and headquartered in Auckland, New Zealand, the company officially rebranded as Mercury NZ Limited in July 2016, having previously operated under the name Mighty River Power Limited.
Mercury NZ Limited is most often compared with the following Utilities names: