Energy share prices settle in wake of Tiwai deal

The Huntly power station still seems to be a weight on Genesis Energy's share price. (Image: Getty)

Mon, 10 Jun 2024

A week after a long-term electricity deal was announced with the Tiwai Point aluminium smelter, the share prices of the major energy companies have fallen a bit more in line with analysts' expectations.However, Genesis Energy continues to be the whipping boy for investors and the most undervalued according to Forsyth Barr and Craigs.In the wake of the Tiwai deal, the three major generators supplying the smelter all received an immediate boost in their share prices.Meridian Energy, which is the main supplier, was at $6.12 on May 30 before th...

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