Energy share prices settle in wake of Tiwai deal

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)
Ian Llewellyn
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...

More Markets

Ebos buys Vital Petfoods assets from receiver
Markets

Ebos buys Vital Petfoods assets from receiver

Distressed assets have been snapped up by the pet food maker.

Denise McNabb 18 Apr 2025
Tourism Holdings and inflation updates drive NZX up
Markets Market close

Tourism Holdings and inflation updates drive NZX up

Tourism Holdings could be one of the most directly impacted shares of the US tariffs.

Tom Raynel 17 Apr 2025
Heartland Bank accountant fined over insider trading
Markets

Heartland Bank accountant fined over insider trading

A former Heartland Bank accountant has been sentenced to six months’ home detention and ordered to pay a fine after pleading guilty on three charges relating to insider trading.Kevin Young, a former treasury accountant with Heartland Bank, purchased Heartland Group Holdings Limit...

Staff reporters 17 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025