Genesis Energy's new strategy: making Huntly great again

Genesis Energy's new strategy: making Huntly great again
Old, but not out of puff quite yet - Huntly power station. (Image: BusinessDesk)
Pattrick Smellie
The way Genesis Energy tells it, the company suffers from two perennial problems that cause its share price to underperform its peers.One is that it doesn’t have a clear growth story.The other, more deeply entrenched problem, is what its new chief executive Malcolm Johns calls an “ESG discount”, where the market punishes the only electricity producer in the country that still uses coal to make power for doing so.So yesterday's day-long strategy presentation to the investment community at its Huntly power station site was a...

More Markets

Salesforce is Gentrack’s new customer scout
Markets

Salesforce is Gentrack’s new customer scout

The dual-listed tech firm says full-year revenue will be at least $230m.

Transpower to keep NZ's only gas trading platform
Markets

Transpower to keep NZ's only gas trading platform

After a year of debate, Transpower reverses on gas trading position.

F&P Healthcare, Fletcher drive NZ stocks lower
Markets Market Close

F&P Healthcare, Fletcher drive NZ stocks lower

Dips for Fisher and Paykel Healthcare and Fletcher Building drive market down.

Jamie Gray 16 May 2025
Two executives depart Bremworth
Primary Sector

Two executives depart Bremworth

The two resignations follow chief executive Greg Smith's departure. 

Riley Kennedy 16 May 2025