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

Lower bond yields lift NZ sharemarket
Markets Market Close

Lower bond yields lift NZ sharemarket

Lower bond yields have helped drive the NZ sharemarket sharply higher at the close.

Jamie Gray 30 May 2025
Turbulent market slashes 2 Cheap Cars' profit
Markets

Turbulent market slashes 2 Cheap Cars' profit

New Zealand’s continued economic downturn, a sharp fall in immigration and consequent softer market demand has driven a 47% drop in profit for 2 Cheap Cars.The company reported total revenue of $81.9 million with 7675 cars sold in the year to March 31, down 6% compared to $86.7m...

Staff reporters 30 May 2025
Pacific Edge launches $20m capital raise
Markets

Pacific Edge launches $20m capital raise

The raise will help the medtech company continue operations for another year.

Staff reporters 30 May 2025
King Salmon slashes earnings guidance
Primary Sector

King Salmon slashes earnings guidance

Reduced harvests are needed to build up fish stocks.

Staff reporters 30 May 2025