Higher electricity prices and demand prompts bullish outlook for energy stocks

There's liquid gold in hydro lakes. (Image: NZME)

Wed, 01 May 2024

Forsyth Barr has taken a more bullish view on electricity stocks due to growing demand and with wholesale electricity prices likely to be higher than previously thought.An investment analysis said Forbarr was more positive on the long-term outlook for the electricity sector and upgraded the major players.Factors behind the assumption change include stronger near-term electricity demand growth requiring more high-cost baseload thermal generation for longer. (Source: Forsyth Barr)The analysis is partly based on signs that recent demand growt...

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