Jarden sees Mercury, Genesis upside

Mercury has poached Richard Hopkins from Zespri to be its new CFO. (Image: Supplied)

Tue, 21 Jan 2025

The Electricity Authority’s new energy margin data is beginning to look like a reasonable predictor of profitability for electricity generator-retailers, with Mercury and Genesis showing signs of upside earnings surprises, says Jarden.In a client research note, Jarden analysts Grant Swanepoel and Nevill Gluyas suggest that Mercury and Genesis are likely on track to announce upgraded earnings guidance based on the latest margins data, published on Dec 29.“Mercury appears in line to upgrade its standing $820 million 2025 financial yea...

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