Release the Kraken: what, and who, is driving down Gentrack's share price

Gentrack CEO Gary Miles has led a turnaround at the utilities software firm but it has recently lost out on new contracts to its main rival Kraken. (Image: NZME)

Rebecca Stevenson

Fri, 08 Aug 2025

Utilities software company Gentrack's market capitalisation has fallen by about $150 million as the market digests back-to-back contract losses to its rival.A slew of analysts downgraded the stock, and its share price has retreated after several years of strong performance, which drove it into the NZX50 and then NZX20 Index and made it one of the most valuable listed companies in NZ.Gentrack's shares started the year at $12.50 and on Aug 4 fell to $9.78. Shares last traded this low in August 2024.As a result, its market capitalisation f...

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