Manawa Energy Ltd
MNW: XNZE (NZL)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
NZD 6.20 | Pzwctkc | Kqwbtkxq |
Manawa’s Growth To Be Driven by Electricity Price Increases and Investment in Generation
Business Strategy and Outlook
Manawa is New Zealand's fifth-largest generator behind Contact Energy, Mercury NZ, Meridian, and Genesis. Like Meridian and Mercury, Manawa generates close to 100% of electricity from renewable resources. It owns 26 relatively small hydroelectric schemes in New Zealand, producing about 1,920 gigawatt hours of electricity in an average rainfall year. The firm's wind farms and retail business were divested.