Mercury NZ Nears Level That Could Trigger a Raised Earnings Forecast
Macquarie says New Zealand's Mercury NZ is getting close to a point where it could lift its annual EBITDAF guidance. Shares are down 0.8% today.
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what happened
According to Market Talk, citing Macquarie, New Zealand renewable power generator Mercury NZ is approaching the level at which it could consider raising its annual EBITDAF guidance. The view follows the company's first-quarter update, which implied quarterly EBITDAF of NZ$357 million, up 17% from a year earlier.
Mercury NZ currently expects annual EBITDAF of NZ$1.075 billion, supported by new generation capacity, tight cost control and 4.1 terawatt hours of hydro output. Macquarie's forecasts point to a 3% beat, with most of the potential upside seen in its mass market and telco contributions.
Macquarie keeps a neutral rating on the stock and lifted its price target by 2%, to NZ$7.12 per share. Mercury NZ was down 0.8% at NZ$6.65 in today's trading.
why it matters
A possible upgrade matters for investors in New Zealand's power sector, since hydro output and operating costs directly shape the earnings of generators.
tags
instruments
sources
- Mercury NZ Nears Threshold for Earnings Guidance Upgrade — Market Talk, 19 October 2026 at 22:34 UTC
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