Analysts pick Genesis capital raise by June
The electricity generator and retailer has no immediate need for new equity but has potential for significant further investment, says Forsyth Barr.
As well as the Lauriston solar farm, pictured, Genesis has three further solar farms in progress.
Analysts at Forsyth Barr expect Genesis Energy to raise equity by June to fund its electricity generation development pipeline.
In a research note issued on Friday, Andrew Harvey-Green and Hugh Lockwood said although the company had no immediate need for new capital, “we anticipate GNE will want
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