Forbar lifts Meridian profit guide on 'unusual' hedging gains
Wholesale price outlook rising on concern over winter peak capacity, say analysts.
Meridian said water storage in its Waitaki catchment was 129% of historical average at the end of December.
Broking firm Forsyth Barr has upgraded its estimate of half-year profits at Meridian after the energy generator and retailer indicated further unusually high returns from its futures contracts in the December quarter.
In a research note published today, analysts Andrew Harvey-Green and Mark
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