Business
Here’s why the Meridian Energy (ASX:MEZ) share price slumped 8% today // The Motley Fool Australia
The Meridian Energy Ltd (ASX: MEZ) share price is currently trading at $7.17, down 8.02% at the time of writing. Meridian shares have come under pressure today after the electricity company released its monthly update for December 2020.
We take a closer look at today’s update and what else the company has been up to recently.
More about Meridian Energy
Meridian Energy is the largest electricity producer in New Zealand and generates an estimated 35% of the country’s electricity. All of the electricity generated by Meridian Energy comes from 100% renewable sources — water, wind, and sun. New Zealand customers receive grid-supplied electricity, which is a combination of renewable and non-renewable sources.
Meridian Energy…
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