CEN
Contact Energy
Contact Energy is one of New Zealand's largest integrated energy companies, generating electricity from geothermal, hydro, and thermal sources and retailing electricity, gas, broadband, and mobile plans to over 650,000 customer connections. The company is committed to leading the decarbonization of New Zealand, targeting net-zero emissions from its generation operations by 2035.
Shorted
About
website
industry
address
Key Metrics
More Utilities Stocks
Other shorted stocks in this sector
Short Position Trends
Track bearish sentiment and short interest over time
Historical Price Data
View stock price movements, volume, and trading patterns
Industry & Focus
Company Overview
AI-generated company summary
Contact Energy is one of New Zealand's largest integrated energy companies, generating electricity from geothermal, hydro, and thermal sources and retailing electricity, gas, broadband, and mobile plans to over 650,000 customer connections. The company is committed to leading the decarbonization of New Zealand, targeting net-zero emissions from its generation operations by 2035.
Company History
Contact Energy has evolved to become a major player in New Zealand's energy market. The company operates 11 power stations across New Zealand, utilizing diverse energy sources. Contact is committed to sustainability and aims to balance renewable energy generation with reliable energy access for its customers. The company is focused on long-term value creation and responsible resource management.
Competitive Advantages
Contact Energy's competitive advantages include: 1) A diversified generation portfolio with geothermal, hydro, and thermal plants, providing flexibility and reliability. 2) A large customer base of over 650,000 connections, creating a strong retail presence. 3) A commitment to sustainability and decarbonization, aligning with growing environmental awareness and regulatory trends.
Risk Factors
- •Fluctuations in wholesale electricity prices
- •Geopolitical risks
- •Changes in government regulations and policies
- •Operational risks associated with power generation
- •Adverse weather conditions affecting hydro generation
Recent Developments
Last 6 months
Information on recent developments is not available in the provided context.
Key People
Leadership team at Contact Energy
Mike Fuge
Chris Abbott
Mr. Michael Fuge BEng (Hons), MCom (Hons), MIPENZ
Chief Executive Officer
Mr. Matthew Forbes
Chief Financial Officer
Ms. Shelley Hollingsworth
Acting Head of Corporate Finance & Investor Relations and Strategy Manager
Mr. Tighe Wall
Chief Technology Officer
Ms. Kirsten Clayton
General Counsel & Company Secretary
Louise Wright
Head of Communications & Reputation
Ms. Jan Bibby
Chief People Experience Officer
Mr. Dorian Kevin Thomas Devers A.C.M.A., B.Sc., BSc (Hons)
Chief Renewable Growth Officer
Financial Reports
10 reports available