NZ's Meridian Energy rises on higher sales volume

Meridian Energy

18/11/2022 03:58

** Shares of New Zealand's Meridian Energy Ltd  MEL.NZ  rise
as much as 2.5% to NZ$4.715, hitting highest since Nov 9 
    ** NZ's largest renewable energy generator says retail sales
volumes for New Zealand in Oct were 11% higher than Oct 2021
levels
    ** Says Oct 2022 monthly total inflows were 70% of
historical average 
    ** Adds retail contracted sales volume for Oct was 795
gigawatt hours vs 716 gigawatt hours an year ago 
    ** Stock set for best day since Nov 11, if gains hold 
    ** Stock down 5.2% this year, as of last close
 (Reporting by Nausheen Thusoo)
 ((Nausheen.Thusoo@thomsonreuters.com;))