NZ Windfarms hits over 1-year low on lacklustre outlook

NZ Windfarms

25/05/2022 03:34

** Shares of NZ Windfarms  NWF.NZ  fall as much as 3.3% to
NZ$0.178, their lowest since March 1, 2021
    ** The wind power firm says lower average wind speeds have
continued into the second half of FY and impacted generation
    ** Says it is now expecting FY2022 EBITDAF towards the
bottom of the forecast range of NZ$6.5 mln to NZ$7.5 mln ($4.21
mln-$4.86 mln)  urn:newsml:reuters.com:*:nNZW5xq9xQ
    ** Co also expects full-year generation to be nearer to 100
GWh, compared with generation of 110.5 GWh in FY21
    ** Shares mark their worst intraday fall since April 13
    ** As of last close, stock down 14.4% this year

     ($1 = 1.5425 New Zealand dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))