NZ Windfarms jumps on higher revenue forecasts for FY2022

NZ Windfarms

12/04/2021 24:12

** Shares of NZ Windfarms Ltd  NWF.NZ  up as much as 5% to
NZ$0.21, their highest since Feb 22
    ** Wind power firm says it agreed to terms of its third
Variable Volume Fixed Price Agreement for 100% of its production
from Jan. 1, 2022 to Sept. 30, 2022  urn:newsml:reuters.com:*:nNZW5CqVMC
    ** The board expects that revenue (net of hedging) will be
materially higher in FY2022 than the current year
    ** Stock posts its biggest intraday pct gain since March 2
    ** About 750,000 shares change hands, compared with the
30-day average volume of 541,000 shares
    ** Stock has risen 27.4% this year, as of last close

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))