Five analysts cite NZD 6.23 target as Meridian Energy stock sits 12.86 percent below it

Published on 10/20/2026 at 19:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter generation rose 18.90 percent in fiscal 2027. Meridian Energy stock costs EUR 2.80 on October 20, 2026, up 2.94 percent versus Frankfurt.

Analyst target and hydro output

Five analysts cited a NZD 6.23 target on October 10, 2026.
First-quarter fiscal 2027 generation rose 18.90 percent on October 20, 2026.
Meridian Energy stock costs EUR 2.80 at Lang & Schwarz on October 20, 2026, 2.94 percent above the Frankfurt close of October 16, 2026 at EUR 2.72.
The price earnings ratio was 111.07, while market capitalization was NZD 14.7 billion as of October 20, 2026.

Meridian Energy, NZMELE0002S7, Illustration mit AI erstellt.

Five analysts cited a NZD 6.23 12-month consensus target for Meridian Energy in the October 10, 2026 valuation update from Simply Wall St. Against the NZD 5.52 home-market price on October 20, 2026, that target stands 12.86 percent higher. The stock was trading at EUR 2.80 at Lang & Schwarz on October 20, 2026 at 7:35 p.m. CEST, 2.94 percent above the Frankfurt close of October 16, 2026 at EUR 2.72.

Hydro output lifts first-quarter generation

RTTNews reported on October 20, 2026 that Meridian Energy increased generation 18.90 percent in the first quarter of fiscal 2027. First-quarter inflows reached 154.00 percent of the historical average, up 29.00 percent from the same period a year earlier, while the average achieved price fell 64.30 percent year over year.

Meridian kept fiscal 2027 total capital expenditure guidance at NZD 370.00 million to NZD 410.00 million, including NZD 220.00 million to NZD 250.00 million of growth spending, according to RTTNews on October 20, 2026. More than 245,000 customers had moved to the Kraken platform by the same reporting date.

Stock stays below its yearly high

Meridian Energy's NZX price of NZD 5.52 on October 20, 2026 was NZD 0.52 below its 52-week high of NZD 6.04 and NZD 0.36 above its 52-week low of NZD 5.16. The session ended with 762,002 shares traded, while the stock's market capitalization was NZD 14.7 billion. The price range and trading figures come from the October 20, 2026 market snapshot.

Valuation and dates matter

The price earnings ratio was 111.07 on October 20, 2026, compared with a five-company peer average of 27.50 in the October 10, 2026 analysis by Simply Wall St. Meridian's reported fiscal year ended June 30, 2026, and its investor calendar says annual results are released each August and interim results each February, according to Meridian Energy.

Comparison with peers

Meridian Energy: plus 2.94 percent, price earnings ratio 111.07, market capitalization NZD 14.7 billion.

Contact Energy (NZX, NZD): plus 0.70 percent, price earnings ratio 20.55, market capitalization NZD 9.3 billion.

Genesis Energy (NZX, NZD): unchanged, price earnings ratio 30.40, market capitalization NZD 3.1 billion.

Price remains the immediate frame

Meridian Energy is listed on the NZX under MEL and on the ASX under MEZ. Its business generates renewable electricity from hydro, wind and solar assets and sells power to residential, business and industrial customers, according to Meridian Energy's investor centre.

The stock was trading at EUR 2.80 at Lang & Schwarz on October 20, 2026 at 7:35 p.m. CEST, 2.94 percent above the Frankfurt close of October 16, 2026 at EUR 2.72. The further course of trading is shown by the continuously updated real-time quote of Meridian Energy stock.