Mercury NZ stock secures 118 MW solar partnership

Published on 10/08/2026 at 08:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mercury NZ stock was last at NZD 6.75 on October 8, 2026, as its 118 MW solar PPA adds renewable supply. Fiscal 2026 net income reached NZD 321.0 million.

MCY, NZMRPE0001S2, Illustration mit AI erstellt.

Mercury NZ (ISIN NZMRPE0001S2) has secured a long-term power purchase agreement for a 118 MW solar and battery project near Masterton, giving its renewable generation portfolio a new solar component. The agreement was reported by NZ Herald on October 4, 2026.

Solar adds a new power source

Under the agreement, Mercury will purchase renewable electricity from New Zealand Clean Energy's Masterton Solar and Energy Storage Project. The development is designed to generate 190 GWh of electricity annually and is expected to create more than 100 construction jobs.

Energy Global described the agreement on October 1, 2026, as Mercury's first major grid-scale solar PPA. For the company, the strategic value is diversification: solar will complement its established hydro, wind and geothermal generation.

Profit rebounded in fiscal 2026

Simply Wall St reported that Mercury's fiscal 2026 net income reached NZD 321.0 million, up NZD 320.0 million from fiscal 2025. Revenue was NZD 3.22 billion, down 7.8 percent from the prior year, while earnings per share rose to NZD 0.23 from NZD 0.001.

The earnings mix matters because the revenue decline contrasts with the sharp profit recovery. Simply Wall St also reported that fiscal 2026 earnings per share exceeded analyst estimates by 22 percent, while revenue missed estimates by 2.6 percent.

Consensus target stays above the stock

A consensus published by Marketscreener on September 18, 2026 covered five analysts, carried an Accumulate rating and set the average price target at NZD 7.340. That target lies 8.74 percent above the NZD 6.75 reference price, a valuation gap that leaves execution and capital spending central to the investment case.

Mercury NZ stock remains below its yearly high

Mercury NZ stock was last at NZD 6.75 on the NZX on October 8, 2026 at 5:00 p.m. NZDT, up NZD 0.04 or 0.60 percent from NZD 6.71. The price stood 5.73 percent below its 52-week high of NZD 7.16 and above the 52-week low of NZD 6.08.