Quite depressing market update
https://infratil.com/assets/imported...ate-252520.pdf including lots of excuses;
Depressed income for Trustpower and Tilt (apparently more wind capacity is severely cutting into the income you can achieve with wind generators) and outlook quite soft; Worldwide devaluation of renewables compared to coal; NZ bus is losing patronage (even if they try to avoid saying it that way); The lonely stars seem to be Wellington Airport and Canberra Data Centre. Not sure, this will suffice.
I guess no real surprises (and hence no material market reaction), but still sobering to see this professionally (as usual) put together: SP stays below MA100 and well below MA200;