History shows that buying GNE around 2.50 is always a good buy ...selling over 3.70 is a good sell.
As its purely dividend stock so its the closest Bond proxy u can get here .
CEN / MCY / MEL do have a growth component in SP as they are increasing their EV organically
Your long term worries about GNE due to Kupe and Coal and gas are being addressed by company ...they are transferring their generation to Green option in next 7-8 years so IMO they will keep paying similar ever increasing though marginally dividends . Thus buying GNE is like buying a long term Bond ...it has a coupon rate of 9.5% Gross and its price fluctuates with current rate scene ...coupon of 9.5% covers the equity risk premium too adequately ...as Govt bond is tad lower 4% at AA rating
Also u are underestimating the future growth in electric demand due to transfer of petrol pump business to electric companies via electric cars ...each new electric car is like another house connection in power requirements
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