More stocks to consider
Alternative stocks to Meridian Energy (NZSE:MEL)
These are the alternatives to Meridian Energy that fall within the same industry, Renewable Electricity, or region, New Zealand.
How to read the ranks
For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:
Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".
Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".
Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.
Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.
(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).
(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.
See Meridian Energy Performance
Meridian Energy stock research in summary
meridianenergy.co.nz
Meridian Energy shares are more expensive than other comparable stocks. They are safely financed and show above average growth, but are poor value. We recommend evaluating whether the future of the company Meridian Energy is really as positive as the high price of the shares suggests. If you come to the conclusion that the future for this company is only average, that could be a reason to sell this share.
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Country |
New Zealand |
Industry |
Renewable Electricity |
Index |
|
Size class |
Large |
Large companies - similar industry as Meridian Energy
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Tohoku Electric Power (XXL, JP) Electric Utilities
|
1. Tohoku Electric Power (XXL, JP) Electric Utilities
|
81
|
|
71
|
|
66
|
|
96
|
|
2. Korea Electric Power (XXL, KR) Electric Utilities
|
2. Korea Electric Power (XXL, KR) Electric Utilities
|
100
|
|
95
|
|
1
|
|
81
|
|
3. AGL (XL, AU) Multi-Utilities
|
3. AGL (XL, AU) Multi-Utilities
|
75
|
|
23
|
|
86
|
|
78
|
|
4. Chubu Electric Power (XXL, JP) Electric Utilities
|
4. Chubu Electric Power (XXL, JP) Electric Utilities
|
85
|
|
61
|
|
45
|
|
75
|
|
5. Korea Gas (XXL, KR) Gas Utilities
|
5. Korea Gas (XXL, KR) Gas Utilities
|
97
|
|
89
|
|
4
|
|
73
|
|
6. Hokuriku Electric Power (XL, JP) Electric Utilities
|
6. Hokuriku Electric Power (XL, JP) Electric Utilities
|
87
|
|
15
|
|
72
|
|
70
|
|
7. Shikoku Electric Power (XL, JP) Electric Utilities
|
7. Shikoku Electric Power (XL, JP) Electric Utilities
|
100
|
|
15
|
|
60
|
|
70
|
|
8. Osaka Gas (XXL, JP) Gas Utilities
|
8. Osaka Gas (XXL, JP) Gas Utilities
|
55
|
|
39
|
|
83
|
|
65
|
|
9. Electric Power Development (XL, JP) Power Producers & Traders
|
9. Electric Power Development (XL, JP) Power Producers & Traders
|
93
|
|
33
|
|
55
|
|
65
|
|
10. Toho Gas (XL, JP) Gas Utilities
|
10. Toho Gas (XL, JP) Gas Utilities
|
31
|
|
47
|
|
97
|
|
61
|
|
October 10, 2024
Why popular stocks have low ratings
It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.
Large companies - similar region as Meridian Energy
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Hankook Tire (XL, KR) Tires & Rubber
|
1. Hankook Tire (XL, KR) Tires & Rubber
|
93
|
|
67
|
|
89
|
|
100
|
|
2. Evergreen Marine (XXL, TW) Marine
|
2. Evergreen Marine (XXL, TW) Marine
|
97
|
|
83
|
|
87
|
|
100
|
|
3. Daiwabo Holdings (XL, JP) Technology Distributors
|
3. Daiwabo Holdings (XL, JP) Technology Distributors
|
66
|
|
83
|
|
94
|
|
100
|
|
4. Daido Steel (XL, JP) Steel
|
4. Daido Steel (XL, JP) Steel
|
71
|
|
73
|
|
86
|
|
100
|
|
5. Stanley Electric (XL, JP) Auto Parts & Equipment
|
5. Stanley Electric (XL, JP) Auto Parts & Equipment
|
75
|
|
73
|
|
100
|
|
100
|
|
6. Downer EDI (XL, AU) Diversified Support Services
|
6. Downer EDI (XL, AU) Diversified Support Services
|
91
|
|
94
|
|
60
|
|
100
|
|
7. The 77 Bank (XXL, JP) Regional Banks
|
7. The 77 Bank (XXL, JP) Regional Banks
|
93
|
|
95
|
|
76
|
|
100
|
|
8. Mizuho Leasing (XL, JP) Specialized Finance
|
8. Mizuho Leasing (XL, JP) Specialized Finance
|
100
|
|
89
|
|
57
|
|
100
|
|
9. Korea Investment (XL, KR) Investment Banking & Brokerage
|
9. Korea Investment (XL, KR) Investment Banking & Brokerage
|
93
|
|
93
|
|
80
|
|
100
|
|
10. Seino Holdings (XL, JP) Trucking
|
10. Seino Holdings (XL, JP) Trucking
|
71
|
|
79
|
|
100
|
|
100
|
|
October 10, 2024
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Mid sized companies - similar industry as Meridian Energy
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Nippon Gas (L, JP) Gas Utilities
|
1. Nippon Gas (L, JP) Gas Utilities
|
41
|
|
43
|
|
60
|
|
52
|
|
2. Vector (L, NZ) Multi-Utilities
|
2. Vector (L, NZ) Multi-Utilities
|
29
|
|
99
|
|
24
|
|
42
|
|
3. Mercury NZ (L, NZ) Electric Utilities
|
3. Mercury NZ (L, NZ) Electric Utilities
|
19
|
|
65
|
|
32
|
|
28
|
|
4. Genesis Energy (L, NZ) Electric Utilities
|
4. Genesis Energy (L, NZ) Electric Utilities
|
55
|
|
29
|
|
28
|
|
22
|
|
5. Contact Energy (L, NZ) Electric Utilities
|
5. Contact Energy (L, NZ) Electric Utilities
|
33
|
|
23
|
|
40
|
|
16
|
|
6. Infratil (L, NZ) Electric Utilities
|
6. Infratil (L, NZ) Electric Utilities
|
1
|
|
41
|
|
22
|
|
6
|
|
7. APA (L, AU) Gas Utilities
|
7. APA (L, AU) Gas Utilities
|
15
|
|
35
|
|
7
|
|
3
|
|
October 10, 2024
Mid sized companies - similar region as Meridian Energy
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Sky Network (M, NZ) Cable & Satellite
|
1. Sky Network (M, NZ) Cable & Satellite
|
93
|
|
55
|
|
69
|
|
88
|
|
2. Scales (M, NZ) Agricultural Products
|
2. Scales (M, NZ) Agricultural Products
|
57
|
|
100
|
|
43
|
|
87
|
|
3. Fisher & Paykel Healthcare (L, NZ) Health Care Equipment
|
3. Fisher & Paykel Healthcare (L, NZ) Health Care Equipment
|
18
|
|
97
|
|
71
|
|
86
|
|
4. KMD Brands (M, NZ) Specialty Stores
|
4. KMD Brands (M, NZ) Specialty Stores
|
69
|
|
77
|
|
42
|
|
82
|
|
5. The a2 Milk Company (L, NZ) Packaged Foods & Meats
|
5. The a2 Milk Company (L, NZ) Packaged Foods & Meats
|
1
|
|
99
|
|
65
|
|
61
|
|
6. Ryman Healthcare (M, NZ) Health Care Facilities
|
6. Ryman Healthcare (M, NZ) Health Care Facilities
|
53
|
|
15
|
|
8
|
|
56
|
|
7. Freightways (M, NZ) Air Freight & Logistics
|
7. Freightways (M, NZ) Air Freight & Logistics
|
29
|
|
89
|
|
35
|
|
51
|
|
8. Vector (L, NZ) Multi-Utilities
|
8. Vector (L, NZ) Multi-Utilities
|
29
|
|
99
|
|
24
|
|
42
|
|
9. Spark New Zealand (L, NZ) Integrated Telecommunication
|
9. Spark New Zealand (L, NZ) Integrated Telecommunication
|
55
|
|
53
|
|
18
|
|
34
|
|
10. Mercury NZ (L, NZ) Electric Utilities
|
10. Mercury NZ (L, NZ) Electric Utilities
|
19
|
|
65
|
|
32
|
|
28
|
|
October 10, 2024
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