New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Thematic (Sector/Industry)

New zealand Electrical equipment / Thematic (Sector/Industry)

<ul>
<li>September 2026 saw more of the same, with interest rates and election uncertainty weighing on the sector.</li>
<li>In the wholesale electricity market, operating conditions are also little changed, with renewable generation breaking through 95% for the first time on a rolling 12-month basis.</li>
<li>Our preferred companies are Contact Energy (CEN) and Mercury (MCY), rated OUTPERFORM, followed by Meridian Energy (MEL), NEUTRAL.</li>
</ul>


September 2026 saw more of the same, with interest rates and election uncertainty weighing on the sector.
In the wholesale electricity market, operating conditions are also little changed, with renewable generation breaking through 95% for the first time on a rolling 12-month basis.
Our preferred companies are Contact Energy (CEN) and Mercury (MCY), rated OUTPERFORM, followed by Meridian Energy (MEL), NEUTRAL.


Power Points Wholesale Market Turns 30—October 2026