Manawa Energy Ltd

MNW: XNZE (NZL)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	NZD 8.30	Qlkzd	Qnwtgyx

Fair Value Estimate Increases for Trustpower; Shares Still Look Attractive

Sep 10, 2014

We are raising our forecast for Trustpower as we incorporate the acquisition of Green Power hydro and wind assets in our model. This, as well as the additional cash generated since our last update, pushes Trustpower’s fair value estimate to NZD 8.00 per share from NZD 7.50 per share.

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