Contact Energy’s data centre plans could affect credit rating, analysts warn
Analysts say Contact Energy's move into data centres could steady cash flow but requires significant funding with potential credit implications.
Contact Energy is considering a foray into data centres. Analysts suggest the move could help stabilise the company's cash flow. However, the project would require substantial funding, and S&P Global warns it could have credit implications for the energy company.
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Stock Takes: Contact Energy’s data centre foray ‘could have credit implications’ – S&P Global
Analysts say a data centre could steady Contact’s cash flow but need big funding.