Streetbeat News

KEN

Kenon Holdings Ltd.

https://www.kenon-holdings.com

Industry

Independent Power Producers

Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates in four segments: OPC Israel, CPV Group, ZIM, and Quantum. The company engages in the generation and supply of electricity and energy; development, construction, and management of renewable energy and conventional natural gas-fired power plants; manufacture of automobiles; and provision of container liner shipping services. As of December 31, 2021, the company had an installed capacity of approximately 610 MW; and operated a fleet of 118 vessels. The company was incorporated in 2014 and is based in Singapore. Kenon Holdings Ltd. is a subsidiary of Ansonia Holdings Singapore B.V.

Open

29.35

Mkt cap

1.6B

Volume

5.7K

High

30.25

P/E Ratio

9.39

52-wk high

31.26

Low

29.35

Div yield

0.13

52-wk low

19.63

Kenon Holdings (KEN) has seen a 41% YTD gain due to higher global freight rates and strong performance in the Utilities sector. The company is making shareholder-friendly moves with dividends and stock buybacks, and is divesting its stake in ZIM. Despite positive technical indicators, KEN faces challenges with high debt, negative GAAP EPS, and an uncertain earnings outlook.

Portfolio Pulse from

November 27, 2024 | 3:45 pm

Kenon has increased its share repurchase plan by $10 million, bringing the total to $60 million. The company has repurchased 1.1 million shares for $28 million and plans further repurchases of up to $30 million through March 2025.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:27 pm

Kenon Holdings (NYSE:KEN) reported a 9.7% year-over-year increase in Q2 sales, reaching $181 million compared to $165 million last year.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:26 pm

Kenon Holdings reported a significant increase in Q1 revenue and adjusted EBITDA compared to the previous year. Revenue rose to $174 million from $147 million, and adjusted EBITDA increased to $95 million from $75 million.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:48 am

UnitedHealth Group Incorporated (NYSE:UNH) reported better-than-expected first-quarter earnings, with adjusted EPS of $6.91 and revenues of $99.8 billion, causing its shares to surge 6.2%. Other stocks also moved significantly, including Macatawa Bank Corporation (NASDAQ:MCBC) which jumped 38.8% after announcing a merger with Wintrust Financial Corporation (NASDAQ:WFTC), and several others like Intra-Cellular Therapies, Inc. (NASDAQ:ITCI), Cullinan Oncology, Inc. (NASDAQ:CGEM), and Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) reporting positive developments.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 2:15 pm

Kenon Holdings reported a FY23 revenue of $692M for its subsidiary OPC, up from $574M in FY22. The increase is attributed to higher electricity sales in Israel and the U.S., and the commencement of operations at Tzomet and Gat Power Plants. Despite the revenue growth, profit for the period decreased to $47M from $65M, with a notable rise in cost of sales and finance expenses. Adjusted EBITDA also saw a significant increase from $250M to $304M.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:16 pm

ZimVie Inc. (ZIMV) shares surged after announcing the sale of its spine business to H.I.G. Capital for $375 million, including $315 million in cash and a $60 million promissory note. United States Steel Corporation (X) also saw a significant rise after Nippon Steel's acquisition announcement. Other stocks like PGT Innovations (PGTI) and Cleveland-Cliffs Inc. (CLF) recorded gains, with PGTI being acquired by Masonite and CLF responding to the U.S. Steel acquisition news.

Portfolio Pulse from Avi Kapoor

December 18, 2023 | 3:57 pm

Kenon Holdings (NYSE:KEN) reported a 40.49% increase in Q3 sales to $229.00M, up from $163.00M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:21 pm

Trading in shares of Kenon Holdings has been temporarily halted pending the release of news. Investors are awaiting the announcement, which could significantly impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 6:43 pm

Kenon Holdings (NYSE:KEN) reported Q2 sales of $165.00 million, a 36.36% increase from $121.00 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 10:32 am

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