Kenon ( (KEN) ) just unveiled an update.
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Kenon Holdings Ltd.’s subsidiary, OPC Energy Ltd., has completed acquisitions through CPV Group LP, increasing its stake in two natural gas-fired power plants, CPV Shore and CPV Maryland, to approximately 69% and 75% respectively. Additionally, OPC and its financial investors have raised capital commitments by $220 million, enhancing OPC’s indirect interest in CPV to an expected 70.7%, signaling strengthened financial positioning and expanded operational control in the energy sector.
More about Kenon
Kenon Holdings Ltd. operates in the energy sector, primarily through its subsidiary OPC Energy Ltd., which focuses on power generation. The company is involved in operating natural gas-fired power plants and has a market focus on expanding its holdings in energy assets.
YTD Price Performance: 41.57%
Average Trading Volume: 9,852
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.56B
See more insights into KEN stock on TipRanks’ Stock Analysis page.
