Kenon Holdings Advances Basin Ranch Power Project in Texas

Kenon ( (KEN) ) has shared an update.

On June 9, 2025, Kenon Holdings Ltd.’s subsidiary, OPC Energy Ltd., announced progress in the Basin Ranch Project, a power plant in Texas with a capacity of approximately 1.35 GW. The project, which is in the advanced development stage, involves significant financial planning, including a $530 million financing plan for the CPV Group’s share. This development is expected to impact the company’s positioning in the energy market, with potential implications for stakeholders regarding project financing and regulatory approvals.

Spark’s Take on KEN Stock

According to Spark, TipRanks’ AI Analyst, KEN is a Outperform.

Kenon’s overall stock score is driven by its strong technical indicators and attractive valuation, despite challenges in financial stability and cash flow consistency. The bullish market momentum and undervaluation offer potential growth and income opportunities, while investors should be cautious of potential pullbacks due to overbought conditions.

To see Spark’s full report on KEN stock, click here.

More about Kenon

Kenon Holdings Ltd. operates in the energy sector through its subsidiary, OPC Energy Ltd., focusing on power generation projects. The company is involved in the development and construction of power plants, with a market focus on expanding energy capacity and exploring future carbon capture potential.

Average Trading Volume: 24,711

Technical Sentiment Signal: Buy

Current Market Cap: $1.93B

For detailed information about KEN stock, go to TipRanks’ Stock Analysis page.