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Kenon ( (KEN) ) has shared an announcement.
On April 2, 2025, Kenon Holdings Ltd. announced its financial results for 2024 and additional updates. The company declared a cash dividend of $250 million and reported the sale of its remaining interest in ZIM for $394 million. Kenon also repurchased 681,000 shares for $20 million. OPC Energy Ltd., a subsidiary of Kenon, achieved a net profit of $53 million in 2024, up from $47 million in 2023, with an adjusted EBITDA of $332 million. OPC’s revenue increased by $59 million, driven by higher sales from energy and capacity payments, as well as renewable energy projects.
More about Kenon
Kenon Holdings Ltd. operates in the energy sector, primarily focusing on electricity generation and distribution. The company is involved in the sale of electricity to private customers and system operators, with operations in Israel and the U.S. through its subsidiary OPC Energy Ltd.
YTD Price Performance: -0.74%
Average Trading Volume: 11,015
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.69B
For a thorough assessment of KEN stock, go to TipRanks’ Stock Analysis page.