Kenon Subsidiary OPC Energy Completes Full Takeover of Texas Basin Ranch Power Project

Kenon ( (KEN) ) has provided an update.

On February 3, 2026, Kenon Holdings announced that its subsidiary OPC Energy’s 70%-owned unit, CPV Group LP, has completed the previously disclosed acquisition of the remaining 30% stake in the Basin Ranch Project, a 1.35 GW gas-fired power plant project in Texas, resulting in CPV Group now owning 100% of the asset. The move consolidates Kenon’s and OPC’s control over a major U.S. power generation project, potentially strengthening their operational scale and strategic presence in the North American energy market while simplifying the ownership structure of this key infrastructure asset for stakeholders.

The most recent analyst rating on (KEN) stock is a Buy with a $79.00 price target. To see the full list of analyst forecasts on Kenon stock, see the KEN Stock Forecast page.

Spark’s Take on KEN Stock

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

Kenon’s strong valuation and technical indicators drive a positive outlook, supported by solid financial performance. The low P/E ratio and high dividend yield make the stock attractive, while the upward price trend indicates strong market momentum. However, increased leverage and potential overbought conditions warrant cautious optimism.

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

More about Kenon

Kenon Holdings Ltd., listed in New York and Tel Aviv, operates as a holding company with significant energy interests through its subsidiary OPC Energy Ltd. OPC focuses on power generation assets, including gas-fired power plant projects such as the Basin Ranch Project in Texas, positioning Kenon within the conventional and strategic energy infrastructure market.

Average Trading Volume: 12,704

Technical Sentiment Signal: Buy

Current Market Cap: $3.69B

For an in-depth examination of KEN stock, go to TipRanks’ Overview page.