Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Kenon ( (KEN) ) has shared an announcement.
On June 9, 2025, Kenon Holdings Ltd.’s subsidiary, OPC Energy Ltd., announced its consideration of a potential capital raise through a new share offering, estimated at NIS 810 million (approximately $230 million). The proceeds are intended for the CPV Group’s Basin Ranch project and other purposes. Kenon plans to participate in the tender process, aiming to invest around NIS 440 million (approximately $125 million). The offering is contingent upon approvals from the Tel Aviv Stock Exchange and OPC’s Board of Directors, with no guarantee of execution.
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, focusing on power generation and related services through its subsidiary OPC Energy Ltd. The company is involved in developing and managing energy projects, with a market focus that includes investments in energy infrastructure.
Average Trading Volume: 24,711
Technical Sentiment Signal: Buy
Current Market Cap: $1.93B
See more insights into KEN stock on TipRanks’ Stock Analysis page.