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The latest announcement is out from Kenon ( (KEN) ).
On May 20, 2026, Kenon reported that its subsidiary OPC Energy Ltd. filed its Hebrew-language periodic report for the three months ended March 31, 2026 with the Israeli Securities Authority and the Tel Aviv Stock Exchange, alongside English convenience translations of the board report and unaudited interim financial statements. For the first quarter of 2026, OPC posted a 10% rise in EBITDA after proportionate consolidation to $124 million and an 18% increase in adjusted net income to $33 million versus the prior year, driven by higher energy margins and capacity prices in U.S. markets, stronger EBITDA in Israel and currency translation effects, even as reported net income fell 44% to $14 million and reported FFO swung to a negative $21 million.
Regionally, Israel EBITDA rose 16% while U.S. EBITDA after proportionate consolidation grew 8%, with adjusted FFO up 9% overall, underscoring solid operational performance despite volatility in accounting and cash-flow metrics. OPC also highlighted strategic project progress, including advanced development of its 850 MW Hadera combined-cycle expansion—where it signed a binding main equipment and maintenance agreement with GE in February 2026—and the roughly 550 MW Ramat Beka solar-plus-storage project, which received government plan publication in March 2026, as well as continued efforts to finalize construction, equipment and financing arrangements and expand long-term power supply to data center customers, signaling an ongoing push into large-scale, capital-intensive energy transition infrastructure.
Spark’s Take on KEN Stock
According to Spark, TipRanks’ AI Analyst, KEN is a Neutral.
The score is led by solid technical strength (clear uptrend with positive momentum) and a supportive dividend yield. It is held back primarily by mixed financial quality—volatile earnings and inconsistent free cash flow—and increased leverage in 2025, which elevates risk.
To see Spark’s full report on KEN stock, click here.
More about Kenon
Kenon Holdings Ltd. is a Singapore-based holding company with significant interests in the power generation sector through its subsidiary OPC Energy Ltd., a publicly traded company on the Tel Aviv Stock Exchange. OPC develops, owns and operates power plants in Israel and the U.S., with activities spanning conventional generation, energy transition projects and renewable energy assets, including large gas-fired and solar-plus-storage facilities.
Average Trading Volume: 25,100
Technical Sentiment Signal: Buy
Current Market Cap: $4.41B
See more data about KEN stock on TipRanks’ Stock Analysis page.