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The latest announcement is out from Kenon ( (KEN) ).
On March 2, 2026, Kenon said its subsidiary OPC Energy’s project company Hadera 2 signed an agreement with GE Vernova to supply the main equipment for the Hadera 2 natural gas-fired power plant planned next to OPC’s existing Hadera site. The deal covers gas and steam turbines, auxiliary systems and a maintenance agreement, marking a key milestone in advancing the project.
Kenon reported that payments to GE Vernova are scheduled over time, with some already made, and the total consideration is expected to be about 20% of Hadera 2’s estimated project cost. The agreement underscores Kenon and OPC’s continued investment in expanding natural gas generation capacity, which is likely to strengthen their position in Israel’s power market and signals tangible progress toward realizing the Hadera 2 project.
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, is a Singapore-based holding company with significant interests in power generation through its subsidiary OPC Energy Ltd. OPC develops and operates power plants, including the existing Hadera facility in Israel, positioning Kenon as a key player in the regional natural gas-fired electricity market.
Average Trading Volume: 14,968
Technical Sentiment Signal: Buy
Current Market Cap: $4.06B
Find detailed analytics on KEN stock on TipRanks’ Stock Analysis page.