Kenon’s OPC Unit Secures Extra Bank Leumi Funding for CPV’s Remaining 30% Buyout of Texas Basin Ranch

Kenon ( (KEN) ) has shared an update.

On January 8, 2026, Kenon Holdings said its power subsidiary OPC Energy reported that majority-owned CPV Group LP has amended its existing $300 million financing agreement with Bank Leumi to add a further $130 million in funding. The additional facility is intended to finance part of CPV Group’s previously agreed purchase of the remaining 30% stake in the Basin Ranch gas-fired power plant project in Texas, which would give CPV Group full ownership of the 1.35 GW asset once the transaction closes. The acquisition remains subject to various conditions precedent, and its completion would deepen Kenon’s exposure to U.S. gas-fired generation while potentially enhancing scale and control over a key project in its portfolio, though the deal is still contingent on meeting financing and regulatory conditions.

The most recent analyst rating on (KEN) stock is a Buy with a $68.00 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 on the NYSE and TASE, is a Singapore-based holding company with significant interests in the power generation sector through its subsidiary OPC Energy Ltd., which in turn holds a majority stake in CPV Group LP, an energy developer and operator active in large-scale gas-fired power projects in the United States such as the 1.35 GW Basin Ranch project in Texas.

Average Trading Volume: 11,371

Technical Sentiment Signal: Buy

Current Market Cap: $3.53B

For detailed information about KEN stock, go to TipRanks’ Stock Analysis page.