Kenon’s OPC Unit Secures Full Ownership of 725 MW CPV Shore Plant in New Jersey

Kenon ( (KEN) ) has shared an update.

On January 8, 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 interest in the CPV Shore power plant, a 725 MW natural gas–fired facility located in New Jersey, bringing CPV Group’s ownership to 100%. The transaction consolidates full control of a sizeable U.S. power generation asset under CPV Group, potentially enhancing operational flexibility and earnings visibility for Kenon’s energy platform and reinforcing its strategic footprint in the U.S. natural gas power market.

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., headquartered in Singapore and listed in both New York and Tel Aviv, operates primarily through energy-focused subsidiaries, including OPC Energy Ltd. OPC develops, owns and operates power generation assets, with a portfolio that includes natural gas–fired power plants and related energy infrastructure, positioning the group as a significant player in regional and U.S. power markets through stakes such as CPV Group LP.

Average Trading Volume: 11,371

Technical Sentiment Signal: Buy

Current Market Cap: $3.53B

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