Renova’s January Power Sales Beat Plan as Renewable Portfolio Expands

The latest update is out from RENOVA ( (JP:9519) ).

Renova reported January 2026 electricity sales of 289.7 million kWh from 21 solar, biomass and geothermal power plants in Japan, 2.0% above its internal plan and up 17.9% year on year. Cumulative generation for the fiscal year to date reached about 2.68 billion kWh, 7.8% below plan but 25.8% higher than the previous year, underscoring ongoing portfolio expansion driven mainly by biomass capacity.

Solar assets, priced largely at ¥36–40 per kWh under Japan’s feed-in-tariff regime, together with several large-scale biomass plants and a geothermal facility, continued to provide Renova with relatively stable contracted revenue streams. Output curtailment instructions from grid operators in January had only a minor financial impact, with lost generation equivalent to 0.039% of full-year revenue plans, indicating that grid-related restrictions remain manageable for the company’s overall earnings outlook.

The most recent analyst rating on (JP:9519) stock is a Hold with a Yen693.00 price target. To see the full list of analyst forecasts on RENOVA stock, see the JP:9519 Stock Forecast page.

More about RENOVA

Renova, Inc. is a Japan-based renewable energy developer and operator focused on solar, biomass and geothermal power plants. Listed on the Prime Market of the Tokyo Stock Exchange under code 9519, the company earns revenue primarily from electricity sales under fixed-price feed-in-tariff and power purchase agreements in the domestic market.

Average Trading Volume: 615,219

Technical Sentiment Signal: Strong Sell

Current Market Cap: Yen65.76B

See more data about 9519 stock on TipRanks’ Stock Analysis page.