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Kenon
(NYSE:KEN)
Kenon (KEN) vs. SPDR S&P 500 ETF (SPY)
Kenon Business Overview & Revenue Model
Kenon Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 803.30M | 751.30M | 691.80M | 574.00M | 487.76M | 386.00M |
| Gross Profit | 145.79M | 143.79M | 119.46M | 100.00M | 98.35M | 71.00M |
| EBITDA | 162.42M | 233.96M | 224.40M | -620.12M | 80.93M | 69.41M |
| Net Income | 476.67M | 597.67M | -235.98M | 312.65M | 930.27M | 507.11M |
Balance Sheet | ||||||
| Total Assets | 4.69B | 4.21B | 4.11B | 3.77B | 4.07B | 2.48B |
| Cash, Cash Equivalents and Short-Term Investments | 1.26B | 1.16B | 912.63M | 926.00M | 474.77M | 286.00M |
| Total Debt | 1.38B | 1.28B | 1.59B | 1.20B | 1.24B | 937.00M |
| Total Liabilities | 1.75B | 1.55B | 2.04B | 1.48B | 1.79B | 1.21B |
| Stockholders Equity | 1.50B | 1.61B | 1.20B | 1.60B | 1.79B | 1.07B |
Cash Flow | ||||||
| Free Cash Flow | 150.41M | -75.59M | -55.33M | 501.00M | 7.84M | 18.00M |
| Operating Cash Flow | 233.08M | 265.08M | 276.79M | 771.00M | 240.53M | 92.00M |
| Investing Cash Flow | 110.85M | 135.85M | -432.24M | -203.00M | -205.45M | -222.00M |
| Financing Cash Flow | 170.91M | -84.08M | 324.58M | -494.00M | 146.58M | 256.00M |
Kenon Technical Analysis
Kenon Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $3.18B | 16.67 | 7.31% | 5.10% | 2.14% | -6.51% | |
74 Outperform | $4.74B | 12.90 | 10.44% | ― | 6.37% | 7.35% | |
73 Outperform | $1.92B | 18.31 | 7.20% | 4.18% | 11.27% | 20.04% | |
73 Outperform | $3.68B | 7.68 | -7.86% | 7.33% | 8.15% | 180.89% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
61 Neutral | $1.97B | 18.89 | 7.64% | ― | 42.09% | 219.69% | |
52 Neutral | $2.47B | 18.14 | 7.14% | ― | -16.62% | ― |
Kenon Corporate Events
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.
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.
Kenon Holdings Ltd. reported its financial results for the third quarter of 2025, highlighting significant developments and financial achievements. In November 2025, Kenon sold a portion of its OPC shares, generating $100 million, while OPC itself issued new shares and bonds, raising substantial capital. Additionally, OPC announced the commencement of construction on the Basin Ranch Project in Texas, a major gas-fired power plant, and completed acquisitions to consolidate its interests in key projects. Financially, OPC demonstrated robust growth with a net profit of $69 million for Q3 2025, a significant increase from the previous year, driven by higher revenues and improved profitability.
The most recent analyst rating on (KEN) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on Kenon stock, see the KEN Stock Forecast page.
On November 26, 2025, Kenon Holdings Ltd.’s subsidiary, OPC Energy Ltd., announced a bond offering of approximately NIS 460 million ($140 million) in Series D Bonds to be listed on the Tel Aviv Stock Exchange. The offering includes a preliminary phase for institutional investors and a retail offering in Israel, with institutional orders reaching approximately NIS 850 million ($260 million). The proceeds are intended primarily for refinancing existing debt and other business purposes, subject to necessary approvals and updated ratings.
The most recent analyst rating on (KEN) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on Kenon stock, see the KEN Stock Forecast page.
On November 20, 2025, Kenon Holdings Ltd. announced that its subsidiary, OPC Energy Ltd., will conduct a private placement of 5,529,322 ordinary shares to institutional investors in Israel, aiming to raise approximately $100 million. Additionally, Kenon plans to sell a small portion of its OPC shares, amounting to 5,422,648 shares, to institutional investors, also for approximately $100 million. These transactions are expected to adjust Kenon’s ownership in OPC to about 47%. The private placement is contingent upon approval from the Tel Aviv Stock Exchange, and the sale is anticipated to be completed on the same day.
The most recent analyst rating on (KEN) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on Kenon stock, see the KEN Stock Forecast page.
On November 19, 2025, Kenon Holdings Ltd.’s subsidiary, OPC Energy Ltd., released its periodic report for the nine-month and three-month periods ending September 30, 2025. The report highlighted significant financial growth, with a notable increase in EBITDA and net income compared to the previous year. This financial performance underscores OPC’s strategic positioning in the energy sector, particularly in the U.S. and Israel, and reflects the company’s ongoing development projects and market expansion efforts. The report also discussed various risks and uncertainties that could impact future operations, including regulatory changes and geopolitical factors.
The most recent analyst rating on (KEN) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on Kenon stock, see the KEN Stock Forecast page.
On October 29, 2025, Kenon Holdings Ltd.’s subsidiary OPC Energy Ltd. announced an agreement to acquire the remaining 11% stake in CPV Shore Holdings, LLC, a 725 MW power plant in New Jersey. This acquisition will lead to the consolidation of the project in OPC’s financial statements, potentially impacting its financial reporting. The transaction is subject to regulatory approval and is expected to be completed in the coming months.
The most recent analyst rating on (KEN) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on Kenon stock, see the KEN Stock Forecast page.
On October 29, 2025, Kenon Holdings Ltd.’s subsidiary, OPC Energy Ltd., announced the financial closing and commencement of construction for the Basin Ranch Project, a 1.35 GW gas-fired power plant in Texas. OPC also revealed an agreement to acquire the remaining 30% interest in the project from GE Vernova, consolidating its ownership. The financial arrangements include a $1.1 billion subsidized loan and a $1.4 billion EPC and equipment agreement. The acquisition is expected to close by February 28, 2026, subject to conditions, and will lead to the consolidation of the project in OPC’s financial statements, impacting its financial and operational positioning.
The most recent analyst rating on (KEN) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on Kenon stock, see the KEN Stock Forecast page.
On October 28, 2025, Kenon Holdings Ltd.’s subsidiary, OPC Energy Ltd., announced the execution of a credit agreement for the Basin Ranch Project in Texas. The agreement involves a $1.1 billion loan from the Texas Energy Fund to finance part of the natural gas project’s costs, which has a planned capacity of 1.35 GW. The loan, secured by pledges on the project, carries a 3% interest rate and matures in 2045. This development is significant for Kenon as it strengthens its position in the energy sector and supports the expansion of its energy infrastructure in the U.S., potentially impacting stakeholders by enhancing project financing and execution capabilities.
The most recent analyst rating on (KEN) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on Kenon stock, see the KEN Stock Forecast page.
On October 23, 2025, Kenon Holdings Ltd.’s subsidiary, OPC Energy Ltd., announced a $300 million financing agreement with Bank Leumi le-Israel Ltd for the Basin Ranch natural gas project in Texas. This project, with a capacity of 1.35 GW, is 70% owned by CPV Group LP, a subsidiary of OPC, and 30% by GE Vernova. The financing arrangement includes a loan with a SOFR-based interest rate and specific covenants, and is contingent upon the closing of a TEF Loan Agreement. The successful financing is expected to bolster OPC’s position in the energy sector, although it is subject to various conditions and risks.
The most recent analyst rating on (KEN) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on Kenon stock, see the KEN Stock Forecast page.