Alert: New Earnings Report (11/29/23)-Kenon Holdings Ltd (NYSE: KEN).


Kenon Holdings Ltd (NYSE: KEN) has reported a loss for its third fiscal quarter (ending September 30) of $-3.83 versus $4.65 for the same period a year ago — a decline of -182%. E.P.S. were $-20.17 for the latest four quarters through September 30 versus $28.70 for the same period a year ago — a decline of -170%.


Recent Price Action

Kenon Holdings Ltd (NYSE: KEN) stock closed at $22.20 on 11/29/23 after a slight decline of -0.3%. However, this decline was accompanied by exceptionally low trading volume at 42% of normal. The stock has risen 3.3% during the last week but has been weak relative to the market over the last nine months.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, KEN is expected to continue to be an important Value Builder.

Kenon Holdings has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Kenon Holdings has a very high Appreciation Score of 92 but a neutral Power Rating of 46, with the Positive Value Trend Rating the result.

Rating Review

In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

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