Acen Corporation

ACEN

PHY1001H1024

Independent Power Producers

End-of-day quote Philippines S.E. Other stock markets 06:00:00 2024-04-21 pm EDT			5-day change	1st Jan Change
3.37 ^PHP	+0.90%		+1.20%	-23.06%

Apr. 18	ACEN, Rockefeller Foundation Tie Up to Cut Carbon Emissions, Retire Coal Plant	MT
Apr. 17	ACEN Secures $150 Million Green Term Loan from Sumitomo Mitsui Banking	MT

Prime Strategic Holdings Inc completed the acquisition of Power Barge 101 from AC Energy Corporation for approximately PHP 130 million.

January 20, 2022

Prime Strategic Holdings Inc agreed to acquire Power Barge 101 from AC Energy Corporation (PSE : ACEN) on August 20, 2021. On December 21, 2021, Prime Strategic Holdings Inc signed the Asset Purchase Agreement with AC Energy Corporation.

Prime Strategic Holdings Inc completed the acquisition of Power Barge 101 from AC Energy Corporation (PSE:ACEN) for approximately PHP 130 million on January 21, 2022.

Latest news about Acen Corporation

ACEN, Rockefeller Foundation Tie Up to Cut Carbon Emissions, Retire Coal Plant	Apr. 18	MT
ACEN Secures $150 Million Green Term Loan from Sumitomo Mitsui Banking	Apr. 17	MT
ACEN, UPC Renewables Asia Offload Full Stake in Indonesian Wind Farm for $102.2 Million	Apr. 04	MT
ACEN Lends PHP500 Million Term Loan to Special Purpose Vehicle Gigasol1	Mar. 27	MT
Ayala's Core Net Income Soars 48% in 2023	Mar. 13	MT
ACEN's Net Income Plunges 43% in 2023	Mar. 13	MT
ACEN, SmartestEnergy Sign Renewable Power Supply Deal	Mar. 13	MT
ACEN, BrightNight to Develop Renewable Energy Projects in Philippines	Mar. 12	MT
Acen Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 11	CI
Acen Corporation Appoints Franchette M. Acosta as Corporate Secretary	Mar. 11	CI
ACEN and BrightNight to Develop 1 GW of Renewables in the Philippines	Mar. 10	CI
ACEN, Marubeni Partner for BESS Development, Inks Power Sale Deal with ZEN Energy	Mar. 06	MT
Australia, Indonesia should team up for battery supply chains, ACEN CEO says	Mar. 03	RE
Acen Corporation Secures AUD 150 Million Green Term Loan from ANZ and Westpac to Fund Renewables Expansion in Australia	Feb. 27	CI
Acen Corporation Announces Resignation of Solomon M. Hermosura as Corporate Secretary	Feb. 25	CI
Australian Embassy Supports ACEN's Expansion Plans	Feb. 13	MT
ACEN Declares Dividend	Feb. 12	MT
ACEN Buys YMP Telecom to Provide Solar-Powered Solutions for Telco Towers	Dec. 28	MT
Acen Corporation Announces Executive Changes	Dec. 15	CI
Acen Corporation Secured Sustainability-Linked Loan Facility Worth PHP 11 Billion	Dec. 13	CI
ACEN Secures PHP2.75 Billion Green Loan from HSBC	Dec. 13	MT
ACEN Unit Bags $100 Million Green Term Loan	Dec. 07	MT
ACEN's Executive Committee OKs Partnership with BrightNight APAC	Dec. 06	MT
Acen Corporation Signs Term Loan Facility Worth PHP 20 Billion	Nov. 29	CI
Acen Corporation Appoints Ms. Mae Christine L. Go as Chief Audit Executive	Nov. 16	CI

Chart Acen Corporation

Duration

Period

More charts

Company Profile

ACEN Corporation is a Philippines-based company, which is engaged in power generation and trading, oil and mineral exploration, development and production. It organized into three business units. Philippines business unit includes Retail Electricity Supply (RES) or Commercial Operations (CO); Renewables, which is engaged in generation, transmission, distribution and supply of electricity using renewable sources, such as solar, wind and geothermal resources; Thermal, which is engaged in generation, transmission, distribution and supply of electricity using conventional way of energy generation; Project development; Leasing; bulk water supply; and Petroleum and exploration. International business unit represents the operations of ACRI, which is the holding company for all offshore investments. Parent and Others business unit represents operations of the Parent Company (excluding RES/CO) and ACE Shared Services, Inc. This also includes interest expense incurred by ACEN Finance Limited.

Sector

Independent Power Producers

Calendar

2024-05-09 - Q1 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Ratings for Acen Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3.37 PHP

Average target price

6.026 PHP

Spread / Average Target

+78.82%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Independent Power Producers

	1st Jan change	Capi.
ACEN CORPORATION	-23.06%	2.32B
NTPC LTD	+11.62%	39.87B
ADANI POWER LIMITED	+14.84%	27.61B
SDIC POWER HOLDINGS CO., LTD	+19.73%	16.24B
CHINA RESOURCES POWER HOLDINGS COMPANY LIMITED	+25.06%	12.13B
HUADIAN POWER INTERNATIONAL CORPORATION LIMITED	+21.90%	9.08B
DATANG INTERNATIONAL POWER GENERATION CO., LTD.	+20.33%	6.22B
TALEN ENERGY CORPORATION	+46.86%	5.53B
HUBEI ENERGY GROUP CO., LTD.	+36.17%	5.19B
NLC INDIA LIMITED	-8.94%	3.76B

Other Independent Power Producers

Acen Corporation

Equities

ACEN

PHY1001H1024

Independent Power Producers

Prime Strategic Holdings Inc completed the acquisition of Power Barge 101 from AC Energy Corporation for approximately PHP 130 million.

EPS Revisions