ACWA POWER Company

2082

SA15CGS10H12

Multiline Utilities

End-of-day quote Saudi Arabian S.E. Other stock markets 06:00:00 2024-04-24 pm EDT			5-day change	1st Jan Change
420 ^SAR	-6.87%		-3.76%	+63.42%

Apr. 25	Saudi Shares Close Trading Week in Red; Cenomi Retail Shares Soar	MT
Apr. 25	Acwa Power Unit Extends Power Purchase Contract with Oman's Nama Power and Water Procurement	MT

ACWA POWER Company Announces the Start of Commercial Operation for Group 3 of Sudair Solar Photovoltaic Project

January 03, 2024 at 06:49 am EST

ACWA Power Company announced that it has received from the Saudi Power Procurement Company (SPPC) on 3rd January 2024 the Commercial Operation certificate of Group 3 of Sudair Solar Photovoltaic Project in Saudi Arabia. Group 3 included additional 25% of the total project capacity. The complete plant achieved commercial operation with total capacity of 1500 Megawatt.

ACWA Power owns a net stake of 35% in Sudair One Renewable Energy Company. The Company expects financial impact to be reflected in first quarter 2024.

Latest news about ACWA POWER Company

Saudi Shares Close Trading Week in Red; Cenomi Retail Shares Soar	Apr. 25	MT
Acwa Power Unit Extends Power Purchase Contract with Oman's Nama Power and Water Procurement	Apr. 25	MT
ACWA POWER Co. Proposes to Distribute Dividends for the Financial Period of 31 December 2023, Payable on 13 May 2024	Apr. 24	CI
Gulf markets subdued on geopolitical tensions, US rate cut concerns	Apr. 21	RE
Saudi Shares Extend Losing Streak Amid Downbeat Global Sentiment	Apr. 17	MT
DEWA, Acwa Power Report Financial Closing for AED3.4 Billion Dubai Project	Apr. 17	MT
Saudi Shares Close in Green; Wider Middle East War Concerns Intensify	Apr. 15	MT
Saudi Financial Regulator OKs Acwa Power’s Capital Increase	Apr. 04	MT
Correction: Acwa Power Says Partial Commercial Operations Kick off at Independent Power Project in Uzbekistan	Apr. 03	MT
Acwa Power Says Partial Commercial Operations Kick off at Independent Power Project in Uzbekistan	Apr. 03	MT
ACWA Power Company Announces the Start of Partial Commercial Operation for Sirdarya CCGT Independent Power Project in Uzbekistan	Apr. 03	CI
Acwa Power Signs Power Purchase Deal with National Electric Grid of Uzbekistan	Mar. 31	MT
Acwa Power Signs Water Purchase Deal with Senegalese Government, Water Company	Mar. 28	MT
ACWA Power Company Announces the Signing of A Water Purchase Agreement in Senegal	Mar. 28	CI
Breakdown at Saudi solar plant in Morocco costs firm $47 million	Mar. 24	RE
Acwa Power Expects Outage at Morocco Solar Plant Until November	Mar. 24	MT
ACWA Power Unit Granted Project Commercial Operation Certificate in United Arab Emirates	Mar. 13	MT
ACWA POWER Company Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 29	CI
Transcript : ACWA POWER Company, 2023 Earnings Call, Feb 29, 2024	Feb. 29
ACWA POWER Company Announces the Start of Commercial Operation for Group 3 of Sudair Solar Photovoltaic Project	Jan. 03	CI
Egypt, Saudi Arabia's Acwa power sign $4 bln green hydrogen deal - Egyptian cabinet	Dec. 20	RE
EGYPT, SAUDI'S ACWA POWER SIGN $4 BLN GREEN HYDROGEN DEAL - EGYP…	Dec. 20	RE
Indonesia's PLN, Saudi Arabia's Acwa sign letter of intent to build two solar power plants in Indonesia - statement	Dec. 06	RE
Kazakhstan signs deals for 3GW of wind power	Dec. 02	RE
ACWA POWER Company Announces the Achievement of Commercial Operation of PT2 Unit of Noor Energy 1 P.S.C	Nov. 18	CI

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Company Profile

ACWA Power Co, formerly International Company for Water and Power Projects, is a Saudi Arabia-based power and water utility Company. The company is engaged in the business of development, construction, acquisition, generation and sale of electricity and desalinated water, leasing, operation and maintenance of power generation, water desalination and steam plants, and other related business activities. The Company operates through three segments: Thermal and Water Desalination, Renewables and Others. Thermal Desalination is power and water desalination plants which use fossil fuel for the generation of electricity and production of water whereas water desalination is stand-alone reverse osmosis desalination plants. Its plants include IPPs (Independent Power Plants), IWPPs (Independent Water and Power Plants) and IWPs (Independent Water Plants). Renewables segment comprises of Photovoltaic, Concentrated Solar Power, Wind plants and Hydrogen.

Sector

Multiline Utilities

Calendar

2024-04-29 - Extraordinary Shareholders Meeting

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Ratings for ACWA POWER Company

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

420 SAR

Average target price

199.7 SAR

Spread / Average Target

-52.46%

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Quarterly revenue - Rate of surprise

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