SP New Energy Corporation

SPNEC

PHY8080C1028

Electric Utilities

End-of-day quote Philippines S.E. Other stock markets 06:00:00 2024-04-23 pm EDT			5-day change	1st Jan Change
1 ^PHP	+1.01%		+7.53%	-24.24%

Apr. 17	SP New Energy Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	SP New Energy Corporation Announces Resignation of J. Carlitos G. Cruz as Independent Director	CI

Solar Philippines Nueva Ecija Corporation Considers Options to Raise More Funds

February 15, 2022 at 03:27 am EST

Solar Philippines Nueva Ecija Corporation (PSE:SPNEC) will finance its 10-GW solar project development target through a stock rights offering targeting PHP 10 billion ($194.5 million /€171.8 million). The company said that it plans for the transaction will be filed for regulatory clearance in the second quarter of 2022. It also considers options to raise more funds through private placements among institutional investors.

Latest news about SP New Energy Corporation

SP New Energy Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 16	CI
SP New Energy Corporation Announces Resignation of J. Carlitos G. Cruz as Independent Director	Dec. 22	CI
SP New Energy Corporation Announces Board Changes	Dec. 20	CI
SP New Energy Corporation Elects Rochel Donato R. Gloria as A Member of the Board of Directors	Dec. 12	CI
SP New Energy Corporation acquired unknown stake in Terra Solar Philippines, Inc. from Prime Infrastructure Capital, Inc. for PHP 6 billion.	Dec. 11	CI
SP New Energy Corporation Appoints Rochel Donato R. Gloria as Chief Finance Officer	Dec. 04	CI
SP New Energy Corporation Announces Executive Changes	Dec. 04	CI
SP New Energy Corporation Announces Directors elections	Dec. 04	CI
SP New Energy Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 15	CI
SP New Energy Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-10-26	CI
SP New Energy Corporation announced that it expects to receive PHP 15.9 billion in funding	23-10-11	CI
SP New Energy Secures 4000 Hectares in Philippines	23-08-03	MT
Solar Philippines Power Project Holdings, Inc. acquired SP New Energy Corporation.	23-05-31	CI
SP New Energy Corporation Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-15	CI
Solar Philippines Tarlac Corporation entered into an agreement to acquire 17 companies of SPPPHI.	23-05-15	CI
Metro Pacific Investments Corporation completed the acquisition of 16% stake in SP New Energy Corporation from Solar Philippines Power Project Holdings, Inc.	23-05-07	CI
Philippines' Metro Pacific to acquire $36 mln stake in renewable energy firm	23-03-27	RE
Metro Pacific Investments Corporation agreed to acquire 16% stake in SP New Energy Corporation from Solar Philippines Power Project Holdings, Inc. for PHP 2 billion.	23-03-27	CI
SP New Energy to Complete Rights Offering Ahead of Share Swap with Parent	23-02-10	MT
SP New Energy Affiliate Sheds Stake in Firm	23-02-02	MT
SP New Energy Corporation Announces Resignation of Atty. Jesusa Loreto A. Arellano as Chief Financial Officer	23-01-31	CI
SP New Energy Corporation Announces Executive Changes	23-01-31	CI
Acen Corporation completed the acquisition of 5% stake in SP New Energy Corporation from Solar Philippines Power Project Holdings, Inc.	23-01-25	CI
Acen Corporation agreed to acquire a 5% stake in SP New Energy Corporation from Solar Philippines Power Project Holdings, Inc.	23-01-24	CI
SP New Energy to Convert Over 3,000 Hectares of Philippine Land for Solar Projects	23-01-04	MT

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Company Profile

SP New Energy Corporation is a Philippines-based company, which primarily constructs, erects, assembles, commissions, operates and maintains power-generating plants, installations, shops, laboratories, pipelines, repair shops, electrical works, powerhouses, warehouses, terminals and related facilities for the conversion of renewable energy into usable form fit for electricity generation and distribution. The Company also promotes and undertakes research, development, utilization, manufacture, sale, marketing, distribution and commercial application of new, renewable, non-conventional and environment friendly energy sources and systems and of energy systems that use new, renewable and any energy resource applying energy conversion and/or utilization technologies for commercial application, and to perform other ancillary and incidental activities as may be provided by and under contract with the government of the Republic of the Philippines or any subdivision, instrumentality and others.

Sector

Electric Utilities

Calendar

2024-05-09 - Annual General Meeting

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Sector Solar Electric Ultilities

	1st Jan change	Capi.
SP NEW ENERGY CORPORATION	-24.24%	863M
WAAREE RENEWABLE TECHNOLOGIES LIMITED	+595.32%	3.28B
NYOCOR CO., LTD.	-5.56%	1.55B
O.Y. NOFAR ENERGY LTD	-5.05%	881M
ALTUS POWER, INC.	-46.12%	611M
ZHEJIANG SUNOREN SOLAR TECHNOLOGY CO.,LTD.	-25.22%	589M
J&V ENERGY TECHNOLOGY CO., LTD.	+58.03%	548M
SHANDONG HI-SPEED NEW ENERGY GROUP LIMITED	-10.19%	545M
MESHEK ENERGY - RENEWABLE ENERGIES LTD.	-21.96%	470M
JIAWEI RENEWABLE ENERGY CO., LTD.	-25.93%	417M