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StockPursuit @Stock_Pursuit on x 22K followers
Created: 2025-07-26 19:17:03 UTC
Kenon Holdings Ltd. $KEN is an international power plant company many people may not be familiar with.
Even though they are headquartered overseas with a lot of business in Israel they have a XX% stake in subsidiary OPC Energy that does business in the U.S. Recent quarterly revenue from the U.S. was XX% of OPC's total revenue and growing.
OPC develops and operates mostly natural gas and also solar and wind power plants. They have built 15GW so far.
OPC Energy is active in the United States and reported record results in Q1 2025 with net profit of $XX million up from $X million in Q1 2024.
Kenon's revenue has grown consistently for years. I like the growth prospects, especially in the U.S. market obviously but my favorite angle on this one is the big XXX% TTM dividend yield.
They paid out a $XXX million cash dividend ($4.80 per share) in April 2025.
They have paid out dividends annually atleast the last X years or more. They are relatively steady (increasing the last X yrs) and with unusually large payments of $XXXXX per share in 2022 and $XXXXX in 2018.
We know GE Vernova $GEV had a fantastic quarter and Kenon is one of the companies buying their gas turbines. CPV intends to sign an agreement with GE Vernova for two of their H-class turbines for the project.
They are actively working with GE Vernova $GEV on a big Texas XXXX GW natural gas project that they have a XX% ownership of and GE Vernova 30%.
Kenon recently sold its remaining ZIM stake for $XXX million in 2025. So, they are flush with $XXX million in cash now.
Their CPV subsidiary increased its stake in CPV Shore to ~90%. Its Basin Ranch natural gas project (1.35 GW) in Texas was selected for a potential $X billion subsidized loan, with construction to start in the second half of this year.
They are buying back some stock with about XXXXXXX shares recently repurchased for $XX million.
$KEN stock has had very strong relative strength and is up about XX% in July and XX% the past year.
With the high dividend this is the kind of stock I like to throw in my Roth IRA. The stock has a low float of only XX million shares and trades kinda thin.
XXX engagements
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