Kenon (NYSE:KEN) Shares Gap Up - Here's Why

Key Points

• Shares gapped up: Kenon opened at $83.18 after closing at $79.94 and was last quoted around $84.40, with about 6,849 shares trading hands on the move.
• Analyst posture is cautious — Weiss Ratings reaffirmed a consensus Hold — while the company has a $4.38 billion market cap and a high P/E of 109.14 (50‑/200‑day moving averages: $76.03 / $61.38).
• Notable institutional activity: Clal Insurance increased its stake and investors including Bridgewater Associates and Norges Bank established new positions, with institutional ownership at about 13.38%.

Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $79.94, but opened at $83.18. Kenon shares last traded at $84.3960, with a volume of 6,849 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kenon in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

Kenon Stock Performance

The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 109.14 and a beta of 1.14. The firm's 50 day moving average is $76.03 and its 200-day moving average is $61.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.66 and a current ratio of 3.10.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sowell Financial Services LLC acquired a new stake in Kenon in the 3rd quarter worth approximately $1,318,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Kenon by 7.7% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,281,144 shares of the utilities provider's stock valued at $135,157,000 after purchasing an additional 234,166 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Kenon by 34.9% in the third quarter. Thrivent Financial for Lutherans now owns 26,391 shares of the utilities provider's stock worth $1,185,000 after buying an additional 6,822 shares during the last quarter. Norges Bank bought a new stake in shares of Kenon during the 4th quarter worth $903,000. Finally, Bridgewater Associates LP bought a new stake in shares of Kenon during the 4th quarter worth $600,000. Institutional investors and hedge funds own 13.38% of the company's stock.

About Kenon

Kenon Holdings Ltd. NYSE: KEN is a global investment holding company incorporated in Jersey, Channel Islands, with listings on the New York Stock Exchange and the Tel Aviv Stock Exchange. The company focuses on infrastructure and energy-related businesses, seeking to generate long-term value through stable cash flows and strategic growth. Kenon’s diversified portfolio spans power generation assets, midstream energy infrastructure and related services across multiple regions.

One of Kenon’s principal assets is QPI Ltd., an energy company based in Israel that owns and operates a combined-cycle, gas-fired power plant and an adjacent liquefied natural gas (LNG) import and regasification terminal at the Port of Ashdod.

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