ACWA Power Company (TADAWUL: 2082)

Saudi Arabia flag Saudi Arabia · Delayed Price · Currency is SAR
422.00
-13.20 (-3.03%)
Jan 21, 2025, 2:57 PM AST
69.14%
Market Cap 318.81B
Revenue (ttm) 6.37B
Net Income (ttm) 1.83B
Shares Out 732.56M
EPS (ttm) 2.50
PE Ratio 173.95
Forward PE 147.52
Dividend 0.45 (0.10%)
Ex-Dividend Date Apr 30, 2024
Volume 201,958
Average Volume 120,848
Open 436.80
Previous Close 435.20
Day's Range 420.20 - 438.80
52-Week Range 236.13 - 500.80
Beta 0.14
RSI 60.59
Earnings Date Feb 27, 2025

About ACWA Power Company

ACWA Power Company, together with its subsidiaries, engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia and internationally. It operates through Thermal and Water Desalination; Renewables; and Others segments. The company also sells electricity, desalinated water, and green hydrogen and/or green ammonia; installs, maintains, and operates contracting of electricity generation, and desalination plants; provides financial adv... [Read more]

Industry Independent Power Producers
Sector Utilities
Founded 2004
Employees 3,538
Stock Exchange Saudi Stock Exchange
Ticker Symbol 2082
Full Company Profile

Financial Performance

In 2023, ACWA Power Company's revenue was 6.10 billion, an increase of 15.52% compared to the previous year's 5.28 billion. Earnings were 1.66 billion, an increase of 7.90%.

Financial Statements

News

ACWA Power to build and operate 1,000MW solar power plant in Iraq

The plant will be based in Najaf province

13 days ago - Zawya

VIDEO: Saudi's ACWA Power secures $692mln for wind power plant in Egypt

ACWA Power Co. has secured funding of 2.6 billion Saudi riyals ($692.05 million) for a 1,100 megawatt (MW) wind power plant in Suez, Egypt

19 days ago - Zawya

ACWA Power secures $702mln for Egypt wind farm

ACWA Power holds a 70% stake in the project, which has a total investment cost of SAR 4.13 billion

21 days ago - Zawya

ACWA Power enters China with more than 1,000 MW renewable projects

The Saudi-listed company is in advanced stages of completing these investments

21 days ago - Zawya

Saudi-based Acwa Power's Uzbek plant set for full commercial operation

The 1,500MW plant located at Shirin City in the Sirdarya region, is now in full operation

22 days ago - Zawya

ACWA power tells Saudi bourse it will raise capital

Capital will rise by $1.8bln

4 weeks ago - Zawya

SWPC announces preferred bidder for 600,000 m3/day Jubail 4 and Jubail 6 IWP

Consortium of ACWA Power, HAACO and AlSharif Contracting and Commercial Development appointed preferred bidder for the desalination project

5 weeks ago - Zawya

ACWA Power plans to invest $50bln in China by 2030: Report

Company to reach 1.3 GW of renewable energy capacity by end-2024

6 weeks ago - Zawya

ACWA Power CEO says it's on track to triple the company's size by 2030

Marco Arcelli, CEO of ACWA Power, speaks to CNBC at the Saudi Green Initiative in Riyadh about the company's growth plans.

7 weeks ago - CNBC

SEC, Acwa Power, Kepco sign $4bln Saudi power purchase deal

These projects symbolise Saudi Arabias commitment to sustainable energy practices and its vision of creating a cleaner, more resilient energy landscape

2 months ago - Zawya

ACWA Power signs PPA for $4bln gas power plants in Saudi Arabia

Al-Rumaih-1 and Al-Nairyah-1 plants are located in Riyadh and the Eastern Province respectively

2 months ago - Zawya

Masdar, SOCAR, ACWA Power partner on 3.5 GW offshore wind projects in Azerbaijan

The agreement supports plans by Azerbaijan to develop renewable energy, green hydrogen and water desalination projects

2 months ago - Arabian Business

Masdar, SOCAR Green and ACWA Power sign MoU

To Explore the Development of 3.5GW of Offshore Wind Projects in the Republic of Azerbaijan

2 months ago - Zawya

ACWA Power secures $238mln for Azerbaijan wind farm project

The funding has been provided by EBRD and OPEC Fund

2 months ago - Zawya

ACWA Power starts commercial operations at Al Shuaibah 1 solar PV plant

Impact will be reflected in Q4 2024 financials

2 months ago - Zawya

ACWA Power announces its financial results

For the three and nine months period ended 30 September 2024

2 months ago - Zawya

Saudis ACWA Power says 26 projects ongoing, sets 20-year record

The company continues to add new projects to fuel its growth, says CEO

2 months ago - Zawya

Finding scale in Africa a challenge for Saudi renewables investor

Marco Arcelli, CEO of ACWA Power, says that bigger African countries are proving more viable for large-scale renewables investments.

2 months ago - African Business

Scaling renewables in Africa a challenge, says Saudi investor

Marco Arcelli, CEO of ACWA Power, says that bigger African countries are proving more viable for large-scale renewables investments.

2 months ago - African Business

ACWA Power's wind farm to power Gotion High-Tech's Morocco gigafactory - report

$1.6bln EV battery plant to start operations in 2026

2 months ago - Zawya

Iraq in talks with ACWA Power to finalise 1GW solar power project

Technical committee working to clear obstacles

2 months ago - Zawya

ACWA Power announces financial closing for aggregate USD 62mln for Nukus 1 wind project at FII8

ACWA Power has announced financial close for the Nukus 1 Wind Project in Uzbekistan on the third day of FII8

2 months ago - Zawya

Saudi's ACWA Power signs 4 pacts worth $1.8bln for green energy projects

The agreements include projects in GCC, China, Central Asia and North Africa

2 months ago - Zawya

ACWA Power signs over $1.78bln of deals in renewable energy, battery projects

The agreements, signed during the Future Investment Initiative conference in Riyadh

2 months ago - Zawya