KEGN - KenGen Plc

Apr 19, 2024 at 12:39 Twitter · Facebook

KEGN share price on Nairobi Securities Exchange

Kenya Electricity Generating Company Plc, commonly abbreviated as KenGen, is the leading electric power generating company in East Africa. The company is engaged in the business of developing, managing, and operating power generation plants to supply electric power to the Kenyan market. Incorporated in 1954 under the Kenyan Companies Act, the Government sold 30% of its stake following a successful Initial Public Offer. Subsequently, KenGen was listed on the Nairobi Securities Exchange (NSE). Over the years, the company has continued to increase shareholder value through profitability and maintaining a sustainable growth path.

KenGen operates in four generation modes: Hydro, Geothermal, Thermal, and Wind. It develops 700 megawatts of geothermal power, two wind farms in Ngong and Meru with a total capacity of 120.4 megawatts, liquefied natural gas (LNG) fired plants and coal fired plants. KenGen owns 14 hydro power plants with a combined capacity of 820 megawatts, five thermal power plants with a capacity of 256 megawatts, four geothermal power plants generating 158 megawatts, and one wind farm generating 5.1 megawatts. Its Horizon I project includes Sondu Miriu hydro project, Olkaria II 3rd Unit, Ngong Wind-Phase I, Kipevu III, and Redevelopment of Tana.

KenGen Plc is listed on the Nairobi Securities Exchange (NSE). KenGen is traded on the NSE under the ticker symbol “KEGN”. The International Securities Identification Number (ISIN) of NSE:KEGN is KE0000000547. KenGen Plc is currently the 16th most valuable stock on the NSE with a market capitalization of KES 14.6 billion, which makes about 0.872% of the Nairobi Securities Exchange equity market.

KEGN Stock Market Performance

The current share price of KenGen Plc (KEGN) is KES 2.21. KEGN closed its last trading day (Friday, April 19, 2024) at 2.21 KES per share on the Nairobi Securities Exchange (NSE), recording a 0.9% drop from its previous closing price of 2.23 KES. KenGen began the year with a share price of 2.01 KES and has since gained 9.95% on that price valuation, ranking it 22nd on the NSE in terms of year-to-date performance. Shareholders can be optimistic about KEGN knowing the stock has accrued 11% over the past four-week period—eighth best on NSE.

KenGen is the second most traded stock on the Nairobi Securities Exchange over the past three months (Jan 19 - Apr 19, 2024). KEGN has traded a total volume of 142 million shares—in 5,851 deals—valued at KES 300 million over the period, with an average of 2.25 million traded shares per session. A volume high of 48.5 million was achieved on March 26th, and a low of 29,600 on March 12th, for the same period. The table below details the last 10 trading days of activity of KenGen on the Nairobi Securities Exchange.

Profile of Kenya Electricity Generating Company Plc

Kenya Electricity Generating Company Plc was founded on February 1, 1954 and operates in the Utilities sector, specifically, the Electricity industry. Kenya Electricity Generating Company contracts an estimated total number of 2,500 employees.

KEGN Industrial Market Competitors

Kenya Electricity Generating Company Plc, issuers of the KEGN stock on the Nairobi Securities Exchange, have four market competitors who are also engaged in the Utilities sector and/or Electricity industry. The table below presents an overview of their market standing.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange