ACWA Power explores 4.5GW Mongolia project: target for ACWA Power stock is SAR 142

Published on 10/21/2026 at 10:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ACWA Power signed a 4.5GW Mongolia memorandum on October 14, 2026. The average target for ACWA Power stock is SAR 142.

Growth plans and earnings

ACWA Power signed a 4.5GW Mongolia memorandum with Sun Steppe Power on October 14, 2026.
First-half 2026 net profit stood at SAR 653.20 million versus SAR 909.00 million previously.
The average analyst target is SAR 142.00, according to TickerLandia.
ACWA Power is scheduled to report quarterly results on November 5, 2026.

ACWA Power, SA15CGS10H12, Illustration mit AI erstellt.

ACWA Power (ISIN SA15CGS10H12) signed a memorandum for a 4.5GW renewable-energy project in Mongolia on October 14, 2026. The framework also includes 500MWh of battery storage, according to GDNonline. TickerLandia lists an average analyst target of SAR 142.00 for ACWA Power stock.

Three dated project milestones

ACWA Power's recent expansion story combines operating assets with new development options. On August 6, 2026, first-half net profit stood at SAR 653.20 million, compared with SAR 909.00 million in the prior-year period, while revenue reached SAR 4.03 billion, according to Argaam.

On October 9, 2026, ACWA Power's partnership activity in China was described as supporting a potential USD 30 billion deployment target by 2030. The same update cited a Mongolian renewable portfolio totaling 570MW, according to UAE-China Chamber of Commerce. The October 14 memorandum then set out the larger 4.5GW concept with Sun Steppe Power.

What does 4.5GW mean for earnings?

The project is currently an evaluation framework covering generation, storage, transmission and export infrastructure. Its earnings impact therefore depends on later development and financing decisions rather than the memorandum itself. That distinction matters because the SAR 653.20 million first-half profit was reported alongside revenue of SAR 4.03 billion, giving investors a clear operating baseline before any future Mongolian contribution.

Next reporting date

TickerLandia identifies November 5, 2026, as the next quarterly-results date. The upcoming report will give investors a fresh measure of revenue, profit and project execution after the October expansion announcements.

Saudi valuation remains the counterpoint

ACWA Power's latest quoted Tadawul price was SAR 154.80 on October 21, 2026, at 10:49 a.m. AST. The finance snapshot also placed market capitalization at SAR 118.6 billion and the 52-week range at SAR 149.40 to SAR 250.00. The SAR 142.00 average target listed by TickerLandia sits below that quoted level, keeping valuation and execution central to the stock discussion.