ACWA Power explores 4.5GW project while analysts target ACWA Power stock at SAR 142

Published on 10/20/2026 at 11:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net profit fell from SAR 909.00 million to SAR 653.00 million in 2026. ACWA Power stock has SAR 119.2 billion in value.

Project scale and earnings

The Mongolia memorandum dated October 14, 2026 targets 4.5 GW and 500 MWh.
First-half 2026 net income was SAR 653.00 million versus SAR 909.00 million a year earlier.
ACWA Power stock was trading at SAR 155.60 on Tadawul on October 20, 2026 at 11:16 a.m. CEST.
TickerLandia listed an average SAR 142.00 target from 8 analysts on October 18, 2026.

ACWA Power, SA15CGS10H12, Illustration mit AI erstellt.

ACWA Power (ISIN SA15CGS10H12) is assessing a 4.5 GW renewable-energy venture in Mongolia, alongside 500 MWh of battery storage, after a memorandum dated October 14, 2026. UAE-China Chamber of Commerce reported that the plan could support power exports to China. TickerLandia listed an average SAR 142.00 target from 8 analysts on October 18, 2026.

Three projects in twelve months

On October 4, 2026, ACWA Power reached financial close for the SAR 9.69 billion Rabigh 2 expansion, a 2,313.5 MW project in which it holds a 40.00 percent stake, according to Argaam. On October 9, 2026, the company entered a China renewable-energy partnership tied to a USD 30.00 billion deployment ambition by 2030. On October 14, 2026, the Mongolia memorandum set the 4.5 GW and 500 MWh targets, making it the latest dated project milestone.

What tests the valuation?

The earnings picture is the counterweight to the project pipeline. ACWA Power reported SAR 653.00 million in first-half 2026 net income, down from SAR 909.00 million in first-half 2025, while second-quarter revenue reached SAR 2.09 billion and diluted earnings per share were SAR 0.40. Those figures come from the company's latest reported interim period as summarized by Argaam. TickerLandia's SAR 142.00 average target sits below the October 20 quote of SAR 155.60, putting execution timing at the center of the valuation debate.

The next reporting date

The next scheduled quarterly results date is October 29, 2026, according to Investing.com. The report will offer the next numerical test of whether delayed project closings are timing effects or a broader drag on earnings.

Saudi quote and valuation

ACWA Power's latest reported market capitalization was SAR 119.2 billion as of October 20, 2026. The company operates in utilities and is listed on Tadawul under ticker 2082.

ACWA Power stock was trading at SAR 155.60 on Tadawul on October 20, 2026 at 11:16 a.m. CEST.