Analysts cut target for ACWA Power stock to SAR 142.00

Published on 10/13/2026 at 13:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 net income was SAR 308.40 million. ACWA Power stock was SAR 163.60 on October 13, 2026, down 0.24 percent versus SAR 164.00.

On October 7, 2026, analysts cut the ACWA Power target from SAR 145.00 to SAR 142.00.
Second-quarter 2026 net income was SAR 308.40 million, 10.55 percent below the first quarter.
ACWA Power stock was SAR 163.60 on October 13, 2026 at 2:18 p.m. AST, down 0.24 percent versus the Tadawul prior close of SAR 164.00.
The stock carried a P/E ratio of 78.65 and a market capitalization of SAR 125.3 billion.

ACWA Power, SA15CGS10H12, Illustration mit AI erstellt.

Analysts trimmed their ACWA Power target from SAR 145.00 to SAR 142.00 on October 7, 2026, according to Simply Wall St. At SAR 163.60, the target sits 13.20 percent below the Tadawul price, putting the valuation gap at the center of the market discussion.

Profit falls in the second quarter

ACWA Power reported net income of SAR 308.40 million for the second quarter of 2026. The figure was 10.55 percent below SAR 344.80 million in the first quarter, a sequential comparison that puts earnings conversion ahead of the longer-term project pipeline.

For the first half of 2026, net income reached SAR 653.20 million, according to Argaam. The half-year figure gives investors a broader earnings reference than the quarterly result alone, while the lower second-quarter contribution shows why the SAR 142.00 target remains a relevant valuation marker.

Stock stays above its yearly low

ACWA Power was trading at SAR 163.60 on Tadawul on October 13, 2026 at 2:18 p.m. AST, down 0.24 percent from the SAR 164.00 prior close. The price stood above the 52-week low of SAR 149.40 and below the 52-week high of SAR 252.60.

The distance to the 52-week high was 35.23 percent, while the price was 9.51 percent above the yearly low. The market capitalization was SAR 125.3 billion, and reported volume was 123,241 shares against an average volume of 289,439 shares.

Valuation remains the key counterweight

The finance profile places ACWA Power in Utilities and Diversified Utilities. Its P/E ratio was 78.65 on October 13, 2026, a multiple that leaves the SAR 142.00 analyst target as a concrete counterpoint to the current share price.

The wider Saudi market also weakened in the latest completed session. Arab News reported that the Tadawul All Share Index closed at 10,283.96 on October 12, 2026, down 0.74 percent.

Comparison with peers

ACWA Power (Tadawul, SAR): minus 0.24 percent, P/E 78.65, market capitalization SAR 125.3 billion
Saudi Electricity Company (Tadawul, SAR): plus 0.19 percent, P/E 4.85, market capitalization SAR 64.7 billion
TASI (Tadawul, SAR): minus 0.74 percent, level 10,283.96

Current Tadawul quote

ACWA Power was trading at SAR 163.60 on Tadawul on October 13, 2026 at 2:18 p.m. AST, down 0.24 percent versus the Tadawul prior close of SAR 164.00. The price, the SAR 142.00 target and the 78.65 P/E ratio leave earnings delivery as the clearest valuation reference.