Analysts trim ACWA Power stock target to SAR 142

Published on 10/14/2026 at 17:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ACWA Power chairman cites 20.00 percent lower renewable costs on October 14. Target for ACWA Power stock is SAR 142 after SAR 145.

Projects and earnings calendar

Analysts reduced the ACWA Power target from SAR 145 to SAR 142 on October 7, 2026.
Renewable power with storage was described as 20.00 percent cheaper than gas generation on October 14, 2026.
ACWA Power reported SAR 653.20 million in net income for the first half of 2026.
The next earnings date is November 3, 2026.

ACWA Power, SA15CGS10H12, Illustration mit AI erstellt.

Analysts cut the ACWA Power target from SAR 145 to SAR 142 on October 7, 2026, according to Simply Wall St. The revision puts valuation and execution risk alongside a fresh statement from ACWA Power chairman Mohammad Abunayyan on renewable power economics.

Three dated signals for ACWA Power

On August 6, 2026, ACWA Power reported SAR 653.20 million in net income for the first half of 2026, according to Argaam.

On September 22, 2026, the company received an initial commercial operation certificate covering 1,283 MW at the Qassim 1 project, according to Simply Wall St. On October 14, 2026, TradingView reported that Abunayyan said renewable energy combined with battery storage was 20.00 percent cheaper than conventional gas-fired generation at international gas prices.

What does the target cut mean?

The SAR 3.00 reduction from SAR 145 to SAR 142 is a 2.07 percent cut. The change matters because ACWA Power's reported first-half net income of SAR 653.20 million was 28.00 percent below the comparable prior-year figure cited in the recent company coverage, while operating cash flow reached SAR 885.00 million.

The project pipeline remains the counterweight. Qassim 1's certified initial capacity of 1,283 MW adds an operating milestone, while the chairman's cost comparison supports the strategic case for combining renewable generation with storage.

Next earnings date is November 3

Dagens Aktie lists November 3, 2026 as the next reporting date and estimates second-quarter-style revenue of SAR 2.38 billion for the upcoming report. That date gives investors the next scheduled checkpoint for project execution and earnings conversion.

Tadawul price and company value

ACWA Power was trading at SAR 160.10 on Tadawul on October 14, 2026 at 3:19 p.m. AST. Its market capitalization was SAR 122.7 billion, while the 52-week range stood at SAR 149.40 to SAR 252.60 on the same date.

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