--- title: "Kenon’s OPC Energy Posts Strong H1 2026 EBITDA After U.S. Portfolio Reclassification" type: "News" locale: "en" url: "https://longbridge.com/en/news/295699688.md" description: "Kenon Holdings reported strong H1 2026 results for its subsidiary OPC Energy, with consolidated EBITDA rising 26% to $255 million. This follows a presentation currency shift to the U.S. dollar and reclassification of U.S. retail activities into the Energy Transition segment. While adjusted net income more than doubled, free cash flow declined due to ongoing investment demands. TipRanks' AI analyst rates KEN stock as Neutral, citing improving growth offset by high leverage and valuation concerns." datetime: "2026-08-12T17:57:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295699688.md) - [en](https://longbridge.com/en/news/295699688.md) - [zh-HK](https://longbridge.com/zh-HK/news/295699688.md) generator: "portal-rs" --- # Kenon’s OPC Energy Posts Strong H1 2026 EBITDA After U.S. Portfolio Reclassification Kenon ( (KEN) ) has issued an update. On August 12, 2026, Kenon disclosed that its subsidiary OPC Energy filed its Hebrew-language periodic report for the six- and three-month periods ended June 30, 2026 with the Israeli Securities Authority and the Tel Aviv Stock Exchange. Kenon furnished English convenience translations of OPC’s board report and unaudited interim consolidated financial statements, noting that the original Hebrew versions remain the binding texts. The filings show OPC has shifted its presentation currency to the U.S. dollar from January 1, 2026 and reclassified U.S. retail electricity activities into its Energy Transition segment after acquiring full ownership of the Shore and Maryland plants in the second quarter. OPC reported strong operational momentum, with consolidated EBITDA after proportionate consolidation rising 26% to $255 million for the first half and 46% to $131 million in the second quarter, and adjusted net income more than doubling, underscoring improved performance across Israel and U.S. segments, though free cash flow fell year-on-year, highlighting continuing investment and financing demands for its growing portfolio. **Spark’s Take on KEN Stock** According to Spark, TipRanks’ AI Analyst, KEN is a Neutral. The score is driven mainly by moderate financial quality: improving TTM growth and positive earnings are offset by meaningful leverage and negative free cash flow. Technicals are supportive with a clear uptrend, while valuation is a headwind due to a very high P/E despite an attractive dividend yield. To see Spark’s full report on KEN stock, click here. **More about Kenon** Kenon Holdings Ltd. is a Singapore-based holding company that owns a controlling stake in OPC Energy Ltd., a publicly traded Israeli power producer. OPC operates generation assets and energy-transition activities in Israel and the U.S., including conventional and renewable plants and associated retail electricity operations, with results reported by segment across its Israeli and American portfolios. OPC’s business is increasingly focused on energy-transition assets in the U.S., where its CPV Group platform integrates generation with retail sales, and in Israel, where it runs gas-fired plants and supports emerging infrastructure such as data centers. The group reports in U.S. dollars from 2026 while maintaining shekel and dollar functional currencies in Israel and the U.S., respectively. **Average Trading Volume:** 25,218 **Technical Sentiment Signal:** Buy **Current Market Cap:** $3.35B ### Related Stocks - [KEN.US](https://longbridge.com/en/quote/KEN.US.md) ## Related News & Research - [Kenon Announces Receipt of approximately $93 million in connection with Payment of Arbitration Award by the Republic of Peru | KEN Stock News](https://longbridge.com/en/news/296368614.md) - [Kenon unit OPC Energy offers NIS 600 million Series E bonds on TASE](https://longbridge.com/en/news/295917305.md) - [AMG Critical Materials publishes investor presentation on energy-transition critical materials and advanced metallurgy technologies](https://longbridge.com/en/news/296555867.md) - [Who authorized Enchanted Rock? The $6 billion question that brought down Puerto Rico’s power deal](https://longbridge.com/en/news/296374094.md) - [One chart shows a big warning sign for the future of AI](https://longbridge.com/en/news/296329028.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**