SP New Energy (PSE:SPNEC) - Stock Price, News & Analysis

SPNEC Stock Overview

Produces electricity. More details

SPNEC fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	3/6
Financial Health	6/6
Dividends	0/6

Rewards

Became profitable this year

Risk Analysis

Shareholders have been diluted in the past year

SP New Energy Corporation Competitors

Repower Energy Development

PSE:REDC

₱3.3b

NexGen Energy

PSE:XG

₱3.0b

Raslag

PSE:ASLAG

₱1.5b

SG Mart

BSE:512329

₹44.1b

Price History & Performance

Summary of all time highs, changes and price drops for SP New Energy
Historical stock prices
Current Share Price	₱1.05
52 Week High	₱1.40
52 Week Low	₱0.89
Beta	0.88
11 Month Change	-13.93%
3 Month Change	0%
1 Year Change	n/a
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	3.96%

Recent updates

Shareholder Returns

	SPNEC	PH Renewable Energy	PH Market
7D	1.9%	1.1%	1.5%
1Y	n/a	-2.7%	15.9%

Return vs Industry: Insufficient data to determine how SPNEC performed against the PH Renewable Energy industry.

Return vs Market: Insufficient data to determine how SPNEC performed against the PH Market.

Price Volatility

Is SPNEC's price volatile compared to industry and market?
SPNEC volatility
SPNEC Average Weekly Movement	5.9%
Renewable Energy Industry Average Movement	5.0%
Market Average Movement	5.1%
10% most volatile stocks in PH Market	9.9%
10% least volatile stocks in PH Market	2.9%

Stable Share Price: SPNEC has not had significant price volatility in the past 3 months compared to the PH market.

Volatility Over Time: SPNEC's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2013	n/a	Emmanuel Rubio	spnec.ph

SP New Energy Corporation produces electricity. It develops solar farms. The company was formerly known as Solar Philippines Nueva Ecija Corporation and changed its name to SP New Energy Corporation in October 2022.

SP New Energy Corporation Fundamentals Summary

How do SP New Energy's earnings and revenue compare to its market cap?
SPNEC fundamental statistics
Market cap	₱52.08b
Earnings (TTM)	₱5.68b
Revenue (TTM)	₱1.29b

9.3x

P/E Ratio

40.8x

P/S Ratio

Is SPNEC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPNEC income statement (TTM)
Revenue	₱1.29b
Cost of Revenue	₱562.01m
Gross Profit	₱725.46m
Other Expenses	-₱4.96b
Earnings	₱5.68b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.11
Gross Margin	56.35%
Net Profit Margin	441.37%
Debt/Equity Ratio	6.7%

How did SPNEC perform over the long term?

See historical performance and comparison

SPNEC Stock Overview

Rewards

Risk Analysis

SP New Energy Corporation Competitors

PSE:REDC

₱3.3b

PSE:XG

₱3.0b

PSE:ASLAG

₱1.5b

BSE:512329

₹44.1b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: ₱0.005 loss per share (vs ₱0.001 loss in 3Q 2023)

Meralco PowerGen Corporation acquired 11.60% stake in SP New Energy Corporation (PSE:SPNEC) from Solar Philippines Power Project Holdings, Inc. for PHP 7.5 billion.

Investor sentiment improves as stock rises 22%

President recently bought ₱2.1m worth of stock

SP New Energy Corporation Announces the Resignation of Pedro Emilio O. Roxas as Independent Director

SP New Energy Corporation Announces Board and Committee Appointments

Recent updates

Third quarter 2024 earnings released: ₱0.005 loss per share (vs ₱0.001 loss in 3Q 2023)

Meralco PowerGen Corporation acquired 11.60% stake in SP New Energy Corporation (PSE:SPNEC) from Solar Philippines Power Project Holdings, Inc. for PHP 7.5 billion.

Investor sentiment improves as stock rises 22%

President recently bought ₱2.1m worth of stock

SP New Energy Corporation Announces the Resignation of Pedro Emilio O. Roxas as Independent Director

SP New Energy Corporation Announces Board and Committee Appointments

Director recently bought ₱3.0m worth of stock

SP New Energy Corporation, Annual General Meeting, May 10, 2024

SP New Energy Corporation Announces Board Changes

SP New Energy Corporation (PSE:SPNEC) acquired unknown stake in Terra Solar Philippines, Inc. from Prime Infrastructure Capital, Inc. for PHP 6 billion.

SP New Energy Corporation Elects Rochel Donato R. Gloria as A Member of the Board of Directors

SP New Energy Corporation Elects Rochel Donato R. Gloria as A Member of the Board of Directors

SP New Energy Corporation Appoints Rochel Donato R. Gloria as Chief Finance Officer

Less than half of directors are independent

SP New Energy Corporation announced that it expects to receive PHP 15.9 billion in funding from MGen Renewable Energy, Inc.

Solar Philippines Power Project Holdings, Inc. acquired additional 70.90847% stake in SP New Energy Corporation (PSE:SPNEC) for PHP 2.4 billion.

New major risk - Shareholder dilution

Solar Philippines Tarlac Corporation entered into an agreement to acquire 17 companies of SPPPHI.

Metro Pacific Investments Corporation (PSE:MPI) completed the acquisition of 16% stake in SP New Energy Corporation (PSE:SPNEC).

SP New Energy Corporation Announces Executive Changes

Director & Head of Controllership recently bought ₱1.2m worth of stock

Less than half of directors are independent

CIO, Chief Project Officer recently bought ₱1.2m worth of stock

CFO, Director & Treasurer recently bought ₱296k worth of stock

Solar Philippines Nueva Ecija Corporation Appoints Jesusa Loreto A. Arellano as Chief Financial Officer

Solar Philippines Nueva Ecija Corporation Appoints Jesusa Loreto A. Arellano as Chief Financial Officer

Solar Philippines Nueva Ecija Corporation, Annual General Meeting, Aug 30, 2022

Less than half of directors are independent

Solar Philippines Nueva Ecija Corporation Announces Executive Changes

Solar Philippines Nueva Ecija Corporation Begins Construction of the First Phase of Nueva Ecija Plant

Solar Philippines Nueva Ecija Corporation has completed an IPO in the amount of PHP 2.7 billion.

Shareholder Returns

Price Volatility

About the Company

SP New Energy Corporation Fundamentals Summary

9.3x

40.8x

Earnings & Revenue