Stock Analysis
- Saudi Arabia
- /
- Renewable Energy
- /
- SASE:2082
ACWA Power Second Quarter 2024 Earnings: EPS: ر.س0.86 (vs ر.س0.57 in 2Q 2023)
ACWA Power (TADAWUL:2082) Second Quarter 2024 Results
Key Financial Results
- Revenue: ر.س1.56b (up 11% from 2Q 2023).
- Net income: ر.س630.6m (up 50% from 2Q 2023).
- Profit margin: 40% (up from 30% in 2Q 2023). The increase in margin was primarily driven by higher revenue.
- EPS: ر.س0.86 (up from ر.س0.57 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ACWA Power Earnings Insights
Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Renewable Energy industry in Asia.
Performance of the market in Saudi Arabia.
The company's shares are up 1.2% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with ACWA Power.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About SASE:2082
ACWA Power
Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia and internationally.