ACWA Power explores 4.5 GW Mongolia project. ACWA Power stock has SAR 121.0 billion value

Published on 10/19/2026 at 10:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ACWA Power's target fell from SAR 145.00 to SAR 142.00 on October 7, 2026. ACWA Power stock has a SAR 121.0 billion market value.

Mongolia project and valuation

ACWA Power explored a 4.5 GW Mongolia project on October 13, 2026.
Simply Wall St reported a target reduction from SAR 145.00 to SAR 142.00 on October 7, 2026.
ACWA Power had a SAR 121.0 billion market value as of October 19, 2026.

ACWA Power, SA15CGS10H12, Illustration mit AI erstellt.

ACWA Power (ISIN SA15CGS10H12) explored a 4.5 GW renewable-energy project in Mongolia for power exports to China, according to Argaam on October 13, 2026. ACWA Power stock was quoted at SAR 157.90 on Tadawul on October 19, 2026 at 10:09 a.m. CEST.

Mongolia adds a large project option

The Mongolia plan gives ACWA Power a potential renewable-power route linked to Chinese demand. The 4.5 GW capacity is the latest project figure attached to the company in the current news cycle.

The company also reported first-half 2026 net profit of SAR 653.2 million, while second-quarter net income was SAR 308.4 million, according to the earnings figures listed by Argaam. The first-half result puts the project pipeline beside a period of lower earnings conversion.

What changed in the target?

Simply Wall St reported on October 7, 2026 that analysts trimmed the ACWA Power target from SAR 145.00 to SAR 142.00. The change reflects revised assumptions for discount rates, revenue growth, profit margins and the future P/E multiple.

Three dated developments

On September 22, 2026, ACWA Power received an initial commercial operation certificate for Qassim 1 units covering 1,283 MW of a planned 1,896 MW, as reported by Simply Wall St. On October 7, 2026, the target moved from SAR 145.00 to SAR 142.00. On October 13, 2026, Argaam listed the 4.5 GW Mongolia project.

Next reporting date

Investing.com lists October 29, 2026 as the next reporting date for ACWA Power. That date will put the first-half profit of SAR 653.2 million alongside the next quarterly update.

What the valuation shows

ACWA Power's market capitalization was SAR 121.0 billion as of October 19, 2026, while the Tadawul 52-week range was SAR 149.40 to SAR 252.60. The current quote therefore sits above the yearly low and below the yearly high, leaving project execution and earnings conversion as the measurable points for the next report.