ACWA Power stock trades at SAR 169.50 as projects expand

Published on 10/08/2026 at 09:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ACWA Power stock was at SAR 169.50 on October 8, 2026, while second-quarter net income reached SAR 308.4 million. Seven analysts set a Sell consensus.

ACWA Power, SA15CGS10H12, Illustration mit AI erstellt.

ACWA Power (ISIN SA15CGS10H12) stock was trading at SAR 169.50 on Tadawul on October 8, 2026, at 10:26 a.m. AST, down 0.94 percent from the prior close. The company combines a softer quarterly earnings comparison with a project pipeline that continues to expand across power and water infrastructure.

Quarterly profit sets the tone

Argaam reported that ACWA Power's second-quarter 2026 net income was SAR 308.4 million, compared with SAR 344.8 million in the first quarter. That represents a 10.5 percent sequential decline, while the first-half total reached SAR 653.2 million.

The quarterly comparison matters because the business is capital intensive. ACWA Power's second-quarter revenue was SAR 2.086 billion, versus SAR 2.100 billion in the first quarter, according to the same H1 2026 earnings overview published by Argaam.

Renewables add project scale

Gulf Construction reported on October 8, 2026, that ACWA Power and partners reached financial close on seven Saudi renewable projects with a total investment value of USD 8.2 billion and combined capacity of 15 GW. The portfolio includes five solar projects and two wind projects.

The projects are scheduled for operation between the second half of 2027 and the first half of 2028, linking the current funding milestone to future generation capacity. A separate financial close for the SAR 9.69 billion Rabigh 2 expansion gives ACWA Power a 40 percent stake in a 2,313.5 MW project, with financial impact expected from Q2 2029, according to Gulf Construction.

Analysts remain cautious

Investing.com listed seven analysts with zero Buy, two Hold and five Sell ratings, producing an overall Sell consensus and an average 12-month price target of SAR 142.00. The target is below the current Tadawul price, making valuation the main counterweight to ACWA Power's project expansion.

Technical readings on October 7 also showed the stock below its short, medium and long moving averages, while the 52-week range extended from SAR 149.40 to SAR 252.60. The current quote therefore sits above the yearly low but well below the yearly high.

ACWA Power stock stays below SAR 170

ACWA Power stock was last at SAR 169.50 on Tadawul on October 8, 2026, at 10:26 a.m. AST, with volume of 28,706 shares. The market value of the project pipeline now has to be weighed against the 10.5 percent sequential decline in second-quarter net income and the cautious analyst consensus.