Morgan Stanley kept Hold on Grupo Mexico stock as Saavi deal added 4,510 MW

Published on 10/09/2026 at 15:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 35.00 percent to USD 5.72 billion in the second quarter of 2026. Grupo Mexico stock costs EUR 11.29 on October 9, 2026 after EUR 11.24, plus 0.44 percent.

Key points in brief

Morgan Stanley kept a Hold rating and set a MXN 236.00 price target on October 7, 2026.
Grupo Mexico completed a Saavi Energia transaction creating a 4,510 MW platform with a 70 percent stake.
Grupo Mexico stock was trading at EUR 11.29 at Lang & Schwarz on October 9, 2026, up 0.44 percent versus the prior close.

FEMSA, MXP370841019, Illustration mit AI erstellt.

Grupo Mexico stock was trading at EUR 11.29 at Lang & Schwarz on October 9, 2026 at 3:29 p.m. CEST, while Morgan Stanley kept a Hold rating and set a MXN 236.00 price target on October 7, 2026, according to Markets Insider. The analyst action came after Grupo Mexico completed its Saavi Energia transaction, which created a platform with 4,510 MW of installed capacity.

Three dated events shape the story

On April 24, 2026, Grupo Mexico declared a cash dividend of MXN 1.65 per share, according to Frontier. On September 14, 2026, the company completed the combination of its power assets with Saavi Energia and took a 70 percent stake in the new consortium, according to Sullivan and Cromwell. On October 7, 2026, Morgan Stanley maintained its Hold rating and set the MXN 236.00 target.

What does the Saavi deal add?

The transaction combines 14 facilities in high-demand Mexican regions and gives Grupo Mexico control of the new power-generation consortium. The installed capacity of 4,510 MW adds a second measurable growth platform beside the company's mining and transportation operations.

The structure also leaves Global Infrastructure Partners with a 30 percent stake. For investors, the key shift is the broader earnings mix: the deal increases exposure to electricity infrastructure while copper remains the main operating driver.

Second-quarter figures show the operating base

Revenue reached USD 5.72 billion in the second quarter of 2026, up 35.00 percent from USD 4.24 billion in the second quarter of 2025. Net profit rose to USD 2.20 billion from USD 1.23 billion, an increase of 78.50 percent, according to Frontier.

Frontier's analysis also reported second-quarter EBITDA of USD 3.69 billion, up 48.90 percent year over year. The comparison matters because the earnings increase was faster than revenue growth, although the report linked much of the expansion to metal prices rather than higher production volumes.

Next date and stock reference

Yahoo Finance listed October 20, 2026 as the estimated earnings date for Grupo Mexico, according to its quote page. The latest market snapshot leaves the stock at EUR 11.29 in trading at Lang & Schwarz on October 9, 2026, plus 0.44 percent versus the Lang & Schwarz prior close of EUR 11.24 on October 8, 2026.

The further course of trading is shown by the continuously updated real-time quote of Grupo Mexico stock.