Media stories about Kenon (NYSE:KEN) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kenon earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 44.5599446001035 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Qoros sale reaps $200 million for Israeli billionaire (europe.autonews.com)
- Wall Street Firms Posting Gaps Up Today – ATUS, LBCC, USAU, MMAC, SLS, KEN, SMPL (fxpips.com)
- Chinese Tycoon Bails Out Israeli Investor in Qoros Carmaker (haaretz.com)
- Kenon soars on sale of control in Qoros (globes.co.il)
- Why Kenon Holdings Ltd(NYSE:KEN) is going gangbusters today (fxdailyreport.com)
Separately, ValuEngine cut Kenon from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd.
Kenon (NYSE:KEN) last released its quarterly earnings results on Monday, November 27th. The utilities provider reported ($0.43) EPS for the quarter. Kenon had a negative return on equity of 7.28% and a negative net margin of 3.75%.
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Kenon Holdings Ltd is a holding company that operates primarily growth-oriented businesses. The Company’s segments include I.C. Power Asia Development Ltd (IC Power), Qoros Automotive Co, Ltd. (Qoros) and Other. I.C. Power, through its subsidiary companies, is engaged in the production, operation and sale of electricity in the country Israel.
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