Report
EUR 13.79 For Business Accounts Only

A double requalification allows FIRST GEN to improve to Positive

FIRST GEN (PH), a company active in the Conventional Electricity industry, has received a double requalification by the independent financial analyst theScreener. Its fundamental valuation is now 3 out of 4 stars while its market behaviour can be considered as defensive. theScreener believes that the gain of a star(s) and an improvement in the market risk perception allows upgrading the general evaluation to Positive. As of the analysis date February 25, 2022, the closing price was PHP 27.15 and its potential was estimated at PHP 31.24.
Underlying
First Gen Corp

First Gen provides natural gas energy, with portfolio covers natural gas, geothermal, hydro, and wind. Co.'s segments include: First Gas Power Corporation, which operates the 1,000 megawatt combined cycle, natural gas-fired Santa Rita power plant; FGP Corp., which operates the 500 megawatt combined cycle, natural gas-fired San Lorenzo power plant; Energy Development Corporation (EDC) and subsidiaries, which holds service contracts corresponding to around 14 geothermal contract areas each granting EDC exclusive rights to explore, develop, and utilize the corresponding resources in the relevant contract area; and First Gen Hydro Power Corporation, which operates the 132 megawatt PAHEP/MAHEP.

Provider
TheScreener
TheScreener

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