Kenon Holdings: Bullish Freight Rate Trends, Eyeing Momentum [Seeking Alpha]
Kenon Holdings Ltd. Ordinary Shares (KEN)
US:NYSE Investor Relations:
kenon-holdings.com/investor-relations.aspx
Company Research
Source: Seeking Alpha
Ongoing tensions in the Gaza Strip pose challenges for firms with assets and operations in the region, though longer-term infrastructure tailwinds could come about. Kenon Holdings has potential upside, but improved earnings and technical evidence of a reversal are needed. With earnings due out later this month, I highlight key price levels to monitor. Global shipping rates surged at the end of 2023. The Drewry World Container Index (WCI) jumped from under 1,500 to near 4,000 over just a handful of weeks. While there has been a pullback in the composite index of 6% to $3,287 per 40ft container this past week, the index increased by 82% when compared with the same week last year, according to Drewry. That is a favorable setup for container liners able to charge higher rates. Still, ongoing tensions along the Gaza Strip remain headwinds for firms with assets and operations in that region. Longer term, companies positioned to offer infrastructure rebuild assistance in Israel may
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High impacting Kenon Holdings Ltd. Ordinary Shares news events
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KEN
News
- Kenon Holdings Ltd. (NYSE: KEN) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Kenon Holdings Ltd. (NYSE: KEN) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Kenon Holdings Reports Full Year 2023 Results and Additional Updates [Yahoo! Finance]Yahoo! Finance
- Kenon Holdings Reports Full Year 2023 Results and Additional UpdatesPR Newswire
KEN
Sec Filings
- 4/18/24 - Form 6-K
- 4/17/24 - Form 6-K
- 4/16/24 - Form 6-K
- KEN's page on the SEC website