Citicore Renewable Energy Remains Most Scalable Renewable Growth Play in Philippines -- Market Talk

Dow Jones

Apr 22, 2025

0738 GMT - Citicore Renewable Energy remains the most scalable renewable-energy growth play in the Philippines, Maybank Securities analyst Germaine Guinto says in a research report as the brokerage reiterates the stock's buy rating. Citicore Renewable Energy's fully integrated business model, healthy offtake pipeline and progress on project execution drives the brokerage's confidence in the Philippine company's sustained earnings delivery over next few years. However, the brokerage cuts its 2025 earnings forecast for the company by 64% to reflect updated energization timelines for the renewable energy developer and operator's plants, resulting in a lower target price of PHP4.30 versus PHP4.50 previously. Shares are 0.3% lower at PHP3.79. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 22, 2025 03:38 ET (07:38 GMT)

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Citicore Renewable Energy's fully integrated business model, healthy offtake pipeline and progress on project execution drives the brokerage's confidence in the Philippine company's sustained earnings delivery over next few years. However, the brokerage cuts its 2025 earnings forecast for the company by 64% to reflect updated energization timelines for the renewable energy developer and operator's plants, resulting in a lower target price of PHP4.30 versus PHP4.50 previously. Shares are 0.3% lower at PHP3.79. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 22, 2025 03:38 ET (07:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citicore Renewable Energy Remains Most Scalable Renewable Growth Play in Philippines -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiticore Renewable Energy Remains Most Scalable Renewable Growth Play in Philippines -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-22 15:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0738 GMT - Citicore Renewable Energy remains the most scalable renewable-energy growth play in the Philippines, Maybank Securities analyst Germaine Guinto says in a research report as the brokerage reiterates the stock's buy rating. Citicore Renewable Energy's fully integrated business model, healthy offtake pipeline and progress on project execution drives the brokerage's confidence in the Philippine company's sustained earnings delivery over next few years. However, the brokerage cuts its 2025 earnings forecast for the company by 64% to reflect updated energization timelines for the renewable energy developer and operator's plants, resulting in a lower target price of PHP4.30 versus PHP4.50 previously. Shares are 0.3% lower at PHP3.79. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 22, 2025 03:38 ET (07:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"5AL.SI","symbol_name":"安尼卡","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2529345705","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529345705","pubTimestamp":1745307480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0738 GMT - Citicore Renewable Energy remains the most scalable renewable-energy growth play in the Philippines, Maybank Securities analyst Germaine Guinto says in a research report as the brokerage reiterates the stock's buy rating. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"5AL.SI":"安尼卡"},"translate_title":"花旗可再生能源仍然是菲律宾最具可扩展性的可再生能源增长业务——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5AL.SI":1},"content_text":"0738 GMT - Citicore Renewable Energy remains the most scalable renewable-energy growth play in the Philippines, Maybank Securities analyst Germaine Guinto says in a research report as the brokerage reiterates the stock's buy rating. Citicore Renewable Energy's fully integrated business model, healthy offtake pipeline and progress on project execution drives the brokerage's confidence in the Philippine company's sustained earnings delivery over next few years. However, the brokerage cuts its 2025 earnings forecast for the company by 64% to reflect updated energization timelines for the renewable energy developer and operator's plants, resulting in a lower target price of PHP4.30 versus PHP4.50 previously. Shares are 0.3% lower at PHP3.79. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 22, 2025 03:38 ET (07:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}