SP New Energy Corp (SPNEC)

Philippines
1.68
-0.02(-1.18%)
  • Volume:
    25,134,000
  • Bid/Ask:
    1.68/1.69
  • Day's Range:
    1.67 - 1.71

SPNEC Overview

Prev. Close
1.7
Day's Range
1.67-1.71
Revenue
-
Open
1.7
52 wk Range
0.99-1.97
EPS
-0.006
Volume
25,134,000
Market Cap
16.8B
Dividend (Yield)
N/A
(N/A)
Average Volume (3m)
39,136,710
P/E Ratio
-166.74
Beta
0.791
1-Year Change
-10.59%
Shares Outstanding
10,000,000,000
Next Earnings Date
-
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SP New Energy Corp Company Profile

SP New Energy Corp Company Profile

SP New Energy Corporation, formerly Solar Philippines Nueva Ecija Corporation (SPNEC), is a renewable energy power generation company. The Company is engaged in developing up to 500 mega-watt, direct current (MWdc) solar power plant in barangays Las Pinas and Sinasajan, Penaranda, Nueva Ecija (Project). It builds solar farms using technologies that raise output over time coupled with battery storage to produce a source of electricity for Central Luzon. It is developing the first phase of the Project, a 225 MWdc solar power plant to which it received local government unit (LGU) endorsements. It is targeting to sell power to distribution utilities, retail electricity suppliers, and/or the wholesale electricity spot market by connecting the Project to the grid via the National Grid Corporation of the Philippines (NGCP) Cabanatuan Substation. SPNEC's product is electricity generated from its solar plant and sold through bilateral contracts with its customers or directly to the spot market.

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