Electricity Generating's Earnings Set to Benefit From Larger Stake in Linden Cogen Plant -- Market Talk

0719 GMT - Electricity Generating's earnings stand to benefit from its larger stake in the 980 megawatt Linden Cogen plant in the U.S., CGS International's Rasmiman Sermprasert says in a research report. The Thai independent power producer signed a purchase agreement this month to acquire an additional 12% stake that boosts its ownership to 50%, the analyst notes. This should be earnings accretive for Electricity Generating from 2027 as relevant U.S. regulatory approvals are expected to be obtained by early January 2027. The brokerage lifts its 2027 and 2028 EPS forecasts for Electricity Generating by 3% and 2%, respectively. It raises the stock's target price to 158.50 baht from 158.00 baht with an unchanged add rating. Shares are unchanged at 125.50 baht. (ronnie.harui@wsj.com)

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October 20, 2026 03:19 ET (07:19 GMT)