SP New Energy Corp. Stock Analysis SPNEC.PM

SP New Energy Corp. is a solar company, which engages in the provision of financing, custom engineering, and installation. The firm is primarily engaged in the construction, operation, and maintenance of all types of renewable energy plants, including solar, wind, water, heat, steam, ocean, tidal, biomass, and biogas. The company is also involved in installations, shops, laboratories, pipelines, repair shops, electrical works, powerhouses, warehouses, terminals, and related facilities for the conversion of renewable energy into usable forms fit for electricity generation and distribution. Its segments include SPNEC, SP Calatagan, SP Tarlac, and Others. The company builds solar farms using technology and couples them with battery storage to produce electricity for Central Luzon. The firm is engaged in developing up to a 500-megawatt solar power plant in Barangay Las Pinas, Sinasajan, and Penaranda, Nueva Ecija. Its subsidiaries include Solar Philippines Tarlac Corporation (SP Tarlac) and Terra Solar Philippines, Inc. (Terra Solar).