Which energy stocks should you watch? 8 top players in power plants this year

Finding the right energy stocks is not an easy task because this industry is volatile and depends on economic conditions and government policies. However, based on the latest six-month operational data, there are some power plant stocks showing outstanding potential. Take a look at an interesting portfolio for investors interested in energy stocks.

Why Power Plant Stocks Are Worth Following

Energy stocks are considered Defensive Stocks because electricity is a fundamental need for society, both in production and consumption. The continuous profit generation of companies in this sector is quite reliable.

Additionally, energy stocks benefit from the country’s power development plans (PDP) and renewable energy development plans (AEDP), which support long-term growth. The shift toward renewable energy presents opportunities to create additional value.

Notable Power Plant Stock Figures

8 Power Plant Stocks You Should Know

1. GULF - The Strong Player in Energy Stocks

Gulf Energy Development is a leading Thai energy company operating a comprehensive business portfolio, from power generation, natural gas, renewable energy, to utilities.

Key Figures:

• Current Price: 66.50 Baht
• 6-Month Revenue: 64,896.44 million Baht
• Net Profit: 8,239.79 million Baht
• YTD Performance: +54.49% (A Strong Performer This Year)

Gulf recently announced plans to invest over 90,000 million Baht in renewable energy projects over five years, along with establishing a NewCo and offering securities of ADVANCE and THCOM, marking significant expansion. Analysts estimate the stock price target to be between 49-68 Baht.

2. BANPU - A Regional Giant

Banpu Power is a global-quality power producer operating under the principle “Powering Society with Quality Megawatts,” with a network of 41 power plants across Thailand, Laos, China, Japan, Vietnam, Indonesia, Australia, and the US.

Key Figures:

• Current Price: 111.50 Baht
• 6-Month Revenue: 90,673.73 million Baht
• Net Profit: 2,488.71 million Baht
• YTD Performance: -5.88%

Currently, BANPU’s capacity based on investment is 3,656 MW, with renewable energy accounting for 11.20%. Analysts’ average target price is 6.75 Baht.

3. GPSC - Innovator in Energy

Global Power Synergy is a leading power producer focused on sustainable development, employing the 4S strategy in providing electricity, steam, industrial water, and other utilities.

Key Figures:

• Current Price: 46.25 Baht
• 6-Month Revenue: 48,426.98 million Baht
• Net Profit: 2,292.55 million Baht
• YTD Performance: -3.09%

Recently, GPSC secured a long-term loan of 7,000 million Baht from government and private banks, enabling the company to advance its Net Zero clean energy projects. Analysts’ target price is around 53.46 Baht.

4. BGRIM - Investors Focused on New Business Sectors

BGRIM emphasizes power generation from cogeneration and renewable energy, expanding into new sectors such as health, lifestyle, real estate, and digital technology.

Key Figures:

• Current Price: 23.40 Baht
• 6-Month Revenue: 28,344.78 million Baht
• Net Profit: 607.17 million Baht
• YTD Performance: -12.66%

BGRIM recently signed a solar power purchase agreement with the government, reaffirming its leadership in clean energy power generation. The analyst target price is 26.66 Baht.

5. EA - Electric Vehicle Pioneer

Energy Absolute focuses on developing clean energy and sustainable technology, from renewable and alternative energy to Li-ion batteries and electric vehicles.

Key Figures:

• Current Price: 7.80 Baht
• 6-Month Revenue: 10,368.81 million Baht
• Net Profit: 1,430.44 million Baht
• YTD Performance: -81.36%

EA is developing a Thai-made electric pickup truck suitable for business use and environmentally friendly. The analyst target price is 17.33 Baht.

( 6. SSP - Solar Energy Expert

Siam Solar Power is a leader in Thailand’s renewable energy sector, focusing on building a sustainable future through Solar Farms, Solar Rooftops, and various renewable power plants.

Key Figures:

• Current Price: 5.90 Baht
• 6-Month Revenue: 1,709.90 million Baht
• Net Profit: 326.89 million Baht
• YTD Performance: -25.62%

Tris Rating maintains an “BBB+” credit rating for SSP, reflecting strong financials and long-term growth potential. The company plans to expand its renewable power plants further. The analyst target price is 8.90 Baht, an increase of approximately 50.85%.

) 7. CKP - An Established Player Entering Energy Sector

CKP ###Ch. Karnchang(, originally known for construction, has expanded into power generation and sales, including hydro, cogeneration, and solar projects through six subsidiaries and joint ventures.

Key Figures:

• Current Price: 3.70 Baht
• 6-Month Revenue: 5,111.09 million Baht
• Net Profit: -387.05 million Baht )Still Negative###
• YTD Performance: +19.02%

Despite a net loss in the past six months, CKP has surged +19.02% since the beginning of the year. Analysts’ price range is 4.35-5.20 Baht.

( 8. GUNKUL - Innovation in Energy City Search

Gunkul Engineering has been developing renewable energy power projects from the start. Besides power generation and sales, the company is developing a Peer-to-Peer Energy Trading Platform via Gunkul Spectrum, an innovation in energy trading.

Key Figures:

• Current Price: 2.80 Baht
• 6-Month Revenue: 5,002.69 million Baht
• Net Profit: 761.43 million Baht
• YTD Performance: +2.86%

In the future, the Volt platform will play a key role, evolving from B2C services to a marketplace, with 9-10 energy products under development. The analyst target price is 3.76 Baht.

Types of Power Plant Stocks to Know

) Segmentation by Energy Source

Solar Power Stocks (Solar Power Stocks) - Symbols of clean energy and future profits

Hydropower Stocks ###Hydropower Stocks### - Popular in areas with abundant natural water sources

Natural Gas Power Stocks (Natural Gas Power Stocks) - Clean and highly efficient energy source

Nuclear Power Stocks (Nuclear Power Stocks) - Riskier but offers high returns

Other Renewable Energy Stocks (Renewable Energy Stocks) - Wind, biomass, wave, and other clean energy sources

( Segmentation by Capacity and Size

Large Private Power Plants )IPP( - Capacity over 90 MW

Medium Private Power Plants )SPP### - Capacity between 10-90 MW

Small Private Power Plants (VSPP) - Capacity less than 10 MW

Key Factors in Choosing Power Plant Stocks

Business Expansion Strategy - Check how the company plans to find partners, increase power plants, or expand internationally.

Industry Trends - Industry growth depends on the country’s electricity demand, which varies with economic conditions.

Government Policies - PDP (Power Development Plan) and AEDP (Alternative Energy Development Plan) shape the future direction of the power industry.

Power Purchase Agreements - Information on duration, revenue recognition, and revenue models are important indicators.

Why Invest in Power Plant Stocks

Generally Higher Returns Than Bank Deposits - Energy stocks carry risks like other stocks but tend to offer higher returns.

Consistent Profits - Rising electricity demand due to social development makes this business likely to generate high profits long-term.

Growth Opportunities - Companies can expand capacity and launch new projects to meet increasing demand.

Government Incentives - Sometimes, the government provides support to encourage investment in energy.

How to Buy Power Plant Stocks

( Method 1: Buy through Thai Brokers

For stocks listed on the Thai stock market like GULF, BGRIM, open an account with major securities firms such as Bualuang Securities, Kasikorn Securities, or Maybank Kim Eng Securities.

Popular trading programs include STREAMINGPRO and ASPEN. The minimum purchase is 100 shares.

Example: Buying 100 GULF shares at 50 Baht each requires 5,000 Baht. If the price rises to 55 Baht, profit is 500 Baht.

) Method 2: Trade CFDs with Foreign Brokers

Trading CFDs (Contract for Difference) offers more flexibility, allowing trading on both sides ###Long/Short### with leverage to increase position size.

Advantages:

• Trade both up and down markets
• Leverage allows smaller capital use and higher gains
• Diverse products (Stocks, Gold, Currencies, Indices)
• Real-time price data

CFD brokers like MiTrade provide services via website, mobile app, and desktop, with starting investments as low as ( and account opening in 3 minutes.

Summary

Analyzing these 8 power plant stocks shows that energy stocks are sustainable as Defensive Stocks because electricity is essential for society. The stability of energy supply is critically important.

Investing in these stocks not only diversifies your portfolio but also suits investors with limited risk tolerance seeking stable long-term returns.