Bottom Line: Lower to complete wave 4

Kenya Electricity Generating Company PLC, widely known as KenGen, is the largest electric power producer in Kenya and a cornerstone of the national energy sector..

KenGen’s G2G 2034 Strategy emphasises renewable energy growth (geothermal, hydro, solar) and diversification of revenue streams. Key projects in the pipeline include:

  • 63 MW Olkaria I rehabilitation

  • 42.5 MW Seven Forks Solar Project

  • Additional hydro upgrades and regional expansion initiatives.

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01/09/2026 10:49EST (Last Price 9.76):

Favouring that wave 3 is complete at 9.77, the 1.618 Fibonacci level of wave 1. We anticipate some weakness for wave 4 possibly testing the previous resistance turned support at 7.