Renewable energy stocks struggle to gain momentum

Jakarta – Shares of issuers with renewable energy businesses tended to end weak on Tuesday, October 15. Of the seven stocks listed on the Indonesia Stock Exchange, only one stock closed higher, while three stocks fell and three others stagnated.

Only PT Arkora Hydro Tbk (ARKO) shares closed higher in today’s trade, rising 1.71% to 1,190.

The shares of renewable energy issuers that closed in the red zone were PT Barito Renewables Energy Tbk (BREN), which fell 2.24% to 6,550, PT Semacom Integrated Tbk (SEMA), which weakened 2.02% to 97, and PT Kencana Energi Lestari Tbk (KEEN), which fell 1.44% to 685.

Meanwhile, the stocks that ended stagnant today were PT Maharaksa Biru Energi Tbk (OASA), PT Terregra Asia Energy Tbk (TGRA), and PT Pertamina Geothermal Energy Tbk (PGEO). (hs)

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