FGEN PM - Avoid the deal given the tight spread and capacity execution risks
We would avoid the deal given: The deal doesn't score well on our Momentum-Adjusted Deal Stag Framework on Track record (has under-performed peers...
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First Gen (FGEN PM)
First Gen (FGEN PM)
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Analysis
Utilities • Philippines
First Gen Corporation is an independent electric utility company in the Philippines, primarily involved in power generation and distribution. The company operates a diverse portfolio of power plants utilizing natural gas, geothermal, hydro, solar, and wind energy sources. Headquartered in Pasig, Philippines, the company was founded in 1993.
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