First Gen stock | 2026 rating, price & analyst opinions

First Gen

PSE:FGEN

Php 16,84

Php-0,34 (-1,98%)

16,84 Php

Php-0,34 (-1,98%)

End-of-day quote: 04/27/2026

First Gen Stock Value

The current analyst recommendation for First Gen is: Hold.

Hold

First Gen Company Info

EPS Growth 5Y

0,88%

Market Cap

Php60,57 B

Long-Term Debt

Php96,38 B

Quarterly earnings

04/04/2026

Dividend

Php0,78

Dividend Yield

4,66%

Founded

1993

Industry

Utilities

Country

Philippines

Website

First Gen

ISIN Number

PHY2518H1143

Website

http://www.firstgen.com.ph

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Php30,60

81.71%

Last Update: 04/28/2026

Analysts: 2

Highest Price Target Php43,15

Average Price Target Php30,60

Lowest Price Target Php18,05

In the last five quarters, First Gen’s Price Target has fallen from Php22,61 to Php22,09 - a -2,30% decrease. Two analysts predict that First Gen’s share price will increase in the coming year, reaching Php30,60. This would represent an increase of 81,71%.

Top growth stocks in the utilities sector (5Y.)

What does First Gen do?

First Gen Corporation is engaged in the development, construction, and operation of power plants that utilize renewable energy sources, including hydropower, geothermal, wind, and solar. Business Segments The company operates through Power Generation, Energy Supply, Infrastructure Development, Renewable Initiatives and Research and Development. Power Generation This segment is at the core of the company's operations and involves the generation of electricity from renewable energy sources. Th...

First Gen Corporation is engaged in the development, construction, and operation of power plants that utilize renewable energy sources, including hydropower, geothermal, wind, and solar.

Business Segments

The company operates through Power Generation, Energy Supply, Infrastructure Development, Renewable Initiatives and Research and Development.

Power Generation

This segment is at the core of the company's operations and involves the generation of electricity from renewable energy sources. The company operates hydroelectric, geothermal, and natural gas power plants, leading the shift toward sustainable energy.

Energy Supply

This segment includes direct sales to various customers, ranging from large industrial enterprises to local utilities, ensuring stability and flexibility in energy procurement.

Infrastructure Development

This segment engages in the development of infrastructure related to energy delivery and management. This segment encompasses network enhancements, interconnection projects, and ongoing upgrades to ensure efficient electricity distribution.

Renewable Initiatives

Renewable Initiatives involves where the company increasingly invests in renewable initiatives such as solar and wind farm projects. This segment is critical as the company strives to expand its clean energy portfolio, aligning with global trends toward renewable energy reliance.

Research and Development

This segment aims to position the company at the forefront of technological advancement within the energy sector.

Business Strategy

The company's strategy focuses on transitioning the Philippines to renewable and sustainable energy. The company aims to capitalize on the increasing demand for electricity while ensuring environmental stewardship. The main pillars of the company's business strategy include expansion of renewable energy portfolio, strategic partnerships and collaborations, focus on sustainable operations, investment in advanced technologies and engagement in policy advocacy.

Products and Services

The company offers a comprehensive range of products and services tailored to meet the diverse energy needs of its customers. The following highlights the key offerings:

Electricity Generation: The primary product is electricity generated from various renewable sources. The company operates a fleet of power plants, strategically located across the Philippines, providing reliable and sustainable energy.

Energy Trading and Sale: The company engages in direct energy sales to industrial clients and local distribution utilities, offering tailored energy solutions that include both fixed-price contracts and flexible pricing options.

Renewable Energy Solutions: The company develops and implements solar, wind, and hydropower projects for commercial and residential customers, allowing clients to transition to cleaner energy options while achieving cost savings.

Supporting Infrastructure Services: The company provides essential infrastructure services, including the construction and maintenance of energy supply networks, ensuring efficient delivery and management of electricity to consumers.

Advisory Services: The company provides consulting and advisory services regarding energy efficiency, regulatory compliance, and project management to businesses and government entities.

Innovative Energy Technologies: The company invests in developing cutting-edge technologies geared towards enhancing operational efficiency in energy generation, storage solutions, and energy management systems.

Geographical Markets Served

The company operates within the Philippines, catering to both established and emerging markets in the energy sector. The company's geographical reach includes areas with high demand for sustainable energy solutions, including metro cities and industrial hubs. As the Philippines aims for increased energy independence, the company is positioned to meet the growing electricity needs attributed to population growth and economic expansion.

Seasonality

The company experiences some level of seasonality in its operations, particularly related to demand fluctuations for electricity. Seasonal changes throughout the year can influence energy consumption patterns among residential and industrial customers. For example, demand typically peaks during the warmer months, as air conditioning usage rises. The company prepares for these patterns by ensuring that its power generation facilities remain optimally functional and by maintaining sufficient reserves to meet the surge in demand. This proactive approach helps the company manage seasonal challenges effectively while ensuring consistent electricity supply.

Customers

The company serves a diverse clientele across various categories, primarily comprising industrial and commercial sectors, local government units, and electricity distribution utilities. The following outlines the customer segments such as commercial enterprises, industrial customers, local government units and energy distributors.

Modes of Sales and Marketing

The company employs several marketing and distribution channels to promote its products and services. The primary modes include direct sales, b2b partnerships, government contracts, marketing campaigns and digital engagement.

History

First Gen Corporation was founded in 1993. The company was incorporated in 1998.

First Gen Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Current data not available. Estimate based on 2023:** **Industry revenues:** - **Energy generation:** approx. 80% - **Renewable energies:** approx. 15% - **Other services:** approx. 5% **TOP 3 markets:** - **Philippines:** approx. 70% - **USA:** approx. 15% - **Asia (excl. Philippines):** approx...

At which locations are the company’s products manufactured?

**Production Sites:** - **Philippines**: Main production site First Gen Corporation is a leading energy company in the Philippines. The company operates several power plants in the country that focus on generating electricity from renewable energy sources and natural gas. Key locations include powe...

What strategy does First Gen pursue for future growth?

**Revenue Growth:** Estimated 8-10% annually (2026) **Investments in Renewable Energy:** 1.5 billion USD (by 2026) First Gen Corporation is pursuing a growth strategy that heavily focuses on expanding its capacities in the field of renewable energy. The company plans to significantly increase its...

Which raw materials are imported and from which countries?

**Imported Raw Materials:** Natural gas, coal, liquefied natural gas (LNG) **Main Supplier Countries:** Indonesia, Australia, Qatar, USA First Gen Corporation is a leading energy company in the Philippines specializing in generating electricity from renewable and clean energy sources. A significan...

How strong is the company’s competitive advantage?

**Market share in energy generation in the Philippines:** approximately 20% (2025) **Diversified energy sources:** natural gas, geothermal, hydropower, wind **Investments in renewable energy:** 500 million USD (2024) First Gen Corporation has a significant competitive advantage in the Philippin...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** Approximately 60% (estimated for 2026 based on historical data) **Insider Purchases/Sales:** No specific data available for 2026 The institutional investor share at First Gen Corporation traditionally stands at around 60%, based on the latest available data and ty...

What percentage market share does First Gen have?

**Market share of First Gen Corporation:** Estimate 10% (2026) **Main competitors and their market shares:** 1. **Aboitiz Power Corporation:** Estimate 15% 2. **Manila Electric Company (Meralco):** Estimate 12% 3. **San Miguel Corporation (Energy Division):** Estimate 11% 4. **First Gen Corporation...

Is First Gen stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **Profit Growth:** 6.2% (2025) **Market Share in the Energy Sector:** 15% (2025) First Gen Corporation recorded solid revenue growth of 8.5% in 2025, attributed to the increasing demand for renewable energy and successful implementation of expansion projects. The 6.2...

Does First Gen pay a dividend – and how reliable is the payout?

**Dividend Yield:** 2.5% (estimated for 2026) **Payout Reliability:** High First Gen Corporation has pursued a consistent dividend policy in recent years. The company is known for its stable financial performance and its ability to regularly distribute dividends to its shareholders. The dividend...

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First Gen Stock Value

First Gen Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does First Gen do?

First Gen Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Explore

First Gen Stock Value

First Gen Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does First Gen do?

First Gen Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.