- Arijit Banerjee
ACWA Power Company, founded in 2004, is a Saudi Arabian company that invests, develops, and maintains power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia and internationally. The company also sells electricity, desalinated water, and green hydrogen, installs and maintains contracts, provides financial advisory, book-keeping, tax compliance, and reinsurance services, and generates renewable energy from photovoltaic, concentrated solar power, wind plants, and hydrogen sources. ACWA Power Company was formerly known as International Company for Water and Power Projects.
ACWA Power —  TASI —
A bullish signal is generated as the K line (blue) crosses over the D line (orange) from below, indicating a reversal from oversold conditions.
The RSI line has rebounded from oversold territory, generating a bullish signal and suggesting a possible buying opportunity.
Based on our Saudi trading advice, ACWA Power stock price target will be SAR 400 - SAR 420 in the next 14-16 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website