Tenaga Nasional Berhad (TNB) shares rose 1.2% today to close at RM11.50, driven by market optimism surrounding its renewable energy expansion plans. Continued government support for green energy initiatives has also boosted investor confidence. The utility giant's strategic pivot towards sustainable energy sources is seen as a long-term growth driver, attracting institutional interest despite broader market caution. Analysts maintain a positive outlook on TNB's future prospects.
KUALA LUMPUR, March 20, 2026 – Shares of Malaysian utility giant Tenaga Nasional Bhd (TNB) showed strong performance today, climbing 1.2% to RM11.50. The surge is primarily attributed to investor confidence in the company's aggressive expansion strategy in the renewable energy sector. TNB recently announced a series of new solar and hydro power projects, aligning with the National Energy Transition Roadmap (NETR) objectives. Analysts noted that the government's steadfast commitment to green energy provides a favorable operating environment for TNB, with investments in renewables expected to yield stable long-term returns. Despite global energy price fluctuations, TNB's diversified operations and monopolistic position in the local market offer robust defensive support. Analysts generally maintain a 'Buy' rating on TNB, with target prices ranging from RM12.00 to RM13.50.
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