BlackRock, Peers Make Moves as Ambitious Target Looms for Prajogo Pangestu’s BREN
BlackRock and other major investors are increasing their stakes in Barito Renewables Energy (BREN), despite its high valuation. BREN aims to expand its geothermal capacity significantly by 2032, suppo
(Bisnis.Com) 01/01/70 07:00 152804
Bisnis.com, JAKARTA — Shares of renewable energy producer PT Barito Renewables Energy Tbk. (BREN) have been treading water. At IDR 7,775 apiece at Monday’s close (3/2/2026), the stock has retreated 19.64% year-to-date.
Bloomberg data show the Prajogo Pangestu-linked issuer is trading at a steep premium. At the current price, BREN has a price-to-earnings (P/E) ratio of 458.04 times and a price-to-book value (PBV) ratio of 106.35 times.
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