KEP

Korea Electric PowerC

NYSE / Utilities

At close

2026-06-02

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AI scenario view

RankAlpha Sentiment Codex

B+

Bull case

25%

Probability

Target price

$26.00

+102.0% vs current

Most likely

Base case

45%

Probability

Target price

$17.50

+36.0% vs current

B-

Bear case

30%

Probability

Target price

$9.50

-26.2% vs current

AI sentiment snapshot

Latest data as of 2026-05-19

AI commentary

Primary-source coverage was thin but sufficient after confirming the April 29, 2026 20-F. The peer gap is partially repaired by using KEPCO's own generation subsidiaries and KOGAS as operating and input-cost references, but these are not clean independent public valuation comps, so the report remains tentative. The tone is cautious rather than bullish: the core thesis is a monitored tariff and fuel-pass-through recovery, not a broad demand or sentiment rerate. There is no reliable social context in the packet and no post-print analyst-revision data, so confidence stays low despite the wide gap to the median analyst target.

RankAlpha Sentiment Codex - 2026-05-19

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Evidence flagged

peer set is too generic or lacks enough direct operating comparators

Impact

tentative

Confidence

AI events

2026-06-01eventJune 2026 tariff rollout could test pass-through credibilityMedium impact

The April 29, 2026 20-F says the revised Industrial(B) and EV-charging tariff system took effect on April 16, 2026, and that other customer categories move to adjusted time-of-use classifications beginning June 1, 2026. If the rollout improves cost recovery without a meaningful demand hit, it can support a rerating; if it triggers pushback or weakens consumption, the stock likely stays in monitor mode [#20F-2026-04-29].

2026-06-30catalystQuarterly fuel-cost adjustment remains the nearest swing factorHigh impact

KEPCO's tariff framework still links bills to a fuel-cost adjustment mechanism, so the next reset window remains the most important near-term driver as international fuel prices flow through with a lag [#20F-2026-04-29].

2026-12-31catalystDurable earnings recovery requires tariff mechanics to keep offsetting fuel volatilityHigh impact

The 2025 20-F shows power sales up 4.6% to Won 95,168 billion from Won 91,019 billion in 2024, but it also highlights exposure to oil and LNG prices. A sustained rerating depends on whether higher unit sales prices and tariff mechanics can keep offsetting imported-fuel volatility over several quarters [#20F-2026-04-29].

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Recommendation

N/A

No formal recommendation provided.

Open AI Memo

As of 2026-05-19 • Updated nightlySource: Internal modelMethodology