Kenon: Growth On The Horizon, But Upside May Be Fully Priced (NYSE:KEN) (Rating Downgrade)

Core Insights - The article discusses the supply-and-demand imbalance in the US and Israeli electricity markets, which may lead to increased electricity prices, particularly in Israel due to strict regulations [1] Group 1: Market Analysis - The electricity markets in both the US and Israel are experiencing a supply-and-demand imbalance [1] - This imbalance is expected to result in higher electricity prices, especially in Israel [1] Group 2: Investment Strategy - The investment strategy combines a top-down view of the global economy with a bottom-up analysis of individual companies [1] - The approach begins with identifying strong economies and favorable currencies using macro data and statistical tools [1] - The focus then shifts to sectors likely to perform well in the near term, followed by identifying quality companies with solid momentum and consistent results [1]