Bisnis.com, JAKARTA — PT Geothermal Energy’s stock price (ticker PGEO) surged around 56.91% year-to-date (YtD) per yesterday’s closing price of IDR 1,475, beating Bloomberg consensus’ previous 12-month estimate of IDR 1,358.
Over recent months, the company has been seeing a number of tailwinds including strong earnings, FY2024 dividend payment, and news of sovereign fund Danantara’s plan to invest in PGEO’s parent Pertamina.