Is $TRANSPOWER Transpower devalued or of no value? 25% retraced.

2 Sep

TRANSPOWER Transcorp Power is a gas-fired thermal generation company operating in Nigeria and internationally. It's the owner/operator of the Ughelli Power Plant, with an installed capacity of approximately 972 MW, capable of generating around 2,500 GWh annually. Founded in 2012 (as Transcorp Ughelli Power Ltd), it became publicly listed in early 2024. It's a subsidiary of Transnational Corporation of Nigeria Plc.

The Stock is currently devalued by 25% (With an all time high of 386) and could be undervalued. Current price: ₦286.5.


The last few months are predominantly bearish), showing sustained weakness.
My buy zone for #transpower (₦264 – ₦301), suggesting potential accumulation interest around this region and could attract bargain hunters.

First Resistance / Take Profit (TP1): ₦375.3
→ A break above ₦301 with strong volume could see price retesting this level.

Major Resistance (TP2): ₦440.7
→ If bullish momentum continues, this is the next realistic upside target.

Invalidation for this TRANSPOWER idea is under 260/per share

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Wait! Did TRANSPOWER Transpower just jump out of my buy zone...