First Gen Corporation

First Gen Corporation, through its subsidiaries, engages in the power generation business in Philippines. It operates through FGPC, FGP, FNPC, Prime Meridian, EDC and Subsidiaries, and FG Hydro segments. The FGPC segment operates Santa Rita, a 1,000 MW combined cycle, natural gas-fired power plant. The FGP segment operates San Lorenzo, a 500 MW combined cycle, natural gas-fired power plant. The FNPC segment owns and operates San Gabriel plant, a 420 MW natural gas-fired power plant. The Prime Meridian segment owns and operates Avion plant, a 97 MW open-cycle natural gas-fired power plant. The EDC and Subsidiaries segment holds service contracts with the Department of Energy to explore, develop, and utilize the resources in the relevant 10 geothermal contract areas. This segment owns and operates 588.4 MW Unified Leyte geothermal power plants; 172.5 MW Palinpinon geothermal power plants; 140.0 MW Bac-Man geothermal power plants; 123.0 MW Tongonan geothermal power plant; 106.0 MW Mindanao geothermal power plants; 49.4 MW Nasulo geothermal power plant; 150 MW Burgos Wind Energy project; 6.82 MW Burgos Solar Energy project; and 5.17 MW Solar Rooftop projects. The FG Hydro segment operates Pantabangan-Masiway, a 132 MW Hydroelectric Plant. It sells its electricity to Manila Electric Company, National Power Corporation, electric cooperatives, privately-owned distribution utilities, large industrial clients, and National Grid Corporation of the Philippines. As of December 31, 2021, the company had an installed capacity of 3,495 megawatts (MW). First Gen Corporation was incorporated in 1998 and is based in Pasig, the Philippines. First Gen Corporation is a subsidiary of First Philippine Holdings Corporation.

First Gen Corporation trades as FSGCY on OTC. The company is classified in Utilities / Renewable Utilities and reports in USD.

The current profile places the business in Renewable Utilities. This section is intended to summarize the operating segments, products, geographies, and main revenue lines from official filings.

Detailed operating-segment data is not available for this symbol yet.

Use this area for management strategy, capital allocation priorities, target markets, and measurable goals from the latest annual report or investor presentation.

The app now provides the structure, but exact strategic claims should come from official company documents before being treated as a finished investment thesis.

First Gen Corporation can be compared against peers such as SIIC Environment Holdings Ltd., China Everbright Water Limited, Caribbean Utilities Company, Ltd., Concord New Energy Group Limited, First National Energy Corporation, Gallant Venture Ltd..

A complete thesis should compare growth, margins, balance-sheet risk, valuation multiples, and market position against direct competitors.

Current signals to investigate include market capitalization of $962.44M, beta of 0.19, and return on equity of N/A.

This section should be validated with evidence such as durable margins, brand strength, regulation, switching costs, cost advantage, distribution, or technology.

Key risks should include financial leverage, cyclicality, customer concentration, regulatory exposure, currency risk, and execution risk.

FSGCY currently shows total debt of N/A and beta of 0.19. Missing data should be treated as a research gap, not as low risk.

Production-capacity detail is not available as structured data yet. For industrial, defense, semiconductor, or real-estate companies, this should be reviewed from annual reports and investor presentations.

No structured backlog field is available yet. If the company reports backlog, review the relevant filing section before adding it to the thesis.

Use this section for major contracts, product launches, construction projects, acquisitions, or strategic programs that can materially affect valuation.

No recent SEC-style filings are available for this symbol yet.

Customer concentration is not available as structured data here. Add it from official filings when a company discloses material customers or revenue concentration.

Supplier concentration and critical supply-chain dependencies are not available as structured data here. This should be researched from annual reports and risk disclosures.

Company website: https://www.firstgen.com.ph

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