Pertamina Geothermal Energy is trading at IDR 1055.00 (-4.09%) amid broader Indonesian market and energy-sector selling.
- The IHSG is down 1.02%, while energy stocks have fallen 5.71%.
- Investors are monitoring the MESOP program, which could issue approximately 127 million new shares beginning August 24, 2026, potentially increasing supply.
- Evidence points primarily to sector-wide selling, not a confirmed company-specific announcement causing the decline; analysts retained a buy-on-weakness view amid heavier offer queues and foreign selling pressure.