Central Puerto S.A. (CEPU) Enters Lithium Race with Major Stake in Tres Cruces Project

We recently compiled a list of 10 Cheap Utility Stocks to Buy According to Hedge Funds. Central Puerto S.A. stands tenth on our list.

Central Puerto S.A. (NYSE:CEPU), one of Argentina’s top private power generation companies, stands tenth among the cheap utility stocks. It is expanding beyond traditional energy production into the mining and infrastructure sectors, with a focus on lithium, a key resource for electric vehicles and renewable energy storage. The company continues to grow its renewable and thermal energy assets while strategically entering the critical minerals space.

In 2025, Central Puerto S.A. (NYSE:CEPU) acquired a 27.5% stake in the high-grade Tres Cruces lithium project in Catamarca, Argentina, marking a major step in supporting the country’s lithium industry. It also increased its stake to 9.9% in AbraSilver Resource Corp., which holds gold, silver, and copper projects in Argentina, further diversifying Central Puerto’s resource exposure.

In collaboration with YPF Luz, the company is co-developing a large-scale transmission line in northwestern Argentina’s Puna region. This infrastructure will bring renewable power to mining operations and remote communities, with planned investments between $250 and $400 million. This move strengthens Argentina’s energy grid while supporting growth in the critical minerals sector.

A row of utility poles and power lines, showing the reach of the electric utility operations.

Meanwhile, Central Puerto S.A. (NYSE:CEPU) is progressing on clean energy projects such as the San Carlos solar farm and enhancing thermal power reliability, reinforcing its commitment to Argentina’s energy transition.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.