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Investing.com - Roth/MKM has raised its price target on Enlight Renewable Energy (NASDAQ:ENLT) to $28.00 from $23.00 while maintaining a Buy rating on the stock. The new target aligns with InvestingPro’s Fair Value analysis, which suggests the stock is currently undervalued. The company’s shares have already demonstrated strong momentum, posting a 41.74% return over the past six months.
The price target increase follows what Roth/MKM described as a strong second-quarter report from the renewable energy company, along with upward revisions to its 2025 guidance and run-rate revenue expectations for year-end 2025 and 2026. The company has maintained impressive gross profit margins of 76.6% and achieved revenue growth of 39.54% over the last twelve months. InvestingPro analysis reveals 12 additional key insights about ENLT’s financial health and growth prospects.
Roth/MKM noted that Enlight has safe-harbored 6 gigawatts (GW) of its portfolio, representing significant progress toward its goal of reaching 6.5-8GW ahead of the July 4, 2026 deadline.
The research firm acknowledged some remaining risk around potential changes to safe harboring rules but pointed out that much of Enlight’s mature portfolio is scheduled for completion before the end of 2027.
Roth/MKM increased its estimates for Enlight to reflect better-than-expected portfolio performance and increased run-rate expectations, which support the higher valuation reflected in the new price target.
In other recent news, Enlight Renewable Energy has secured financing agreements totaling approximately $310 million to expand its Gecama Wind Project in Spain. This project aims to create the largest hybrid renewable energy complex in the country, integrating wind, solar, and battery storage with a total capacity of 554 MW and 220 MWh. Additionally, Enlight announced a leadership transition as founder and CEO Gilad Yavetz will become the executive chairman, with Adi Leviatan taking over as CEO effective October 1, 2025. Leviatan brings experience from 3M and McKinsey & Company. In related developments, Clenera, Enlight’s U.S. subsidiary, revealed that Jared McKee will succeed Adam Pishl as CEO, with Pishl transitioning to Vice Chair of the Board. Mizuho (NYSE:MFG) analysts have raised the price target for Enlight Renewable Energy stock to $19, reflecting growth prospects in the U.S. and the potential impact of the Gecama hybridization project. These recent developments highlight Enlight’s strategic moves and future growth opportunities.
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