One & One Green Technologies stock soars 100% after IPO debut
On Thursday, Mizuho (NYSE:MFG) analysts raised the price target for Enlight Renewable Energy stock (NASDAQ: ENLT) to $19 from $18, maintaining a Neutral rating. The company, currently valued at $2.33 billion with an impressive 44.42% revenue growth, trades near its 52-week high of $20.44. This adjustment reflects the company’s growth prospects in the United States, particularly in light of a potential tax credit cliff after 2028, as outlined in the House reconciliation bill.
Mizuho analysts cited the recently completed Gecama hybridization project as a factor in the revised price target. This project, along with future opportunities, could enhance revenue and EBITDA beyond 2028. The analysts noted that these developments currently have limited impact on near- and medium-term revenue projections. According to InvestingPro, the company maintains strong gross profit margins of 77.98% and has generated $286M in EBITDA over the last twelve months.
The analysts also highlighted potential upside to their fiscal year 2026 and 2027 revenue and EBITDA estimates. This could result from faster project completion, higher wind output, or increased merchant prices in Spain.
Enlight Renewable Energy’s current focus includes leveraging these growth opportunities and navigating the evolving regulatory landscape in the United States. The company’s strategy aims to capitalize on both domestic and international market conditions.
In other recent news, Enlight Renewable Energy has secured financing agreements totaling approximately $310 million for the expansion of its Gecama Wind Project in Spain. This project aims to create the largest hybrid renewable energy complex in the nation by integrating wind, solar, and battery storage, with commercial operations anticipated by the second half of 2026. Enlight projects annual revenues of $95–105 million and EBITDA of $75–80 million once the project is fully operational. Additionally, Enlight entered into a 12-year, $105 million energy deal with Vishay Israel Ltd., marking a significant move in Israel’s renewable energy market following electricity market deregulation. This agreement is expected to substantially reduce Vishay’s electricity costs and environmental impact.
Furthermore, Enlight has achieved financial closure for its Quail Ranch project in New Mexico, securing $243 million in construction financing. The project, which includes solar generation and battery storage, is expected to commence operations by the end of 2025. Enlight’s U.S. operations, including Quail Ranch and other projects, are projected to generate annual revenues of $135-140 million with EBITDA estimates of $100-110 million. This financial closure is part of a broader $1.5 billion financing achievement for three U.S. projects. Enlight’s CEO, Gilad Yavetz, highlighted the company’s progress in securing these financial commitments, positioning Enlight to expand its renewable energy footprint across multiple regions.
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