Key Takeaways:
- Enlight Renewable Energy secures $243 million for the Quail Ranch project, enhancing its U.S. expansion.
- Analysts project a 41.18% increase in ENLT's stock value with a 12-month price target of $21.00.
- GuruFocus estimates imply a significant 138.52% upside, valuing the stock at $35.48 in one year.
Enlight Renewable Energy (ENLT, Financial) has secured a substantial $243 million in construction financing for the ambitious Quail Ranch project located near Albuquerque, New Mexico. This innovative initiative, featuring a robust 128 MW of solar power accompanied by 400 MWh of battery storage, is expected to be operational by late 2025. This project is a pivotal element of Enlight's broader U.S. expansion strategy, reflecting the company's commitment to sustainable energy solutions.
Wall Street Analysts' Forecast
According to the insights gathered from four financial analysts, the average one-year price target for Enlight Renewable Energy Ltd (ENLT, Financial) stands at $21.00. Notably, this includes a high target estimate of $23.00 and a low estimate of $18.00. The average target represents a promising upside potential of 41.18% from the current stock price of $14.88. For more comprehensive estimate data, investors can refer to the Enlight Renewable Energy Ltd (ENLT) Forecast page.
Reflecting a positive outlook, the consensus recommendation from six brokerage firms assigns Enlight Renewable Energy Ltd (ENLT, Financial) an average brokerage recommendation of 2.5, suggesting an "Outperform" status. This rating scale ranges from 1, indicating Strong Buy, to 5, denoting Sell.
GuruFocus Valuation Estimates
In alignment with GuruFocus estimates, the projected GF Value for Enlight Renewable Energy Ltd (ENLT, Financial) over the next year is $35.48. This projection indicates a remarkable upside potential of 138.52% from the current market price of $14.875. The GF Value is GuruFocus' calculated estimation of the fair trading value based on historical trading multiples, past business growth, and future business performance projections. Investors can access more detailed data on the Enlight Renewable Energy Ltd (ENLT) Summary page.
