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Enlight Renewable Energy ( (IL:ENLT) ) has shared an update.
Enlight Renewable Energy Ltd. announced that its subsidiary, Clenera Holdings, LLC, has finalized tax equity partnership agreements for the Roadrunner Solar and Energy Storage Project near Tucson, Arizona. The agreements, involving JP Morgan Chase Bank, M&T Community & Environmental Development LLC, and First-Citizens Bank & Trust Company, will provide $337 million in funding upon the project’s commercial operation date. The project, featuring 290 MW of solar generation and 940 MWh of energy storage, is expected to achieve full commercial operation by the end of 2025, receiving significant tax credits and additional payments over its first decade of operation.
The most recent analyst rating on (IL:ENLT) stock is a Hold with a ILs27.00 price target. To see the full list of analyst forecasts on Enlight Renewable Energy stock, see the IL:ENLT Stock Forecast page.
More about Enlight Renewable Energy
Enlight Renewable Energy Ltd. operates in the renewable energy industry, focusing on the development and management of solar and energy storage projects. The company is headquartered in Rosh Ha’ayin, Israel, and is actively involved in expanding its portfolio in the renewable energy sector.
YTD Price Performance: 53.02%
Average Trading Volume: 362,937
Technical Sentiment Signal: Buy
Current Market Cap: ILs12.43B
Find detailed analytics on ENLT stock on TipRanks’ Stock Analysis page.