Enlight Renewable downgraded to Underweight from Neutral at JPMorgan

JPMorgan analyst Mark Strouse downgraded Enlight Renewable (ENLT) to Underweight from Neutral with an unchanged price target of $35. The firm adjusted ratings in the clean energy space as part of its 2026 outlook. Within renewables, JPMorgan expects another year of outperformance for the utility-scale market, though it expects a trend towards larger, more complex projects as well as a more complex regulatory environment to lead to consolidation of upstream and downstream providers. The analyst maintains a preference for stocks with significant exposure to U.S.-based manufacturing, diversified end markets, and strong balance sheets.