Enlight Renewable price target raised to $105 from $85 at Roth Capital

Roth Capital analyst Justin Clare raised the firm’s price target on Enlight Renewable (ENLT) to $105 from $85 and keeps a Buy rating on the shares. The company delivered a strong Q1 beat driven by revenue and margin outperformance, the analyst tells investors in a research note. The management also reiterated confidence in achieving its 2028 targets of 12-13 FGW of operating capacity and $2.1B-$2.3B of annualized recurring revenue, Roth added.