Enlight Renewable price target raised to $23 from $20 at Roth MKM

Roth MKM raised the firm’s price target on Enlight Renewable (ENLT) to $23 from $20 and keeps a Buy rating on the shares. The company delivered a Q4 beat and provided better-than-expected 2025 guidance, and Roth is increasing its 2025 and 2026 estimates primarily to reflect the contribution of tax benefits and the sale of a cluster of projects in Israel, the analyst tells investors in a research note. Enlight’s 2025 guidance could prove conservative given the growth of the company’s operational portfolio, the firm adds.