JPMorgan raised the firm’s price target on Enlight Renewable (ENLT) to $29 from $27 and keeps a Neutral rating on the shares. The firm increased targets in the clean energy space ahead of the Q3 reports. The utility-scale solution providers remain best positioned while residential players are likely more mixed, the analyst tells investors in a research note. JPMorgan prefers stocks with exposure to U.S.-based manufacturing, diversified end markets, and long-term cash flow visibility.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ENLT:
- Enlight Renewable price target raised to $34 from $26 at Barclays
- Enlight Renewable downgraded to Hold from Buy at Deutsche Bank
- Enlight Renewable Energy Approves Key Governance and Compensation Changes
- Enlight Renewable Energy Secures Tax Equity Partnerships for Arizona Solar Project
- Enlight Renewable price target raised to $27 from $24 at JPMorgan