Roth Capital raised the firm’s price target on Enlight Renewable (ENLT) to $30 from $28 and keeps a Buy rating on the shares. The company announced it secured NIS1B from a private placement of common shares from Israeli institutional investors, closed a $350M mezzanine debt facility, and secured $53M for the domestic content adder for its Atrisco project, the analyst tells investors in a research note. The IRS safe-harbor guidance also preserves IRA eligibility for projects through 2030 and offers the opportunity for additional safe harboring, the firm added.
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