Enlight Renewable price target raised to $45 from $30 at Roth Capital

Roth Capital raised the firm’s price target on Enlight Renewable (ENLT) to $45 from $30 and keeps a Buy rating on the shares. The company delivered a Q3 beat and raised the 2025 guide for the second consecutive quarter as it has meaningfully increased its safe harbored assets in the US to 8.9FGW from 6FGW in Q2 and raised the target to 14-17FGW from 6.5-8FGW, the analyst tells investors in a research note. The firm is also shifting its valuation approach to a multiple of 2029 EBITDA to better capture Enlight’s growth trajectory.