UBS analyst Jon Windham raised the firm’s price target on Enlight Renewable (ENLT) to $65 from $47 and keeps a Buy rating on the shares. Enlight’s valuation appears attractive, the analyst tells investors in a research note. In a market with increasingly scarce clean energy supply, the setup supports continued vertical integration by technology companies seeking to meet electricity demand and clean energy matching goals, UBS adds.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's 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 $38 from $37 at Deutsche Bank
- Enlight Renewable Energy Wins ‘ilA’ Rating From S&P Maalot With Stable Outlook
- Enlight Renewable downgraded to Underweight from Neutral at JPMorgan
- Enlight Renewable initiated with a Buy at UBS
- Enlight Renewable management to meet with Roth Capital
