O.Y. NOFAR ENERGY LTD (IL:NOFR)
TASE:NOFR
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Nofar Energy
(TASE:NOFR)
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Rating:52Neutral
Price Target:
26,704.00
▲(117.11% Upside)
Action:Reiterated
Date:05/07/26
The score is held back primarily by weak financial performance driven by ongoing cash burn and higher leverage, despite a return to net income. Technicals are supportive with strong upward trend and positive momentum, but overbought signals add near-term risk. Valuation looks inexpensive on P/E, but is tempered by cash-flow and balance-sheet concerns.
Positive Factors
Integrated renewable value chain
Nofar’s end-to-end model — originating, developing, financing, building and operating utility-scale solar and storage — supports durable economics by capturing value at multiple stages, enabling recurring fee income, better project economics control and resilience across development cycles.
Negative Factors
Weak cash generation
Persistent negative OCF and steep negative FCF indicate the business is not self-funding its growth and capex. This elevates reliance on external capital and refinancing, increasing execution and liquidity risk and constraining reinvestment and dividend capacity over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated renewable value chain
Nofar’s end-to-end model — originating, developing, financing, building and operating utility-scale solar and storage — supports durable economics by capturing value at multiple stages, enabling recurring fee income, better project economics control and resilience across development cycles.
Read all positive factors
Nofar Energy (NOFR) vs. iShares MSCI Israel ETF (EIS)
Market Cap
₪8.22B
Dividend YieldN/A
Average Volume (3M)73.63K
Price to Earnings (P/E)5.8
Beta (1Y)1.11
Revenue Growth-0.90%
EPS GrowthN/A
CountryIL
Employees290
SectorEnergy
Sector Strength52
IndustrySolar
Share Statistics
EPS (TTM)2.37
Shares Outstanding38,273,210
10 Day Avg. Volume62,474
30 Day Avg. Volume73,625
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)2.30
Price to Sales (P/S)13.71
P/FCF Ratio-3.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nofar Energy Business Overview & Revenue Model
Company Description
O.Y. Nofar Energy Ltd develops, designs, licenses, constructs, and operates photovoltaic systems on rooftops in Israel. It engages in the initiation, financing, construction, operation, and maintenance of solar power generation systems, wind power...
How the Company Makes Money
Nofar Energy’s earnings are primarily tied to owning and operating renewable energy assets and to monetizing projects at different stages of the development cycle. Key revenue streams typically include: (1) electricity sales from solar PV plants (...
Nofar Energy Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
38
Negative
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 311.30M | 313.21M | 320.78M | 324.57M | 360.76M |
| Gross Profit | 22.62M | 48.74M | 2.30M | 2.26M | 33.73M |
| EBITDA | 53.85M | 133.55M | 61.06M | 216.61M | 16.16M |
| Net Income | 90.13M | -26.91M | -88.66M | 153.75M | 4.38M |
Balance Sheet | |||||
| Total Assets | 6.48B | 6.23B | 5.67B | 4.62B | 2.17B |
| Cash, Cash Equivalents and Short-Term Investments | 618.74M | 410.13M | 671.40M | 736.63M | 904.35M |
| Total Debt | 4.33B | 3.42B | 2.53B | 1.59B | 588.34M |
| Total Liabilities | 4.60B | 3.82B | 2.90B | 2.09B | 724.79M |
| Stockholders Equity | 1.86B | 1.63B | 1.82B | 1.62B | 1.39B |
Cash Flow | |||||
| Free Cash Flow | -1.35B | -860.62M | -374.38M | -321.99M | -125.70M |
| Operating Cash Flow | -190.31M | 43.25M | -65.64M | -234.61M | -103.65M |
| Investing Cash Flow | -1.29B | -1.07B | -384.21M | -1.07B | -355.35M |
| Financing Cash Flow | 1.74B | 713.26M | 890.72M | 602.48M | 888.89M |
Nofar Energy Technical Analysis
Neutral
12300.00
Price Trends
18174.20
Positive
16415.90
Positive
13342.00
Positive
Market Momentum
1879.56
Negative
53.43
Neutral
41.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:NOFR, the sentiment is Neutral. The current price of 12300 is below the 20-day moving average (MA) of 21200.50, below the 50-day MA of 18174.20, and below the 200-day MA of 13342.00, indicating a bullish trend. The MACD of 1879.56 indicates Negative momentum. The RSI at 53.43 is Neutral, neither overbought nor oversold. The STOCH value of 41.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IL:NOFR.
Nofar Energy Peers Comparison
UnderperformOutperform
Sector (65)
IL:NOFR
Nofar Energy
21,790.00
12,840.00
143.46%
IL:DRAL
Dor Alon
20,980.00
9,364.88
80.63%
IL:DORL
Doral Energy
7,987.00
6,637.00
491.63%
IL:MSKE
Meshek Energy
1,497.00
1,212.80
426.74%
IL:ECNR
Econergy
6,097.00
3,012.00
97.63%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.