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Nofar Energy
(TASE:NOFR)
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Rating:46Neutral
Price Target:
22,442.00
▲(82.46% Upside)
Action:Reiterated
Date:07/02/26
The score is primarily held back by high and rising leverage and persistently negative free cash flow despite positive reported profitability. Technicals are moderately supportive with price above key moving averages, but momentum indicators are mixed. Valuation is a further headwind given the very high P/E and lack of dividend yield data.
Positive Factors
Strong revenue momentum
A ~200% TTM revenue jump signals durable top-line expansion from successful project deliveries or pipeline conversions. Sustained revenue growth improves scale economics, strengthens negotiating leverage on procurement and PPAs, and supports longer-term investment in development capabilities.
Negative Factors
Sharply rising leverage
A rapid climb to ~5.25x debt/equity materially increases financial risk and reduces flexibility. High leverage raises interest and refinancing vulnerability, limits ability to absorb construction cost overruns, and makes the company more sensitive to project delays or weaker cash flows over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue momentum
A ~200% TTM revenue jump signals durable top-line expansion from successful project deliveries or pipeline conversions. Sustained revenue growth improves scale economics, strengthens negotiating leverage on procurement and PPAs, and supports longer-term investment in development capabilities.
Read all positive factors
Nofar Energy (NOFR) vs. iShares MSCI Israel ETF (EIS)
Market Cap
₪8.01B
Dividend YieldN/A
Average Volume (3M)73.63K
Price to Earnings (P/E)127.5
Beta (1Y)1.27
Revenue Growth3.43%
EPS GrowthN/A
CountryIL
Employees364
SectorGeneral
Sector StrengthN/A
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)1.64
Shares Outstanding38,312,496
10 Day Avg. Volume62,474
30 Day Avg. Volume73,625
Financial Highlights & Ratios
PEG Ratio-0.11
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 makes money primarily by monetizing renewable energy projects it develops and/or owns through long-term contracted cash flows and development-related economics. Key revenue and earnings drivers generally include: (1) Electricity sales...
Nofar Energy Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
32
Negative
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 317.51M | 311.30M | 313.21M | 320.78M | 324.57M | 360.76M |
| Gross Profit | 18.66M | 22.62M | 48.74M | 2.30M | 2.26M | 33.73M |
| EBITDA | 105.58M | 53.85M | 133.55M | 61.06M | 216.61M | 16.16M |
| Net Income | 59.79M | 90.13M | -26.91M | -88.66M | 153.75M | 4.38M |
Balance Sheet | ||||||
| Total Assets | 13.28B | 6.48B | 6.23B | 5.67B | 4.62B | 2.17B |
| Cash, Cash Equivalents and Short-Term Investments | 1.04B | 618.74M | 410.13M | 671.40M | 736.63M | 904.35M |
| Total Debt | 9.43B | 4.33B | 3.42B | 2.53B | 1.59B | 588.34M |
| Total Liabilities | 10.74B | 4.60B | 3.82B | 2.90B | 2.09B | 724.79M |
| Stockholders Equity | 1.80B | 1.86B | 1.63B | 1.82B | 1.62B | 1.39B |
Cash Flow | ||||||
| Free Cash Flow | -1.36B | -1.35B | -860.62M | -374.38M | -321.99M | -125.70M |
| Operating Cash Flow | -184.07M | -190.31M | 43.25M | -65.64M | -234.61M | -103.65M |
| Investing Cash Flow | -2.26B | -1.29B | -1.07B | -384.21M | -1.07B | -355.35M |
| Financing Cash Flow | 3.10B | 1.74B | 713.26M | 890.72M | 602.48M | 888.89M |
Nofar Energy Technical Analysis
Neutral
12300.00
Price Trends
22722.00
Negative
19694.30
Positive
15674.82
Positive
Market Momentum
-83.77
Positive
44.15
Neutral
13.99
Positive
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 21640.00, below the 50-day MA of 22722.00, and below the 200-day MA of 15674.82, indicating a neutral trend. The MACD of -83.77 indicates Positive momentum. The RSI at 44.15 is Neutral, neither overbought nor oversold. The STOCH value of 13.99 is Positive, 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 (55)
IL:NOFR
Nofar Energy
20,960.00
10,940.00
109.18%
IL:ORL
Oil Refineries
192.50
100.74
109.78%
IL:NFTA
Naphtha
2,473.00
3.09
0.13%
IL:CDEV
Cohen Dev
16,940.00
-1,861.10
-9.90%
IL:MSKE
Meshek Energy
1,080.00
725.00
204.23%
IL:PRIM
Prime Energy
4,799.00
3,047.00
173.92%
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.