O.Y. NOFAR ENERGY LTD (IL:NOFR)
TASE:NOFR
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Nofar Energy
(TASE:NOFR)
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Rating:49Neutral
Price Target:
27,999.00
▲(127.63% Upside)
Action:Reiterated
Date:05/30/26
The score is held back primarily by high and rising leverage and weak cash conversion (negative operating and deeply negative free cash flow), despite strong revenue momentum. Technicals are supportive with strong trend/momentum but are stretched (overbought), while valuation is a meaningful headwind given the very high P/E.
Positive Factors
Integrated renewables business model
Nofar's vertically integrated model—originating, financing, building and operating solar and storage—lets it capture development and operating margins, retain upside on asset sales, and control execution risk across the project lifecycle, supporting durable cash flows as scale increases.
Negative Factors
Sharply rising leverage
Leverage climbing to ~5.25x materially increases financial risk for a capital-intensive developer-operator. High debt raises interest and refinancing burdens, reduces flexibility to fund new projects internally, and amplifies downside if project cash flows or permitting timelines slip over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated renewables business model
Nofar's vertically integrated model—originating, financing, building and operating solar and storage—lets it capture development and operating margins, retain upside on asset sales, and control execution risk across the project lifecycle, supporting durable cash flows as scale increases.
Read all positive factors
Nofar Energy (NOFR) vs. iShares MSCI Israel ETF (EIS)
Market Cap
₪10.15B
Dividend YieldN/A
Average Volume (3M)73.63K
Price to Earnings (P/E)108.3
Beta (1Y)1.19
Revenue Growth3.43%
EPS GrowthN/A
CountryIL
Employees290
SectorEnergy
Sector Strength52
IndustrySolar
Share Statistics
EPS (TTM)1.64
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
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 | 1.16B | 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
Positive
12300.00
Price Trends
19100.80
Positive
17271.10
Positive
13779.91
Positive
Market Momentum
2015.04
Negative
72.75
Negative
92.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:NOFR, the sentiment is Positive. The current price of 12300 is below the 20-day moving average (MA) of 23167.50, below the 50-day MA of 19100.80, and below the 200-day MA of 13779.91, indicating a bullish trend. The MACD of 2015.04 indicates Negative momentum. The RSI at 72.75 is Negative, neither overbought nor oversold. The STOCH value of 92.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IL:NOFR.
Nofar Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | ₪4.81B | -39.29 | ― | ― | -16.92% | -524.11% | |
53 Neutral | ₪19.63B | -44.98 | ― | ― | 53.63% | -676.31% | |
53 Neutral | ₪11.44B | -128.43 | ― | ― | ― | ― | |
49 Neutral | ₪10.15B | 108.28 | ― | ― | 3.43% | ― |
* Energy Sector Average
IL:NOFR
Nofar Energy
28,140.00
19,190.00
214.41%
IL:DRAL
Dor Alon
21,190.00
9,670.16
83.94%
IL:DORL
Doral Energy
10,390.00
8,963.00
628.10%
IL:MSKE
Meshek Energy
1,631.00
1,328.00
438.28%
IL:ECNR
Econergy
7,442.00
4,368.00
142.09%
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.