Enlight Renewable Energy (ENLT, Financial) has entered into a significant 12-year contract with Vishay Israel, valued at approximately $105 million, to supply clean electricity. This agreement includes a clause allowing for a substantial increase in energy consumption over the contract's duration.
This partnership adds Vishay Israel to a growing list of prominent organizations in the country that have recently committed to sourcing green energy from Enlight. Other notable entities that have secured similar agreements include the Weizmann Institute of Science, NTA Metropolitan Mass Transit, Amdocs, Big Shopping Centers, SodaStream, and Applied Materials.
Enlight's series of deals underscores a broader movement towards sustainable energy solutions in Israel, as businesses increasingly prioritize clean energy sources.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Enlight Renewable Energy Ltd (ENLT, Financial) is $21.00 with a high estimate of $23.00 and a low estimate of $18.00. The average target implies an upside of 38.89% from the current price of $15.12. More detailed estimate data can be found on the Enlight Renewable Energy Ltd (ENLT) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Enlight Renewable Energy Ltd's (ENLT, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Enlight Renewable Energy Ltd (ENLT, Financial) in one year is $35.50, suggesting a upside of 134.79% from the current price of $15.12. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Enlight Renewable Energy Ltd (ENLT) Summary page.
