Enlight Renewable Engergy (ENLT) PT Raised to $123 at UBS

UBS analyst Jon Windham raised the price target on Enlight Renewable Engergy (NASDAQ: ENLT) to $123.00 (from $105.00) while maintaining a Buy rating.

The analyst comments "We raise our PT to $123 and moderately revise our 2030E estimates with this note. In our view, ENLT is poised for continued market share gains in its U.S. development business as it executes on its large-scale solar+storage project pipeline. We view ENLT's announced expansion into data center development and offtake agreement with Google as a positive for near-term sentiment and see potential for further offtake agreements with hyperscaler customers. We maintain our Buy rating and continue to view ENLT as well positioned to benefit from surging U.S. battery manufacturing capacity leading to declining battery project costs."

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