Enlight Renewable Engergy (ENLT) PT Lowered to $41 at Mizuho

Mizuho analyst Maheep Mandloi lowered the price target on Enlight Renewable Engergy (NASDAQ: ENLT) to $41.00 (from $45.00) while maintaining a Underperform rating.

The analyst commented: "We lower our PT 9% to $41 from $45 and stay Underperform on valuation. We cut the FY2 multiple on 2031E core EBITDA to 9x, vs prior 10x, in line with multiple contraction at peers, partly offset by higher 2027-30E EBITDA as we raise the conversion rate on the 5.5 FGW US advanced portfolio to 75%, from 50%. Near term, we see 2026 earnings upside: our EBITDA of $584m sits at the top of $565-585m guidance and above $579m consensus, as European power prices are up y/y in 2H."

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