Roth/MKM Maintains Buy on Enlight Renewable Energy (ENLT) With Positive 2025-2026 Revenue Outlook

Enlight Renewable Energy Ltd (NASDAQ:ENLT) ranks among the best performing utilities stocks to buy now. On August 7, Roth/MKM maintained its Buy rating on Enlight Renewable Energy Ltd. (NASDAQ:ENLT) and boosted its price target from $23 to $28. The hike comes after the renewable energy company released what Roth/MKM called a strong second-quarter report, coupled with upward adjustments to its 2025 projection and run-rate revenue expectations for the end of 2025 and 2026.

According to Roth/MKM, Enlight Renewable Energy Ltd. (NASDAQ:ENLT) has safely-harbored 6 GW of its portfolio, which is a major step toward its objective of attaining 6.5-8GW by the deadline of July 4, 2026.

Although the firm noted that a large portion of Enlight’s mature portfolio is expected to be completed before the end of 2027, it cautioned that there is still some risk associated with possible changes to safe harboring regulations.

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) is an Israeli company that develops and manages solar and wind power projects. Back in 2021, the Israel-based company acquired Clēnera of Boise, Idaho, to expand into the US market.

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Disclosure: None. This article is originally published at Insider Monkey.