JPMorgan downgraded Enlight Renewable to Neutral from Overweight with a price target of $16, down from $19. The analyst believes slower than anticipated project ramp ups, interconnection challenges with large projects, and lower power prices in Spain present downside to current consensus estimates. The firm is stepping to the sidelines after revisiting Enlight’s project-specific development and operational challenges across its portfolio.
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Read More on ENLT:
- Enlight Announces Filing of Form 20-F For The Year Ended December 31, 2023
- EBRD, Erste approve financing for Pupin windfarm in Serbia
- Enlight Renewable sees 2024 revenue $335M-$360M, consensus $393.46M
- Enlight Renewable reports 2023 EPS 57c, consensus 70c
- Enlight Renewable Energy Reports Fourth Quarter 2023 Financial Results
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