Deutsche Bank initiated coverage of Enlight Renewable (ENLT) with a Buy rating and $22 price target implying upside of 30%. Enlight is a global renewable energy platform developing wind and solar energy projects, along with energy storage, the analyst tells investors in a research note. The firm likes the company’s growth profile, saying it offers a “robust” pipeline of projects in the near to medium-term. Over the next two years, Enlight’s pipeline, once fully converted, will represent close to a three-times increase from today’s levels of 3.0FGW, contends Deutsche Bank.
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