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Summary of Highlights
- Frost & Sullivan forecasts that by 2019, Enlight's project revenues will be NIS 291.7 million (double the 2017 estimated revenues) with 41% of its revenues generated from new wind projects.
- Enlight operates on a large scale both locally and globally, having successfully executed over 150 projects in Israel and in Europe at a capacity exceeding 200 MW, encompassing a total construction cost of over $500 million.
- The company aims to create value by leveraging its expertise and experience in identifying and quickly evaluating and exploiting market opportunities.
- The company's strategy is to select and operate in markets that demonstrate a combination of factors: a supportive policy and regulations, favourable market conditions, an opportunity to optimise technology and increase installed capacity. In international markets, the company partners with local entities that provide advantages in the initiation and early stage development phases.
- Our valuation encompasses 20 current and ongoing projects (totaling 800 MW). Frost & Sullivan evaluates the company's equity value at NIS 1.07 billion / $ 311 million. This valuation does not include additional, unidentified projects in the company's pipeline, which may have an additional financial upside. The price target is in the range of NIS 2.17 - NIS 2.45, with a mean of NIS 2.30.
About the company. Enlight Renewable Energy Ltd is an Israeli company founded in 2008 and publicly traded on the Tel Aviv Stock Exchange. The company specialises in the initiation, development, financing, construction, management, and operation of projects involving the generation of electricity from renewable energy sources. It is currently active in the fields of Solar Photovoltaic (PV) and Wind Energies. For more information on this analysis, please click here.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion
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SOURCE Frost & Sullivan