Enlight Obtains Close to $150 Million in Tax Equity Funding for Quail Ranch
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 03 2025
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Source: Yahoo Finance
Wells Fargo Partnership: Enlight Renewable Energy's U.S. subsidiary, Clēnera Holdings, has secured a tax equity agreement with Wells Fargo for the Quail Ranch solar and energy storage project in New Mexico, valued at approximately $275 million.
Project Details: The Quail Ranch project will feature 128 MW of solar generation and 400 MWh of energy storage, expected to achieve commercial operation by the end of 2025, generating annual revenues of around $24 million in its first year.
Tax Equity Financing: The agreement includes a $131 million tax equity financing from Wells Fargo, which may increase to nearly $150 million over the first decade of operation, providing production and investment tax credits.
Long-term Strategy: This partnership marks Enlight's fifth tax equity deal in the U.S., contributing to a total of nearly $1 billion in tax equity arrangements, and aligns with the company's strategy to expand access to reliable, affordable clean energy.
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Analyst Views on ENLT
Wall Street analysts forecast ENLT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ENLT is 41.57 USD with a low forecast of 35.00 USD and a high forecast of 47.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
3 Buy
1 Hold
2 Sell
Hold
Current: 57.890
Low
35.00
Averages
41.57
High
47.00
Current: 57.890
Low
35.00
Averages
41.57
High
47.00
About ENLT
Enlight Renewable Energy Ltd is an Israel-based company. Enlight Renewable Energy Ltd operates in the fields of wind energy and solar energy in Israel and in the international market. The Company has four geographical areas of activity such as, Renewable energy activity in Israel within this field, the company engages in the initiation, planning, development, financing, establishment and operation of photovoltaic projects that produce electricity from solar energy in Israel, Central-Eastern Europe that includes wind projects across Central Eastern Europe but also Balkan region , Western Europe where the Company works to develop and establish large wind projects in developed electricity markets in Western European countries, which are mostly based on the sale of electricity in Spain, Sweden and Ireland.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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