Enlight Renewable Energy Downgraded to Underweight by JP Morgan, RSI at 72
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
0mins
Source: Benzinga
- Rating Change: On December 8, JP Morgan analyst Mark Strouse downgraded Enlight Renewable Energy from Neutral to Underweight while maintaining a price target of $35, indicating concerns about the company's future performance amidst market volatility.
- Price Fluctuation: Despite a recent 11% gain over the past five days, the stock hovers near its 52-week high of $44.01 with an RSI of 72, signaling overbought conditions that may lead to short-term correction risks.
- Financial Performance: Kenon Holdings reported quarterly earnings of 45 cents per share on December 3, down from 81 cents per share in the same period last year, reflecting a significant decline in profitability that could undermine investor confidence.
- Market Reaction: Although Kenon Holdings' stock has risen approximately 13% over the past month, its RSI of 75.4 indicates it is also in overbought territory, suggesting potential adjustment pressures ahead.
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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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- Investor Sentiment: The pre-market gains for both companies suggest positive investor sentiment ahead of the market opening.
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Enlight Renewable Energy Downgraded to Underweight by JP Morgan, Stock Hits $51.50 High
- Price Volatility Warning: Enlight Renewable Energy's RSI at 71.9 indicates an overbought condition, and despite a 27% stock gain over the past month, JP Morgan downgraded its rating to Underweight while maintaining a $35 price target, signaling concerns about future performance.
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