ENLT Similar Chart Price Prediction
The price of ENLT is predicted to go up 2.57%, based on the high correlation periods with BIO. The similarity of these two price pattern on the periods is 92.58%.
ENLT
BIO
Up: 2.57%Similarity: 92.58%
ENLT Revenue Forecast
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ENLT Analyst's Forecast
Mark Strouse
JP Morgan
Hold
Price Target
$17 → $18
Upside
+10.97%
JPMorgan raised the firm's price target on Enlight Renewable to $18 from $17 and keeps a Neutral rating on the shares as part of a Q4 earnings preview for the clean energy space. The firm continues to expect the space to remain volatile until there is better clarity into potential Inflation Reduction Act changes, which it believes could drag into the latter half of the year for certain subsectors and incentives. Fundamentally, JPMorgan continues to favor utility-scale over residential given its view that the recent spike in interest rates is relatively more negative for residential, though it notes that utility-scale challenges also remain including permitting and interconnection timing and availability of transformers.
Christine Cho
Barclays
Buy
Price Target
$20 → $21
Upside
+29.39%