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11:09 | 18.05.2018
Frost & Sullivan Publishes Update on Enlight Renewable Energy – Revenues from sales of electricity in 2017 met expectations; full commercial operation in Ireland; a growing project pipeline; stock target price remains at 2.30

Frost & Sullivan Publishes Update on Enlight Renewable Energy – Revenues from sales of electricity in 2017 met expectations; full commercial operation in Ireland; a growing project pipeline; stock target price remains at 2.30Equity Research is published in the framework of the Tel Aviv Stock Exchange (TASE) Analysis ProgramTEL AVIV, Israel, May 18, 2018 /PRNewswire/ — TASE analysis project was launched in 2016 in order to raise the investors’ level of knowledge of TASE listed technology and life-science companies and the markets in which the companies operate, thus creating appropriate pricing and increasing the exposure of investors from Israel and abroad. Its goal is to encourage investments in these companies by removing the barrier of lacking understanding in the market.In order to maintain professional, independent and unbiased analysis, the companies signed an agreement with the TASE to receive the analysis services for an obligatory period of two years. The companies cannot withdraw from the project during this period. The analysis is funded by the companies surveyed with funding from the Chief Scientist and the TASE.Summary of HighlightsEnlight released its annual report on 28 March, 2018 detailing the following:The Company’s revenues from electricity totaled NIS 146 million, including electricity from the Company’s project in Ireland.
— Financially, the company is in a strong position, and plans to offer
bonds totaling NIS 120-150 million in April
— Full commercial operation in Ireland as of December 2017
Continued activity in the promotion and planning of the company’s development pipeline project (see below).
— Accumulated projects grew with the acquisition of the rights to three
projects in Hungary alongside the acquisition of rights to a 105MW
project in Kosovo.
— We estimate 20 projects and electricity production facilities with a
total capacity of 800 MW, which are wholly or partially owned by the
Company and rules for active installations (connected to the network) or
those in the process of development or execution.
We maintain the Company’s value at NIS 1.07 billion, corresponding to a target price ranging between NIS 2.17 and NIS 2.45; a mean of NIS 2.30 per share.
— Our estimate does not include projects in the Company’s pipeline at
various stages of development, for which we do not have accurate
information or whose probability of development is still low. Thus, in
our assessment, there exists additional growth potential for value
beyond that estimated.
About the company – Enlight Renewable Energy Ltd. is an Israeli company founded in 2008, which is publically traded on the Tel Aviv Stock Exchange. The company specializes 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. Once production rights are secured through government tenders, Enlight sells the electricity generated to utility companies and thereon to end users.Read the full report here [https://ww2.frost.com/research/equity-research/enlight-renewable-energy-ltd/].About Frost & SullivanFrost & 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 [http://www.frost.com/prod/servlet/register-form.pag?refpage=http%3A//www.frost.com/prod/servlet/frost-home.pag&SRC=PR]Contact: Kristi Cekani
Corporate Communications – Frost & Sullivan, Europe
P: +39.02.4851.6133
E: kristi.cekani@frost.com [mailto:kristi.cekani@frost.com]
http://www.frost.com [http://www.frost.com/]Frost & Sullivan

Web site: http://www.frost.com/


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