Truist cut target for Enlight Renewable Energy stock to USD 104.00

Published on 10/08/2026 at 13:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Truist set its target at USD 104.00, down from USD 106.00, on September 28, 2026. Enlight Renewable Energy stock drew four Buy ratings among eight firms.

Enlight Renewable Energy, IL0007200111, Illustration mit AI erstellt.

Truist Financial cut its price target for Enlight Renewable Energy stock from USD 106.00 to USD 104.00 on September 28, 2026, while retaining a Buy rating, according to MarketBeat. The revision follows Enlight's second-quarter 2026 results, which showed revenue and income of USD 210.0 million, up 55.00 percent from USD 135.0 million a year earlier.

Three milestones shaped the year

On July 20, 2026, Barclays raised its target from USD 83.00 to USD 89.00 and assigned an Overweight rating, as reported by MarketBeat. On August 4, 2026, Enlight reported second-quarter adjusted EBITDA of USD 160.0 million, up 67.00 percent from USD 96.0 million, according to Yahoo Finance. The figure included USD 17.0 million from a follow-on sale of an additional 50 percent interest in the Sunlight Cluster.

On September 28, 2026, Truist lowered its target to USD 104.00 from USD 106.00 and maintained Buy, making that the latest dated analyst action in the recent coverage record.

What does the result mean for margins?

The earnings mix matters because the company said electricity trading in Israel is expanding revenue while carrying a lower adjusted EBITDA margin. That explains why 2026 revenue guidance rose by 4.50 percent at the midpoint to USD 805.0 million, while adjusted EBITDA guidance rose by 3.60 percent to USD 575.0 million, according to Yahoo Finance. The same call reported operating cash flow of USD 84.0 million in the second quarter, up 34.00 percent year over year.

Next reporting date

Yahoo Finance lists November 11, 2026 as the scheduled date for Enlight's third-quarter 2026 earnings announcement.

Analyst split keeps the picture mixed

MarketBeat counted four Buy, two Hold and two Sell ratings among eight firms, producing a consensus rating of Hold and an average target of USD 74.71. Finance data placed Enlight Renewable Energy's market capitalization at USD 9.2 billion on October 7, 2026, while its primary listing is Nasdaq under ticker ENLT.