ENLT:NASDAQEnlight Renewable Energy Ltd. Analysis

Enlight Renewable Energy (ENLT) has just secured a landmark power purchase agreement with Alphabet’s Google to supply electricity to data centers in Oklahoma, a catalyst that has driven the stock sharply higher and aligns with its strategic push into large‑scale commercial customers. Revenue growth of 42.6% and a gross margin of 72.8% underscore the company’s strong operating profile, yet the balance sheet is strained with a debt‑to‑equity ratio of 220 and negative free cash flow exceeding $1.8 B. On the technical side, the price of $85.72 sits below the 20‑day SMA ($95.75) and 50‑day SMA ($89.89), while the MACD is bearish and RSI hovers at 44, suggesting short‑term pressure despite a bullish overall trend direction. Valuation metrics are extreme: a trailing PE of 209 versus an industry average of 21, a DCF fair value of $26.77 and a downside of –3.8%, indicating the market is pricing in aggressive growth expectations that may be hard to sustain.