TEL AVIV, Israel, May 16, 2018
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Summary of Highlights
Energix released its annual report on 12 March, 2018 detailing the following:
The company operates in a highly regulated market, with growth dependent upon political sentiment towards renewables, the availability of financing and interest rates.
We increase Energix's equity value to $425.2M / NIS 1,526.49M corresponding to a target price ranging between NIS 3.85 a NIS 4.29; a mean of NIS 4.05.
About the Company - Energix Renewable Energies Ltd. (hereinafter "Energix" or "the Company") is a renewable energy company, currently active in the field of Solar Photovoltaic (PV) and Wind Energies. As one of the largest Israeli Independent Power Producers (IPPs), the company initiates, develops, constructs and owns long-term renewable energy projects. Once it has secured production rights through government tenders, Energix sells the generated electricity to utility companies who distribute electricity to end users. Energix shares have traded on the Tel Aviv Stock Exchange since 2011.
Read the full report here.
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