Enlightening! If you bought Enlight stock a year ago, your portfolio would be dazzling.
Though it might be frigid in many parts of the world, it has been a sunny January for Israel-based Enlight Renewable Energy Solutions. So far this month, the photovoltaic (PV) solar power integrator has announced deals to install 13-16 small PV units for two different localities, as well as 45 PV solar installations for IDF bases. Investors in Enlight, a public company traded on the Tel Aviv Stock Exchange, also have good cause to feel warm and fuzzy: The stock has delivered a handsome return of 154% over the past year.
Enlight’s share price began to climb during the second half of 2010 as the company won a series of solar contracts, including two separate deals to install a total of 20 rooftop PV systems on public buildings in Kiryat Yam and Kiryat Bialik (suburbs of Haifa), agreements with two Italian companies to set up ground and rooftop solar energy facilities, and two 630-kilowatt PV facilities at the communities of Yonatan and Ramat Magshimim on the Golan Heights.
Earlier this month, the Globes business newspaper reported that Enlight won two separate tenders from the Hod Hasharon Municipality and the Ramat Hanegev Regional Council to install 13-16 PV facilities to generate a total of 500-700 kilowatts of electricity. This was followed by a report this week on Enlight’s plan to install 45 rooftop units on IDF bases, each generating 50 kilowatts for a total of 2.25 megawatts.
Image via Enlight.
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