Rare Opportunity on the Tel Aviv Stock Exchange: Analysts Forecast 72% Upside
Phoenix Brokerage has upgraded its buy recommendation for Solair Renewable Energies with a target price of 163 shekels, representing a 72% upside driven by major projects in Poland and Valencia.
Solair Renewable Energies continues to demonstrate strong development and growth momentum, according to the second quarter 2026 results update report published by Phoenix Brokerage. Analysts from the Phoenix group recommend the stock as a "buy" with a target price of 163 shekels, reflecting an upside of approximately 72% from its current market price.
The company's growth engines include a connection plan of approximately 700 MW by the end of the year, alongside the massive advancement of a project backlog totaling 2.7 GW and 7.7 GWh of storage systems. Among the notable moves is the closing of the deal in Poland (268 MW) in partnership with Clal Insurance, intended to generate annual revenues of approximately 27.6 million euros, alongside an expected deal in Valencia.
Alongside the expansion of global operations, including agro-voltaic projects in Italy and wind projects in Chile, Solair is deepening its activity in the fields of water desalination and data centers. These areas are expected to serve as a significant force multiplier for energy operations. According to the company's forecasts, by the end of 2028, the mature backlog is expected to reach full operation, which will generate annual revenues of approximately 1.05 billion shekels and an EBITDA of approximately 850 million shekels.
