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Nofar Energy
(TASE:NOFR)
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Rating:43Neutral
Price Target:
13,500.00
▼(-21.33% Downside)
Action:Reiterated
Date:08/22/26
The score is primarily weighed down by weak cash generation (negative operating and free cash flow) and very high leverage (debt-to-equity ~5.25x), which increase funding and execution risk. Technicals also point to a soft trend (price below key moving averages and negative MACD). Revenue growth and a return to positive TTM profitability help, but the very high P/E limits the overall score.
Positive Factors
Revenue Growth
Revenue growth of approximately 16% indicates continued expansion in the company’s operating base and demand for its renewable power activities. Sustained top-line progress can improve asset utilization, support project development, and provide a foundation for stronger earnings as the portfolio matures.
Negative Factors
Very High Leverage
Debt has risen substantially relative to equity, leaving the balance sheet increasingly debt-heavy. Leverage at approximately 5.25x can constrain financial flexibility, increase refinancing and interest burdens, and make future renewable project expansion more dependent on continued access to external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue growth of approximately 16% indicates continued expansion in the company’s operating base and demand for its renewable power activities. Sustained top-line progress can improve asset utilization, support project development, and provide a foundation for stronger earnings as the portfolio matures.
Read all positive factors
Nofar Energy (NOFR) vs. iShares MSCI Israel ETF (EIS)
Market Cap
₪5.56B
Dividend YieldN/A
Average Volume (3M)145.77K
Price to Earnings (P/E)41.1
Beta (1Y)1.47
Revenue Growth18.72%
EPS GrowthN/A
CountryIL
Employees364
SectorGeneral
Sector StrengthN/A
IndustryRenewable Utilities
Share Statistics
EPS (TTM)3.40
Shares Outstanding39,715,168
10 Day Avg. Volume204,664
30 Day Avg. Volume145,771
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)2.30
Price to Sales (P/S)13.71
P/FCF Ratio-3.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nofar Energy Business Overview & Revenue Model
Company Description
O.Y. Nofar Energy Ltd develops, designs, licenses, constructs, and operates photovoltaic systems on rooftops in Israel. It engages in the initiation, financing, construction, operation, and maintenance of solar power generation systems, wind power...
Nofar Energy Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
28
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 368.27M | 311.30M | 313.21M | 320.78M | 324.57M | 360.76M |
| Gross Profit | 36.88M | 22.62M | 48.74M | 2.30M | 2.26M | 33.73M |
| EBITDA | 141.99M | 53.85M | 133.55M | 61.06M | 216.61M | 16.16M |
| Net Income | 123.41M | 90.13M | -26.91M | -88.66M | 153.75M | 4.38M |
Balance Sheet | ||||||
| Total Assets | 13.21B | 6.48B | 6.23B | 5.67B | 4.62B | 2.17B |
| Cash, Cash Equivalents and Short-Term Investments | 1.17B | 618.74M | 410.13M | 671.40M | 736.63M | 904.35M |
| Total Debt | 8.76B | 4.33B | 3.42B | 2.53B | 1.59B | 588.34M |
| Total Liabilities | 10.47B | 4.60B | 3.82B | 2.90B | 2.09B | 724.79M |
| Stockholders Equity | 2.00B | 1.86B | 1.63B | 1.82B | 1.62B | 1.39B |
Cash Flow | ||||||
| Free Cash Flow | -2.09B | -1.35B | -860.62M | -374.38M | -321.99M | -125.70M |
| Operating Cash Flow | -298.79M | -190.31M | 43.25M | -65.64M | -234.61M | -103.65M |
| Investing Cash Flow | -2.40B | -1.29B | -1.07B | -384.21M | -1.07B | -355.35M |
| Financing Cash Flow | 3.28B | 1.74B | 713.26M | 890.72M | 602.48M | 888.89M |
Nofar Energy Technical Analysis
Negative
17160.00
Price Trends
17591.20
Negative
20192.70
Negative
17637.35
Negative
Market Momentum
-997.48
Positive
29.87
Positive
13.06
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:NOFR, the sentiment is Negative. The current price of 17160 is above the 20-day moving average (MA) of 16144.50, below the 50-day MA of 17591.20, and below the 200-day MA of 17637.35, indicating a bearish trend. The MACD of -997.48 indicates Positive momentum. The RSI at 29.87 is Positive, neither overbought nor oversold. The STOCH value of 13.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IL:NOFR.
Nofar Energy Peers Comparison
UnderperformOutperform
Sector (55)
IL:NOFR
Nofar Energy
13,500.00
2,500.00
22.73%
IL:ORL
Oil Refineries
194.90
111.59
133.94%
IL:NFTA
Naphtha
2,605.00
301.86
13.11%
IL:CDEV
Cohen Dev
14,600.00
-4,505.11
-23.58%
IL:MSKE
Meshek Energy
951.00
346.00
57.19%
IL:PRIM
Prime Energy
3,664.00
2,314.00
171.41%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.