Bloomberg News

Enlight Rises After Saying Price Cut Won’t Affect Debt Repayment

November 02, 2011

Nov. 2 (Bloomberg) -- Enlight Renewable Energy Ltd. climbed the most since Sept. 25 after the developer of photovoltaic systems said a possible solar price cut won’t affect debt payment.

Shares in the company traded 10 percent higher to 0.328 shekel at 12:08 p.m. in Tel Aviv, giving the company a market value of 70 million shekels ($19 million).

--Editors: James Kraus, Peter Branton

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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