Doral Energy Joins TA 35 Index Despite Stock Decline
Translated & summarized from Calcalist by baba
Doral Energy, a renewable energy firm, will join Israel's TA 35 stock index despite a 17.2% stock price drop in the past six months. The company has expanded rapidly, with significant projects in the US and Israel, and has entered the data center market. Analyst Gilad Ben Tzvi attributes the stock decline to profit-taking and market pricing of future growth, while Doral projects substantial revenue increases by 2027. Despite revenue growth in late 2026, the company reported losses due to ongoing investments.
The story in 6 lines · by baba
- Doral Energy will join Israel's TA 35 stock index after rapid expansion.
- The company's stock price has fallen 17.2% in the last six months.
- Doral has major solar projects in Indiana, USA, and Israel.
- The company is entering the data center market in Israel.
- Analyst Gilad Ben Tzvi cited market conditions and profit-taking for the stock drop.
- Doral projects at least 43% revenue growth by 2027.
Doral Energy, the second-largest renewable energy company in Israel's TA 35 index, is set to join the benchmark index following a period of rapid expansion. Despite this significant corporate milestone, the company's stock price has fallen by 17.2% in the last six months. Doral experienced a massive surge of 560% between August 2025 and May 2026, but has since lost approximately 50% of its value. Nevertheless, the company's scale is sufficient for its inclusion in the TA 35 index.
Gilad Ben Tzvi, an energy analyst at Leader, explained that "many things have aligned for the stock." He noted that Doral has grown by capitalizing on the market trend for electricity generation companies that can benefit from the increasing demand for server farms. Doral has a broad presence in the United States, a key demand center, as well as in Israel.
Ben Tzvi attributes the stock's decline to market conditions, stating, "There is great anticipation, and the stock reflects future pricing. The drop might be due to players taking profits home. Overall, Doral has raised its forecasts and reports new projects and growth."
Doral recently announced it received building permits for two solar projects in Indiana, USA, totaling approximately 1,100 megawatts. These will complement its existing solar field there, bringing its total capacity to 2,700 megawatts. In Israel, Doral is preparing to connect the Hadar Shan solar field to the grid, which has a capacity of 175 megawatts from solar panels and a 722 megawatt-hour energy storage system.
In Europe, Doral completed the acquisition of Zephyrus, a Polish renewable energy company focused on solar and wind power, and operates in Denmark, Italy, and Romania. Furthermore, Doral is entering the data center sector, with projects in Israel planned in collaboration with Ampa, utilizing renewable energy and bypassing potential grid connection limitations announced by the Israel Electric Corporation.
Doral projects revenue growth, forecasting at least a 43% increase by 2027. However, current investments exceed revenues, leading to losses. In the second half of 2026, Doral's revenues rose 51% year-over-year to 323.7 million shekels, while losses increased slightly by 1.5% to approximately 331 million shekels. Ben Tzvi characterizes Doral as a "growth company expected to grow significantly, and it will take time for profits to reflect this."
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