Energix Renewable Energies Ltd.: Completion of stage II connection to the company’s flagship Polish project and successful capital raising are positive indicators. We have raised the price target to NIS 3.82.

Energix. Favorable regulatory changes in Poland support the continued growth of the company’s operations; Expectation of regulatory progress in the company’s flagship project – the Aran project in the Golan Heights; all projects in development are progressing according to schedule; target price remains at NIS 4.61.