Enlight Renewable Energy (NASDAQ:ENLT) Releases Quarterly Earnings Results

Enlight Renewable Energy (NASDAQ:ENLT) released its quarterly earnings results on Tuesday. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.13, Zacks reports. The firm had revenue of $209.69 million for the quarter, compared to analysts’ expectations of $189.21 million. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%.

Here are the key takeaways from Enlight Renewable Energy’s conference call:

• Record quarterly performance: Q2 revenue and income rose 55% year over year to $210 million, adjusted EBITDA increased 67% to $160 million, net income reached $31 million, and operating cash flow grew 34% to $84 million.
• Enlight raised its 2026 guidance, targeting revenue of $790 million–$820 million and adjusted EBITDA of $565 million–$585 million, supported by strong first-half results, higher European and Israeli electricity prices, and increased Israeli trading activity.
• U.S. execution accelerated: The company closed $2.6 billion of financing for the 1.2 GW CO Bar solar-plus-storage complex, signed its first U.S. PPA with Google for 200 MW in Oklahoma, and secured 17.9 GW of safe-harbored U.S. capacity.
• The portfolio expanded to 43.1 GW, with mature projects rising 6% to 12.3 GW; Enlight expects more than 7 GW under construction and over 90% of its mature portfolio operating or under construction by year-end, supporting a substantial wave of 2027–2028 commercial operations.
• Growth requires significant capital deployment: first-half CapEx doubled to $1.3 billion, with approximately $700 million of additional equity investments expected; management says its $1.2 billion of liquidity and roughly $100 million quarterly operating cash flow are sufficient to fund the mature portfolio.

Enlight Renewable Energy Stock Up 9.5%

Shares of ENLT opened at $90.54 on Wednesday. Enlight Renewable Energy has a 1 year low of $22.95 and a 1 year high of $108.65. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a 50 day simple moving average of $89.99 and a two-hundred day simple moving average of $79.30. The firm has a market cap of $10.74 billion, a P/E ratio of 210.56, a P/E/G ratio of 22.45 and a beta of 1.68.

Insider Activity

In other news, insider Ilan Goren sold 26,622 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $103.76, for a total value of $2,762,298.72. Following the completion of the sale, the insider owned 42,835 shares of the company’s stock, valued at approximately $4,444,559.60. This represents a 38.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Gilad Yavetz sold 100,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $91.78, for a total transaction of $9,178,000.00. Following the transaction, the chairman directly owned 846,436 shares in the company, valued at approximately $77,685,896.08. This represents a 10.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 313,597 shares of company stock valued at $29,830,515.

Institutional Trading of Enlight Renewable Energy

Hedge funds have recently added to or reduced their stakes in the business. Amundi grew its stake in shares of Enlight Renewable Energy by 2.3% during the first quarter. Amundi now owns 74,681 shares of the company’s stock valued at $1,160,000 after buying an additional 1,647 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Enlight Renewable Energy by 0.7% in the second quarter. Geode Capital Management LLC now owns 108,157 shares of the company’s stock worth $2,458,000 after purchasing an additional 773 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Enlight Renewable Energy during the 2nd quarter valued at $815,000. First Trust Advisors LP raised its stake in shares of Enlight Renewable Energy by 9.6% during the second quarter. First Trust Advisors LP now owns 70,516 shares of the company’s stock valued at $1,600,000 after acquiring an additional 6,201 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Enlight Renewable Energy by 9.7% in the second quarter. Canada Pension Plan Investment Board now owns 279,789 shares of the company’s stock worth $6,348,000 after purchasing an additional 24,653 shares during the last quarter. 38.89% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ENLT. Barclays upped their price objective on shares of Enlight Renewable Energy from $83.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Truist Financial started coverage on shares of Enlight Renewable Energy in a research note on Monday, July 13th. They issued a “buy” rating and a $106.00 price target for the company. JPMorgan Chase & Co. increased their price target on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on shares of Enlight Renewable Energy and gave the company a “hold” rating in a research report on Thursday, April 9th. Finally, UBS Group dropped their price objective on shares of Enlight Renewable Energy from $123.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.00.

Enlight Renewable Energy Company Profile

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) is an independent power producer specializing in the development, financing, construction and operation of renewable energy assets. The company’s portfolio encompasses utility-scale solar photovoltaic (PV) farms, onshore wind farms and energy storage facilities. By providing end-to-end project management—from site identification and feasibility studies through engineering procurement and construction (EPC) to long-term operations and maintenance—Enlight seeks to deliver reliable clean power under long-term power purchase agreements (PPAs).

Founded in 2008 and headquartered in Tel Aviv, Enlight has pursued an international growth strategy with operational and development projects in Israel and Western Europe.