Enlight Renewable Energy (NASDAQ:ENLT) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Enlight Renewable Energy (NASDAQ:ENLT) issued its quarterly earnings data on Tuesday. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01, Zacks reports. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.67%. The business had revenue of $156.49 million during the quarter, compared to the consensus estimate of $202.45 million.

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

• We delivered a strong start to 2026 with Q1 revenues of $200M (+54% YoY) and adjusted EBITDA of $154M (+58% YoY excl. the Sunlight sell?down), management reaffirmed FY2026 guidance and reiterated a path to a >$2.1B revenue run?rate by end?2028.
• The U.S. is now the largest segment (37% of revenues) after Roadrunner and Quail Ranch ramped, the U.S. portfolio reached ~20 factored GW with 60%+ of advanced projects completing system impact studies, and 15–17 GW expected to be safe?harbored in 2026, supporting substantial near?term buildout.
• Some CODs were pushed from late 2027 into early 2028 (notably parts of Cobar 4 & 5 and one Europe project) due to supplier changes and re?engineering to improve returns, which reduced the 2027 factor?GW outlook and near?term ARR versus the prior quarter.
• Financial flexibility strengthened — the company raised roughly $740M, holds $709M cash at top?co (plus $270M at subsidiaries), has available credit and LC/surety capacity, and secured domestic battery supply for key phases to mitigate tariff and supply?chain risk.
• Longer?term growth pillars include a 14 GWh European storage portfolio (4.9 GWh mature), rapid agrivoltaics expansion in Israel (~3 factored GW of land agreements), and structural global storage demand, but these are multi?year, development?stage opportunities.

Enlight Renewable Energy Price Performance

Enlight Renewable Energy stock traded down $8.51 during midday trading on Thursday, reaching $85.09. The company had a trading volume of 320,463 shares, compared to its average volume of 150,881. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.67 and a quick ratio of 0.67. Enlight Renewable Energy has a 12-month low of $16.87 and a 12-month high of $93.85. The company has a market capitalization of $10.09 billion, a P/E ratio of 197.89, a P/E/G ratio of 11.41 and a beta of 1.51. The firm’s fifty day simple moving average is $76.05 and its 200-day simple moving average is $56.86.

Hedge Funds Weigh In On Enlight Renewable Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in Enlight Renewable Energy by 0.9% during the 4th quarter. Advisors Asset Management Inc. now owns 26,865 shares of the company’s stock worth $1,221,000 after purchasing an additional 251 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Enlight Renewable Energy by 16.7% in the fourth quarter. Bank of Montreal Can now owns 10,041 shares of the company’s stock worth $456,000 after buying an additional 1,440 shares in the last quarter. TD Asset Management Inc boosted its position in Enlight Renewable Energy by 17.8% during the fourth quarter. TD Asset Management Inc now owns 17,732 shares of the company’s stock worth $806,000 after acquiring an additional 2,680 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Enlight Renewable Energy by 1.0% during the third quarter. Public Employees Retirement System of Ohio now owns 45,693 shares of the company’s stock worth $1,409,000 after acquiring an additional 472 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in Enlight Renewable Energy by 18.8% during the 2nd quarter. Tidal Investments LLC now owns 15,943 shares of the company’s stock valued at $362,000 after acquiring an additional 2,527 shares in the last quarter. Hedge funds and other institutional investors own 38.89% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ENLT. UBS Group lifted their price target on Enlight Renewable Energy from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. JPMorgan Chase & Co. raised their price objective on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday. Mizuho set a $37.00 target price on Enlight Renewable Energy in a research note on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $65.00 target price on Enlight Renewable Energy and gave the company a “hold” rating in a research report on Thursday, April 9th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.17.

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.