Enlight Renewable Energy (NASDAQ:ENLT) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Enlight Renewable Energy (NASDAQ:ENLT) posted its quarterly earnings results on Tuesday. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07, Zacks reports. The business had revenue of $186.71 million during the quarter, compared to analysts’ expectations of $660.41 million. Enlight Renewable Energy had a net margin of 12.35% and a return on equity of 3.52%.

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

• Record third-quarter results included revenue and income of $231 million, up 40% year over year, Adjusted EBITDA of $154 million, up 38%, and operating cash flow of approximately $104 million.
• Enlight raised and narrowed its 2026 guidance to $810–$830 million of revenue and $575–$590 million of Adjusted EBITDA, citing strong year-to-date performance, higher power prices, and improved expectations for its Israeli electricity-trading business.
• The company is accelerating project execution, with 1.2 factored gigawatts entering construction this quarter and another 1.3 gigawatts expected to start soon; management expects roughly 80% of its mature portfolio to be operational or under construction by year-end.
• Enlight expanded its European storage platform with two Finnish acquisitions totaling 858 megawatt-hours, while its mature European portfolio reached 4.2 factored gigawatts and an estimated $630 million annual revenue run rate.
• The company terminated legacy PPAs for its Gemstone and Rustic Hills projects, incurring $20 million in fees while seeking replacement contracts; management expects improved economics but acknowledged the projects remain dependent on securing new offtake.

Enlight Renewable Energy Price Performance

ENLT stock traded down $1.29 during mid-day trading on Tuesday, hitting $65.20. 55,908 shares of the stock were exchanged, compared to its average volume of 187,213. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 105.29, a PEG ratio of 22.38 and a beta of 1.70. The business has a fifty day moving average price of $71.76 and a 200 day moving average price of $77.64. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.12 and a quick ratio of 1.12. Enlight Renewable Energy has a 12 month low of $32.87 and a 12 month high of $108.65.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ENLT. Mizuho decreased their target price on Enlight Renewable Energy from $45.00 to $41.00 and set an “underperform” rating for the company in a research report on Tuesday, October 13th. Truist Financial cut their target price on Enlight Renewable Energy from $106.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, September 28th. Barclays increased their target price on shares of Enlight Renewable Energy from $83.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Zacks Research raised Enlight Renewable Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Finally, Wall Street Zen downgraded shares of Enlight Renewable Energy from a “hold” rating to a “sell” rating in a research report on Sunday, October 25th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $74.86.

Insider Activity

In other Enlight Renewable Energy news, insider Amit Paz sold 2,221 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $73.94, for a total value of $164,220.74. Following the completion of the sale, the insider directly owned 277,462 shares of the company’s stock, valued at $20,515,540.28. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ilan Goren sold 2,700 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $64.81, for a total value of $174,987.00. Following the transaction, the insider directly owned 40,135 shares in the company, valued at $2,601,149.35. This trade represents a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 10,526 shares of company stock valued at $755,406.

Enlight Renewable Energy Company Profile

Enlight Renewable Energy Ltd. (NASDAQ: ENLT) is a renewable energy company that develops, finances, constructs, owns and operates clean energy projects. Its activities include utility-scale solar photovoltaic, wind power and energy storage projects.

The company manages projects across multiple stages of the renewable energy lifecycle, from development and permitting through construction and long-term operation. Its portfolio and development activities span Israel, the United States and selected European markets.

Founded in 1988, Enlight is headquartered in Israel and is also listed on the Tel Aviv Stock Exchange.