Enlight Renewable Energy (NASDAQ:ENLT) Releases Earnings Results, Beats Expectations By $0.07 EPS

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

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 Trading Down 1.6%

NASDAQ ENLT traded down $1.09 on Tuesday, hitting $65.40. The company’s stock had a trading volume of 48,791 shares, compared to its average volume of 187,156. The firm has a market cap of $7.75 billion, a P/E ratio of 105.57, a PEG ratio of 22.38 and a beta of 1.70. Enlight Renewable Energy has a 52-week low of $32.87 and a 52-week high of $108.65. The company’s 50-day simple moving average is $71.76 and its 200 day simple moving average is $77.64. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.31.

Insider Activity

In related news, insider Ilan Goren sold 2,700 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $64.81, for a total transaction of $174,987.00. Following the completion of the transaction, the insider owned 40,135 shares in the company, valued at $2,601,149.35. This represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Amit Paz sold 4,329 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $76.57, for a total value of $331,471.53. Following the completion of the sale, the insider directly owned 279,683 shares of the company’s stock, valued at $21,415,327.31. The trade was a 1.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 10,526 shares of company stock valued at $755,406.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Mizuho decreased their price target on Enlight Renewable Energy from $45.00 to $41.00 and set an “underperform” rating on the stock in a research note on Tuesday, October 13th. Weiss Ratings lowered Enlight Renewable Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Zacks Research upgraded shares of Enlight Renewable Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Barclays lifted their target price on shares of Enlight Renewable Energy from $83.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Enlight Renewable Energy from $80.00 to $65.00 and set an “underweight” rating on the stock in a research note on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Enlight Renewable Energy currently has a consensus rating of “Hold” and an average price target of $74.86.

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.