Enlight Renewable Energy (NASDAQ:ENLT) Announces Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Enlight Renewable Energy (NASDAQ:ENLT) released its earnings results on Tuesday. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.07 by $0.13, Zacks reports. Enlight Renewable Energy had a net margin of 12.35% and a return on equity of 3.65%. The firm had revenue of $209.69 million for the quarter, compared to analysts’ expectations of $189.21 million.

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 Price Performance

Shares of Enlight Renewable Energy stock traded up $2.52 during mid-day trading on Thursday, reaching $84.91. 110,942 shares of the stock were exchanged, compared to its average volume of 190,359. The company has a market cap of $10.07 billion, a price-to-earnings ratio of 136.87, a price-to-earnings-growth ratio of 24.58 and a beta of 1.68. The firm has a 50-day simple moving average of $89.59 and a 200 day simple moving average of $79.53. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68. Enlight Renewable Energy has a fifty-two week low of $23.19 and a fifty-two week high of $108.65.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ENLT shares. Truist Financial assumed coverage on shares of Enlight Renewable Energy in a research report on Monday, July 13th. They issued a “buy” rating and a $106.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $65.00 price target on Enlight Renewable Energy and gave the company a “hold” rating in a research report on Thursday, April 9th. UBS Group dropped their target price on shares of Enlight Renewable Energy from $123.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. JPMorgan Chase & Co. increased their price objective on Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised Enlight Renewable Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $75.00.

Insider Buying and Selling at Enlight Renewable Energy

In other Enlight Renewable Energy news, SVP Meron Carr sold 3,329 shares of Enlight Renewable Energy stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $103.44, for a total value of $344,351.76. Following the completion of the transaction, the senior vice president owned 42,465 shares in the company, valued at approximately $4,392,579.60. The trade was a 7.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Israeli Ayelet Cohen sold 10,123 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $108.50, for a total value of $1,098,345.50. Following the completion of the sale, the vice president owned 20,974 shares of the company’s stock, valued at approximately $2,275,679. This trade represents a 32.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 290,355 shares of company stock worth $27,722,530 over the last 90 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Invesco Ltd. boosted its position in shares of Enlight Renewable Energy by 19.0% in the 4th quarter. Invesco Ltd. now owns 1,468,914 shares of the company’s stock worth $66,777,000 after purchasing an additional 234,306 shares during the last quarter. First Trust Advisors LP boosted its stake in Enlight Renewable Energy by 269.0% during the 3rd quarter. First Trust Advisors LP now owns 260,192 shares of the company’s stock worth $8,006,000 after acquiring an additional 189,676 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Enlight Renewable Energy by 35.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 607,377 shares of the company’s stock valued at $27,611,000 after purchasing an additional 157,944 shares during the period. Amundi increased its stake in Enlight Renewable Energy by 185.8% in the fourth quarter. Amundi now owns 218,708 shares of the company’s stock valued at $9,942,000 after purchasing an additional 142,173 shares in the last quarter. Finally, Informed Momentum Co LLC acquired a new stake in Enlight Renewable Energy in the fourth quarter worth $4,797,000. Institutional investors own 38.89% of the company’s stock.

About Enlight Renewable Energy

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.