Enlight Renewable Energy (NASDAQ:ENLT) Releases Earnings Results, Beats Estimates By $0.01 EPS

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

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 Stock Down 9.1%

Shares of ENLT traded down $8.51 during trading hours on Thursday, hitting $85.09. The company had a trading volume of 320,463 shares, compared to its average volume of 150,881. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $10.09 billion, a PE ratio of 197.89, a price-to-earnings-growth ratio of 11.41 and a beta of 1.51. Enlight Renewable Energy has a one year low of $16.87 and a one year high of $93.85. The company’s fifty day moving average price is $76.05 and its two-hundred day moving average price is $56.86.

Analyst Ratings Changes

Several research firms have recently weighed in on ENLT. JPMorgan Chase & Co. lifted their price target on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday. UBS Group lifted their target price on Enlight Renewable Energy from $93.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday. Mizuho set a $37.00 target price on Enlight Renewable Energy in a report on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. Finally, Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $60.17.

Institutional Trading of Enlight Renewable Energy

Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in Enlight Renewable Energy by 256.1% during the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 881 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of Enlight Renewable Energy in the fourth quarter valued at approximately $277,000. AQR Capital Management LLC acquired a new stake in shares of Enlight Renewable Energy in the fourth quarter worth approximately $283,000. Quadrature Capital Ltd purchased a new stake in shares of Enlight Renewable Energy during the fourth quarter worth approximately $355,000. Finally, OLD Mission Capital LLC acquired a new position in Enlight Renewable Energy in the 4th quarter valued at $363,000. 38.89% of the stock is owned by hedge funds and other institutional investors.

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.