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

Enlight Renewable Energy (NASDAQ:ENLT) issued its quarterly earnings data on Tuesday. The company reported $0.20 EPS for the quarter, topping the consensus estimate 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 Price Performance

Shares of NASDAQ ENLT traded down $1.09 during trading hours on Tuesday, reaching $65.40. 48,791 shares of the stock traded hands, compared to its average volume of 187,156. The company has a market capitalization of $7.75 billion, a P/E ratio of 105.57, a price-to-earnings-growth ratio of 22.38 and a beta of 1.70. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.31. 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 two-hundred day simple moving average is $77.64.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ENLT shares. Zacks Research upgraded shares of Enlight Renewable Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Truist Financial decreased their price target on shares of Enlight Renewable Energy from $106.00 to $104.00 and set a “buy” rating on the stock in a report on Monday, September 28th. UBS Group lowered their price objective 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. Wall Street Zen downgraded shares of Enlight Renewable Energy from a “hold” rating to a “sell” rating in a report on Sunday, October 25th. Finally, Weiss Ratings lowered shares of Enlight Renewable Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.