Enlight Renewable Energy First Quarter 2024 Earnings: EPS: US$0.14 (vs US$0.22 in 1Q 2023)

Enlight Renewable Energy (TLV:ENLT) First Quarter 2024 Results

Key Financial Results

• Revenue: US$90.4m (up 27% from 1Q 2023).
• Net income: US$16.8m (down 30% from 1Q 2023).
• Profit margin: 19% (down from 34% in 1Q 2023).
• EPS: US$0.14 (down from US$0.22 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Enlight Renewable Energy Earnings Insights

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Renewable Energy industry in Asia.

Performance of the market in Israel.

The company's shares are up 9.7% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Enlight Renewable Energy that you should be aware of.

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