Announcement • Jul 08
Enlight Renewable Energy Ltd to Report Q2, 2026 Results on Aug 04, 2026 Enlight Renewable Energy Ltd announced that they will report Q2, 2026 results Pre-Market on Aug 04, 2026 Seeking Alpha • Jul 06
Enlight Renewable Energy: Building Long-Term Shareholder Wealth, Best Accumulated On Dips Summary
ENLT develops, finances, owns, and operates utility-scale solar, wind, and battery storage assets, creating long-term contracted cash flows and recurring value.
The company funds expansion through non-recourse project financing, tax-equity partnerships, mezzanine financing, and internal cash generation, supporting portfolio growth while limiting shareholder dilution.
An expanding development pipeline, a growing battery storage portfolio, corporate PPAs, and AI-driven electricity demand are expected to support future earnings and cash flow growth.
Although ENLT trades at a premium valuation, its business quality, disciplined execution, and long-term earnings potential support accumulating the stock during market pullbacks.
Read the full article on Seeking Alpha Recent Insider Transactions • May 29
Independent Director recently sold US$6.9m worth of stock On the 25th of May, Shai Weil sold around 73k shares on-market at roughly US$93.68 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$8.4m more than they bought in the last 12 months. Recent Insider Transactions • May 15
Insider recently sold US$592k worth of stock On the 12th of May, Marko Liposcak sold around 6k shares on-market at roughly US$92.53 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • May 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 35% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). High level of non-cash earnings (35% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding). Reported Earnings • May 06
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$0.18 (down from US$0.80 in 1Q 2025). Revenue: US$199.6m (up 82% from 1Q 2025). Net income: US$24.1m (down 75% from 1Q 2025). Profit margin: 12% (down from 86% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 140%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Renewable Energy industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 16
Enlight Renewable Energy Ltd to Report Q1, 2026 Results on May 05, 2026 Enlight Renewable Energy Ltd announced that they will report Q1, 2026 results Pre-Market on May 05, 2026 Reported Earnings • Apr 01
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: US$1.07 (up from US$0.37 in FY 2024). Revenue: US$488.6m (up 29% from FY 2024). Net income: US$132.1m (up 199% from FY 2024). Profit margin: 27% (up from 12% in FY 2024). Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Renewable Energy industry in the US. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 22
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: US$1.07 (up from US$0.37 in FY 2024). Revenue: US$488.6m (up 29% from FY 2024). Net income: US$132.1m (up 199% from FY 2024). Profit margin: 27% (up from 12% in FY 2024). Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Renewable Energy industry in the US. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). High level of non-cash earnings (32% accrual ratio). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). New Risk • Feb 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Feb 20
Enlight Renewable Energy Ltd announced that it expects to receive ILS 1.32053152 billion in funding Enlight Renewable Energy Ltd announces a private placement to issue 6,002,416 ordinary shares at a price of ILS 220 per share for gross proceeds of ILS 1,320,531,520 on February 19, 2026. The closing of the Private Placement is subject to the satisfaction of customary closing conditions, including receipt of an approval from the Tel Aviv Stock Exchange Ltd. (“TASE”) for trade on the TASE of the Ordinary Shares. it has received and accepted, following the approval of its Board of Directors. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to US$75.27, the stock trades at a trailing P/E ratio of 78.5x. Average forward P/E is 15x in the Renewable Energy industry in the US. Total returns to shareholders of 340% over the past three years. Announcement • Feb 17
Enlight Renewable Energy Ltd Provides Earnings Guidance for the Year 2026 Enlight Renewable Energy Ltd. provides earnings guidance for the year 2026. For the year, the company total revenues and income are expected to range between $755 million and $785 million, a 32% increase (at the midpoint) from 2025. Announcement • Jan 22
Enlight Renewable Energy Ltd to Report Q4, 2025 Results on Feb 17, 2026 Enlight Renewable Energy Ltd announced that they will report Q4, 2025 results Pre-Market on Feb 17, 2026 Price Target Changed • Jan 16
Price target increased by 8.2% to US$41.83 Up from US$38.67, the current price target is provided by 1 analyst. New target price is 18% below last closing price of US$51.20. Stock is up 199% over the past year. The company posted earnings per share of US$0.37 last year. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$45.15, the stock trades at a trailing P/E ratio of 48.1x. Average forward P/E is 14x in the Renewable Energy industry in the US. Total returns to shareholders of 159% over the past year. Reported Earnings • Nov 14
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: US$0.18 (up from US$0.12 in 3Q 2024). Revenue: US$165.1m (up 51% from 3Q 2024). Net income: US$22.0m (up 55% from 3Q 2024). Profit margin: 13% (in line with 3Q 2024). Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) exceeded analyst estimates by 102%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Renewable Energy industry in the US. Announcement • Nov 13
Enlight Renewable Energy Ltd Raises Earning Guidance for the Full Year 2025 Enlight Renewable Energy Ltd. raised earning guidance for the full year 2025. For the year, the company expects Revenue to be $555 million to 565 million from $520 million to 535 million previously. Announcement • Oct 21
Enlight Renewable Energy Ltd to Report Q3, 2025 Results on Nov 12, 2025 Enlight Renewable Energy Ltd announced that they will report Q3, 2025 results at 12:46 PM, Israel Standard Time on Nov 12, 2025 Price Target Changed • Oct 16
Price target increased by 7.5% to US$28.80 Up from US$26.80, the current price target is provided by 1 analyst. New target price is 16% below last closing price of US$34.37. Stock is up 113% over the past year. The company posted earnings per share of US$0.37 last year. Announcement • Aug 20
Enlight Renewable Energy Ltd announced that it expects to receive ILS 1.000000053 billion in funding Enlight Renewable Energy Ltd announces a private placement to issue 11,396,012 ordinary shares at a price of NIS 87.75 for gross proceeds of NIS 1,000,000,053 on August 19, 2025. Announcement • Aug 08
Enlight Renewable Energy Ltd, Annual General Meeting, Sep 30, 2025 Enlight Renewable Energy Ltd, Annual General Meeting, Sep 30, 2025. Location: offices of the company, 13 amal st., afek industrial park, rosh haayin 4809249, Israel Price Target Changed • Aug 07
Price target increased by 8.5% to US$25.60 Up from US$23.60, the current price target is provided by 1 analyst. New target price is 9.7% above last closing price of US$23.34. Stock is up 42% over the past year. The company posted earnings per share of US$0.37 last year. Reported Earnings • Aug 06
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: US$0.011 (down from US$0.068 in 2Q 2024). Revenue: US$116.1m (up 37% from 2Q 2024). Net income: US$1.36m (down 83% from 2Q 2024). Profit margin: 1.2% (down from 9.5% in 2Q 2024). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 83%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Renewable Energy industry in the US. Announcement • Aug 06
Enlight Renewable Energy Ltd Raises Earnings Guidance for the Full Year 2025 Enlight Renewable Energy Ltd. raised earnings guidance for the full year 2025. For the year, the company is increasing guidance range. Revenue guidance rises to $520 million - $535 million from $490 million - $510 million previously. This represents a 5.5% increase at the midpoint. Announcement • Jul 16
Enlight Renewable Energy Ltd to Report Q2, 2025 Results on Aug 06, 2025 Enlight Renewable Energy Ltd announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025 Price Target Changed • Jul 15
Price target increased by 8.8% to US$22.20 Up from US$20.40, the current price target is provided by 1 analyst. New target price is 11% below last closing price of US$24.88. Stock is up 50% over the past year. The company posted earnings per share of US$0.37 last year. Price Target Changed • Jul 10
Price target increased by 7.9% to US$21.80 Up from US$20.20, the current price target is provided by 1 analyst. New target price is 14% below last closing price of US$25.24. Stock is up 54% over the past year. The company posted earnings per share of US$0.37 last year. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$19.93, the stock trades at a trailing P/E ratio of 19.1x. Average forward P/E is 20x in the Renewable Energy industry in the US. Total returns to shareholders of 1.7% over the past three years. Reported Earnings • May 07
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: US$0.80 (up from US$0.14 in 1Q 2024). Revenue: US$129.9m (up 44% from 1Q 2024). Net income: US$94.5m (up 464% from 1Q 2024). Profit margin: 73% (up from 19% in 1Q 2024). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Renewable Energy industry in the US. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Apr 17
Enlight Renewable Energy Ltd to Report Q1, 2025 Results on May 06, 2025 Enlight Renewable Energy Ltd announced that they will report Q1, 2025 results Pre-Market on May 06, 2025 Reported Earnings • Mar 31
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: US$0.37 (down from US$0.61 in FY 2023). Revenue: US$377.9m (up 48% from FY 2023). Net income: US$44.2m (down 38% from FY 2023). Profit margin: 12% (down from 28% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 6.0%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Renewable Energy industry in the US. New Risk • Feb 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.002% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 0.002% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (11% net profit margin). Announcement • Feb 21
Enlight Renewable Energy Ltd Provides Revenue Guidance for the Full Year of 2025 Enlight Renewable Energy Ltd. provided revenue guidance for the full year of 2025. For the period, the company expects total revenues and income range between $490 million and $510 million, a 25% increase (from the midpoint) from 2024 results. Reported Earnings • Feb 19
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: US$0.37 (down from US$0.61 in FY 2023). Revenue: US$398.8m (up 56% from FY 2023). Net income: US$44.2m (down 38% from FY 2023). Profit margin: 11% (down from 28% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 6.0%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Renewable Energy industry in the US. Announcement • Jan 31
Enlight Renewable Energy Ltd to Report Q4, 2024 Results on Feb 19, 2025 Enlight Renewable Energy Ltd announced that they will report Q4, 2024 results Pre-Market on Feb 19, 2025 New Risk • Dec 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 59% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings are forecast to decline by an average of 59% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin). New Risk • Nov 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 27% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • Nov 14
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$0.33 (up from US$0.19 in 3Q 2023). Revenue: US$284.6m (up 388% from 3Q 2023). Net income: US$39.1m (up 72% from 3Q 2023). Profit margin: 14% (down from 39% in 3Q 2023). Revenue exceeded analyst estimates by 33%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Renewable Energy industry in the US. Announcement • Nov 13
Enlight Renewable Energy Ltd Revises Revenue Guidance for the Full Year 2024 Enlight Renewable Energy Ltd. revised revenue guidance for the full year 2024. For the year, the company expects revenues in the range of $355-$370 million from $345-$360 million previously. Announcement • Oct 28
Enlight Renewable Energy Ltd to Report Q3, 2024 Results on Nov 13, 2024 Enlight Renewable Energy Ltd announced that they will report Q3, 2024 results Pre-Market on Nov 13, 2024 Announcement • Oct 14
Enlight Announces the Full Commencement of Commercial Operation of the Solar & Storage Cluster in Israel Enlight Renewable Energy announced that it has completed the COD of its Solar and Storage Cluster (“the Cluster”) in Israel. The Cluster is comprised of 12 installations located in the northern and southern regions of the country, with a combined solar generation capacity of 254 MW and energy storage capacity of 594 MWh. Portions of the Cluster began commercial operation in 2023 and grid connections continued throughout 2024; this gradual COD process has been completed on October 14, 2024. The entire output of the Cluster will be sold to Enlight's supplier division, which markets the electricity direct to customers in Israel’s newly deregulated power market. This includes signing corporate PPAs with large industrial clients such as Soda Stream and Applied Materials, as well as sales to households and small businesses through a joint venture with Electra Power, in which Enlight owns a 35% stake. The Cluster’s generation volumes currently account for 50% of all clean power produced under the new regulatory framework. The Cluster is expected to generate revenue of $34-36 million and EBITDA of $24-26 million in the first full operating year, before taking into account the additional margin generated by Enlight’s supplier division. The transition to a deregulated electricity market combined with the low production costs of renewable energy enables the Company to provide its customers with clean power at competitive prices, while at the same time yielding attractive returns for Enlight and its partners. Cluster installations have been built in cooperation with numerous agricultural communities in Israel, and partnership in the projects increases these regions’ energy and economic security. Reported Earnings • Aug 08
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: US$0.068 (down from US$0.12 in 2Q 2023). Revenue: US$84.7m (up 61% from 2Q 2023). Net income: US$8.04m (down 45% from 2Q 2023). Profit margin: 9.5% (down from 28% in 2Q 2023). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Renewable Energy industry in the US. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 40% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Earnings are forecast to decline by an average of 40% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Announcement • Aug 07
Enlight Renewable Energy Ltd. Raises Earnings Guidance for the Full Year 2024 Enlight Renewable Energy Ltd. raised earnings guidance for the full year 2024. The company expects 2024 revenues in the range of $345 million - $360 million from $335 million - $360 million previously. Announcement • Jul 20
Enlight Renewable Energy Ltd to Report Q2, 2024 Results on Aug 07, 2024 Enlight Renewable Energy Ltd announced that they will report Q2, 2024 results Pre-Market on Aug 07, 2024 Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$0.14 (vs US$0.22 in 1Q 2023) First quarter 2024 results: EPS: US$0.14 (down from US$0.22 in 1Q 2023). 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). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Renewable Energy industry in the US. Announcement • May 09
Enlight Renewable Energy Ltd Reaffirms Revenue Guidance for the Year 2024 Enlight Renewable Energy Ltd. reaffirmed revenue guidance for the year 2024. For the year, the company expects revenue between $335 million and $360 million. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Director Alla Felder was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 20
Enlight Renewable Energy Ltd to Report Q1, 2024 Results on May 08, 2024 Enlight Renewable Energy Ltd announced that they will report Q1, 2024 results Pre-Market on May 08, 2024 Reported Earnings • Mar 31
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$0.61 (up from US$0.25 in FY 2022). Revenue: US$255.7m (up 33% from FY 2022). Net income: US$70.9m (up 187% from FY 2022). Profit margin: 28% (up from 13% in FY 2022). Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in the US are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Feb 29
Enlight Renewable Energy Ltd. Provides Revenue Guidance for the Year 2024 Enlight Renewable Energy Ltd. provided revenue guidance for the year 2024. For the year, the company expects Revenue between $335 million and $360 million. Reported Earnings • Feb 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$0.61 (up from US$0.25 in FY 2022). Revenue: US$255.7m (up 33% from FY 2022). Net income: US$70.9m (up 187% from FY 2022). Profit margin: 28% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Renewable Energy industry in the US. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Feb 13
Enlight Renewable Energy Ltd to Report Q4, 2023 Results on Feb 26, 2024 Enlight Renewable Energy Ltd announced that they will report Q4, 2023 results Pre-Market on Feb 26, 2024 Reported Earnings • Nov 24
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: US$0.19 (up from US$0.16 in 3Q 2022). Revenue: US$58.3m (up 9.2% from 3Q 2022). Net income: US$22.8m (up 46% from 3Q 2022). Profit margin: 39% (up from 29% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 111%. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Renewable Energy industry in the US. Announcement • Nov 22
Enlight Renewable Energy Ltd, Annual General Meeting, Dec 27, 2023 Enlight Renewable Energy Ltd, Annual General Meeting, Dec 27, 2023, at 14:00 Coordinated Universal Time. Location: offices of the Company, 13 Amal St., Afek Industrial Park, Rosh Ha’ayin 4809249, Rosh Ha'ayin Israel Agenda: To Approve the re-appointment of Somekh Chaikin, a member firm of KPMG International, as the Company’s independent registered public accounting firm for the year ending December 31, 2023, and until the next annual general meeting of shareholders, and to authorize the Company’s Board of Directors (the “Board”), following the approval of the Audit Committee, to approve and ratify the remuneration of such firm in accordance with the volume and nature of their services; and to Elect the nominees to the Board of the Company, to hold office until close of the Company’s annual general meeting to be held in 2024, and until his or her successor has been duly elected or appointed, or until his or her office has been vacated pursuant to any applicable law or the Articles of Association. Announcement • Nov 21
Enlight Renewable Energy Ltd Provides Earnings Guidance for full year 2023 Enlight Renewable Energy Ltd. provided earnings guidance for full year 2023 . For the period, company expects Revenue between $265 Million and $275 Million. Announcement • Nov 10
Enlight Renewable Energy Ltd to Report Q3, 2023 Results on Nov 20, 2023 Enlight Renewable Energy Ltd announced that they will report Q3, 2023 results on Nov 20, 2023 Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$14.27, the stock trades at a trailing P/E ratio of 27.6x. Average forward P/E is 23x in the Renewable Energy industry in the US. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$12.50, the stock trades at a trailing P/E ratio of 24.8x. Average forward P/E is 21x in the Renewable Energy industry in the US. Announcement • Aug 30
Enlight Renewable Energy Announces Commercial Operation of Major Projects in Israel and Hungary, Including Enlight’s First Combined Solar and Storage Project Enlight Renewable Energy announced the commercial operation of two projects. First, the Sde Nitzan project in Israel commenced commercial operation on August 2nd. The project is Israel’s largest combined solar and storage project and is Enlight’s first ever storage project to reach commercial operation. The project includes 23 MW of solar and 40 MWh of storage. Second, Enlight announced the commercial operation of ACDC, a 26 MW solar project in Hungary. Both projects reached commercial operations on schedule and on budget. The project in Sde Nitzan is part of Enlight's PV+ storage cluster, with a total solar capacity of 248 MW and 474 MWh of storage capacity. The remainder of the capacity is expected to reach commercial operations gradually until the end of the first half of 2024. Starting in January 2024, Sde Nitzan will sell its electricity directly to corporate PPA counterparties, in light of the new regulation in the electricity market in Israel. Enlight recently signed corporate PPAs with Amdocs and SodaStream (a subsidiary of PepsiCo). Project ACDC in Hungary also achieved commercial operation. All the energy generated by the project will be sold under a PPA linked to the consumer price index for 15 years. The project is part of Enlight’s broader portfolio in Hungary, which includes the operational Attila project, with a capacity of 57 MW, and the 60 MW Tapolca project, which is currently under construction. Reported Earnings • Aug 10
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: US$0.12 (up from US$0.02 loss in 2Q 2022). Revenue: US$52.6m (up 38% from 2Q 2022). Net income: US$14.5m (up US$16.4m from 2Q 2022). Profit margin: 28% (up from net loss in 2Q 2022). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 25%. Earnings per share (EPS) exceeded analyst estimates by 40%. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Renewable Energy industry in the US. Announcement • Aug 10
Enlight Renewable Energy Ltd Provides Revenue Guidance for the Year 2023 Enlight Renewable Energy Ltd. provided revenue guidance for the year 2023. For the year, the company expects Revenue between $265 million and $275 million. Announcement • Jul 27
Enlight Renewable Energy Ltd Appoints Alla Felder as A Member of the Board Enlight Renewable Energy Ltd. announced the appointment Ms. Alla Felder as a member of the Board, effective as of such date. In accordance with the Company’s articles of association, Ms. Felder will serve until the Company’s next annual general meeting of shareholders. Ms. Felder was also appointed to the Company’s Environmental, Social and Governance Committee. Ms. Felder meets the relevant independence requirements of The Nasdaq Stock Market LLC and the Securities and Exchange Commission, as well as the Israeli Companies law, with respect to her service as an independent director on the Board. Following Ms. Felder’s appointment, the Company’s Board consists of 8 members, 7 of whom meet the relevant independence requirements of Nasdaq. Ms. Felder, age 50, has been serving as the Chief Financial Officer of Weebit Nano Ltd. since 2016. Ms. Felder serves on the boards, including the audit and compensation committees, of several publicly listed companies across several industries, including Redhill BioPharma Ltd., REE Ltd., Ashtrom Properties Ltd., Israel Shipyards Ltd., Carmit Candy Industries Ltd., Biolight Ltd., Photomyne Ltd. and IdoMoo Ltd. Ms. Felder was a senior manager at PricewaterhouseCoopers and received a degree in Business Administration and Accounting from the College of Management Academic Studies Division in Rishon Lezion, Israel and an Executive Master’s degree in the Science of Finance from the City University of New York. Ms. Felder is a Certified Public Accountant in Israel. Announcement • Jun 28
Enlight Renewable Energy Ltd. Announces Resignation of Noam Breiman as Member of the Board, Effective July 31, 2023 On June 27, 2023, Mr. Noam Breiman notified the Board of Directors of Enlight Renewable Energy Ltd. of his resignation as a member of the Board effective July 31, 2023 in connection with Mr. Breiman's expected appointment to a full time role at another company. Mr. Breiman, who was appointed in February 2020, also serves as chair of the ESG Committee and as a member of Compensation Committee. Mr. Breiman informed the Board that his resignation was not a result of any disagreement with the Company's policies or practices. Announcement • May 12
Enlight Renewable Energy Ltd Provides Earnings Guidance for the Year of 2023 Enlight Renewable Energy Ltd. provided earnings guidance for the year of 2023. For the year, company expects Revenue between $290 million and $300 million. Reported Earnings • May 11
First quarter 2023 earnings released: EPS: US$0.22 (vs US$0.051 in 1Q 2022) First quarter 2023 results: EPS: US$0.22 (up from US$0.051 in 1Q 2022). Revenue: US$71.0m (up 102% from 1Q 2022). Net income: US$24.0m (up 400% from 1Q 2022). Profit margin: 34% (up from 14% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Renewable Energy industry in the US. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: US$0.25 (vs US$0.12 in FY 2021) Full year 2022 results: EPS: US$0.25 (up from US$0.12 in FY 2021). Revenue: US$192.2m (up 80% from FY 2021). Net income: US$24.7m (up 112% from FY 2021). Profit margin: 13% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Renewable Energy industry in the US. Board Change • Feb 13
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Zvi Furman was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 11
Enlight Renewable Energy Ltd has completed an IPO in the amount of $252 million. Enlight Renewable Energy Ltd has completed an IPO in the amount of $252 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,000,000
Price\Range: $18