Enlight Renewable Energy (NASDAQ:ENLT) Issues Earnings Results

Enlight Renewable Energy (NASDAQ:ENLT) issued its quarterly earnings results on Tuesday. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07, Zacks reports. The business had revenue of $186.71 million during the quarter, compared to analyst estimates of $572.12 million. Enlight Renewable Energy had a net margin of 12.35% and a return on equity of 3.52%.

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 Trading Up 4.3%

Shares of NASDAQ:ENLT traded up $2.76 during mid-day trading on Wednesday, hitting $67.51. The company had a trading volume of 170,217 shares, compared to its average volume of 187,577. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.12 and a quick ratio of 1.12. Enlight Renewable Energy has a one year low of $32.87 and a one year high of $108.65. The firm has a fifty day moving average price of $71.49 and a 200 day moving average price of $77.71. The company has a market capitalization of $8.00 billion, a PE ratio of 108.87, a price-to-earnings-growth ratio of 21.94 and a beta of 1.72.

Insiders Place Their Bets

In other news, insider Ilan Goren sold 2,700 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $64.81, for a total value of $174,987.00. Following the completion of the transaction, the insider directly owned 40,135 shares of the company’s stock, valued at $2,601,149.35. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Nir Yehuda sold 1,276 shares of Enlight Renewable Energy stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $66.40, for a total transaction of $84,726.40. Following the completion of the sale, the chief financial officer directly owned 34,324 shares in the company, valued at $2,279,113.60. This trade represents a 3.58% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 10,526 shares of company stock worth $755,406.

More Enlight Renewable Energy News

Here are the key news stories impacting Enlight Renewable Energy this week:

• Positive Sentiment: Enlight raised its 2026 forecast as earnings increased, providing the clearest positive near-term catalyst. The article headline does not specify the revised forecast figures. Enlight upgrades 2026 forecast as earnings rise
• Positive Sentiment: Q3 EPS was $0.20, beating the $0.13 consensus estimate. Analysts’ earnings-estimate revisions were also described as trending positively. Enlight Q3 Earnings and Revenues Top Estimates
• Neutral Sentiment: Analysts’ average price target implied approximately 25.5% upside, but price targets are estimates and do not guarantee future performance. Analyst price-target outlook
• Negative Sentiment: Q3 revenue was reported at $186.71 million, versus the supplied consensus estimate of $572.12 million. This large shortfall could weigh on sentiment, even with the EPS beat. Enlight Q3 earnings report

Analyst Upgrades and Downgrades

ENLT has been the subject of several research reports. Wall Street Zen cut shares of Enlight Renewable Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 25th. JPMorgan Chase & Co. decreased their price target on shares of Enlight Renewable Energy from $80.00 to $65.00 and set an “underweight” rating on the stock in a research note on Monday, October 19th. Zacks Research raised shares of Enlight Renewable Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. UBS Group decreased their price target on shares of Enlight Renewable Energy from $123.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Finally, Truist Financial lowered 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 research report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.