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

Enlight Renewable Energy (NASDAQ:ENLT) announced its earnings results on Tuesday. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.07, Zacks reports. The business had revenue of $186.71 million during the quarter, compared to analyst estimates of $566.51 million. Enlight Renewable Energy had a net margin of 12.25% and a return on equity of 3.72%.

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 Stock Down 1.2%

ENLT stock opened at $66.85 on Thursday. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 101.62, a PEG ratio of 21.37 and a beta of 1.72. The company’s 50 day moving average price is $71.23 and its 200 day moving average price is $77.80. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.12 and a current ratio of 1.12. Enlight Renewable Energy has a fifty-two week low of $32.87 and a fifty-two week high of $108.65.

Insider Buying and Selling

In other Enlight Renewable Energy news, insider Amit Paz sold 2,221 shares of Enlight Renewable Energy stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $73.94, for a total transaction of $164,220.74. Following the transaction, the insider owned 277,462 shares of the company’s stock, valued at $20,515,540.28. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 sale, the insider owned 40,135 shares of the company’s stock, valued at $2,601,149.35. This trade represents a 6.30% 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. Insiders have sold 10,526 shares of company stock worth $755,406 in the last ninety days.

Analysts Set New Price Targets

Several equities analysts have recently commented on ENLT shares. Weiss Ratings lowered Enlight Renewable Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Truist Financial reduced their price objective on Enlight Renewable Energy from $106.00 to $104.00 and set a “buy” rating for the company in a research report on Monday, September 28th. Wall Street Zen downgraded shares of Enlight Renewable Energy from a “hold” rating to a “sell” rating in a research report on Sunday, October 25th. Mizuho decreased their target price on shares of Enlight Renewable Energy from $45.00 to $41.00 and set an “underperform” rating on the stock in a research report on Tuesday, October 13th. Finally, Zacks Research raised shares of Enlight Renewable Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Enlight Renewable Energy presently has an average rating of “Hold” and an average price target of $74.86.

About Enlight Renewable Energy

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.