Enlight Renewable Energy Q3 2026: Misses Expectations, Raises Guidance
As seen on the 24/7 Wall St. homepage on November 3, 2026.
Management raised 2026 guidance for the second time, to $810 million to $830 million, even though both lines missed expectations. The EPS shortfall carries a one-time $20 million pre-tax fee for terminating the Rustic Hills and Gemstone power-purchase agreements.
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Enlight Renewable Energy posted Q3 2026 earnings of $0.20 per share, missing expectations, and revenue also missed expectations.
A one-time $20 million pre-tax fee tied to the termination of power-purchase agreements for the Rustic Hills and Gemstone projects drove most of the EPS shortfall. The underlying business looks considerably different without it.
Management raised full-year 2026 revenue and income guidance for the second time, now targeting $810 million to $830 million. The revision reflects results through the first nine months, Israeli electricity trading, and higher European electricity prices.
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CEO Adi Leviatan called the CO-Bar complex in the U.S. a milestone, with all five phases of the approximately 2.4 gigawatt project now under construction. U.S. segment revenue grew 90% year over year, the fastest-growing region in the portfolio.
Enlight targets a revenues and income run rate of $2.2 billion to $2.3 billion by end of 2028 from its mature portfolio. Any single quarter is a poor proxy for that trajectory.
Mentioned: ENLT