Headquartered in Afek Industrial Park, Rosh Haayin Fiscal year ends December NASDAQ: ENLT enlightenergy.co.il
Enlight Renewable Energy develops, finances, constructs, owns and operates utility-scale renewable energy projects in solar, wind and battery energy storage. It operates in the United States, Israel and 12 European countries. Over the past year its mature portfolio has entered Germany, Poland, Romania and Finland through storage projects.
Revenue comes mainly from electricity sales, largely under long-term PPAs. The company also runs a low-margin electricity trading business in Israel and recognizes income from U.S. tax benefits (ITC/PTC) through tax equity structures.
The total portfolio is 46.2 FGW: about 23.1 GW of generation and 80.9 GWh of storage. Of this:
- 4.0 FGW is operating.
- 5.6 FGW is under construction.
- 3.1 FGW is in pre-construction.
- 8.6 FGW is in advanced development.
Its largest U.S. project is the roughly 2.4 FGW CO-Bar complex in Arizona, which has PPAs with SRP and APS. Other U.S. projects include Snowflake A, Country Acres, Crimson Orchard, Atrisco and Blackwater in Virginia. Its U.S. development platform, Clenera, is expanding into PJM, SPP and MISO.
The company follows a 'Connect & Expand' strategy of adding projects at its existing grid interconnections. It is also building a pipeline of AI data centers of about 2 GW IT located near its generation assets.
Enlight is dual-listed on the Tel Aviv Stock Exchange and Nasdaq under the ticker ENLT. Updated
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.
Four straight EPS beats go on the line at 6:00 AM ET, with consensus at $0.41 and $660.41 million in revenue for the September quarter. The last one cleared estimates by 186%, so the bar for this $9.3 billion renewables developer is set by its own track record.
Enlight Renewable Energy develops, finances, constructs, owns and operates utility-scale renewable energy projects in solar, wind and battery energy storage. It operates in the United States, Israel and 12 European countries.
The Wall Street consensus 12-month price target for ENLT is $83.43.