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1. Company Snapshot

1.a. Company Description

Enlight Renewable Energy Ltd operates as a renewable energy platform in Israel and internationally.The company initiates, plans, develops, constructs, and operates projects to produce electricity from renewable energy sources.It develops wind energy and solar energy projects, as well as energy storage projects.


The company was incorporated in 1981 and is headquartered in Rosh HaAyin, Israel.

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1.b. Last Insights on ENLT

Here is a 90-word analysis of the positive drivers behind Enlight Renewable Energy Ltd.'s recent performance: Enlight Renewable Energy's recent performance was driven by its strong Q4 2024 earnings release, which showcased the company's growth potential. The company's U.S. growth plan, fueled by favorable tax credits, is expected to significantly boost capacity and revenue. The recent financial close for Project Roadrunner, securing a $550 million debt financing package, and the initial commencement of commercial operations at the Pupin Wind Farm in Serbia, are also positive drivers. Additionally, the $22 million Power Purchase Agreement with NTA further solidifies Enlight's revenue stream.

1.c. Company Highlights

2. Enlight Renewable Energy Surpasses Expectations with Record 2025 Performance

Enlight Renewable Energy reported a significant increase in revenue and income for the fourth quarter of 2025, with revenue rising 46% year-over-year to $152 million, and adjusted EBITDA growing 51% to $99 million. The company's earnings per share (EPS) came in at $0.3242, beating analyst estimates of -$0.07. For the full year 2025, Enlight's total portfolio expanded 26% to reach 38 gigawatts, driven by growth across all regions and technologies.

Publication Date: Mar -03

📋 Highlights
  • Record Q4 Revenue & EBITDA Growth: Revenue and income surged 46% to $152M YoY, with adjusted EBITDA rising 51% to $99M in Q4 2025.
  • Total Portfolio Expansion: Portfolio grew 26% in 2025, adding 7.8GW to reach 38GW, with 3–4GW expected to start construction in 2026.
  • U.S. Pre-Construction Growth: Added 2.5GW to pre-construction portfolio, including CO Bar Phases 4–5 (0.9GW), positioning for 2028 operational capacity.
  • Energy Storage Expansion: Mature storage portfolio expanded to 17.5GWh globally, generating $1B annual run rate revenue, with 1.35GWh advancing in Israel.
  • 2028 Revenue & ROI Projections: Targets 12–13GW operational capacity by 2028, projected to generate $2.1B–$2.3B annual revenue, with ROI of 12–13% (up from 11–12%).

Operational Highlights

The company's U.S. platform continues to demonstrate strong development expertise, with Clenera, Enlight's U.S. subsidiary, doubling its operational capacity to 1.6 gigawatts and advancing projects across various stages of development. The energy storage strategy remains a key pillar of Enlight's growth, with the company expanding its mature storage portfolio in Europe by 3.5 gigawatt hours and reaching 17.5 gigawatt hours globally.

Guidance and Outlook

Enlight expects 2026 to be a record year of construction, with 3 to 4 gigawatts expected to begin construction, resulting in approximately 7 gigawatts under construction during the year. The company forecasts revenues and income between $755 million and $785 million for 2026, representing a growth rate of 45.5% according to analyst estimates. By 2028, Enlight expects to achieve 12 to 13 gigawatts of operating capacity, generating annual run rate revenue and income in the range of $2.1 billion to $2.3 billion.

Valuation and Funding

With a current P/E Ratio of 58.72 and EV/EBITDA of 33.82, Enlight's valuation reflects the market's expectation of its strong growth prospects. The company has secured significant funding in 2025, including $2.9 billion in project finance, $470 million in tax equity, and $350 million in mezzanine loans, ensuring it is well-positioned to fund its growth through 2028. Enlight's diversified portfolio across geographies, technologies, and projects contributes to its growth in revenues and EBITDA.

Return on Investment

Enlight's unlevered return on investment for its under construction and preconstruction projects is expected to range from 12% to 13%, up from the 11% to 12% range referenced last quarter. This improvement in return on investment is a positive indicator of the company's ability to generate strong returns on its investments.

3. NewsRoom

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Enlight Renewable Energy Ltd (ENLT) Q4 2025 Earnings Call Transcript

Feb -17

Source: seekingalpha.com

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Enlight Renewable Energy Ltd. (ENLT) Surpasses Q4 Earnings and Revenue Estimates

Feb -17

Source: zacks.com

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Enlight Renewable Energy Reports Fourth Quarter 2025 Financial Results

Feb -17

Source: globenewswire.com

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Enlight Renewable Energy to Host 2026 Virtual Investor Event on Monday, March 9, 2026

Feb -12

Source: globenewswire.com

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Enlight Reaches Final Development Milestones for CO Bar, Its Largest Project to Date

Feb -02

Source: globenewswire.com

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Enlight Expands Its Energy Storage Footprint in Europe Through Investment in the Jupiter Project in Germany

Feb -02

Source: globenewswire.com

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Enlight Expands Its Energy Storage Footprint in Europe Through Investment in the Jupiter Project in Germany

Jan -27

Source: globenewswire.com

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Enlight Renewable Energy (NASDAQ:ENLT) Reaches New 1-Year High – Here’s Why

Jan -26

Source: defenseworld.net

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.88%)

6. Segments

Electricity and Operation of Facilities

Expected Growth: 10.9%

Enlight Renewable Energy Ltd's 10.9% growth in Electricity and Operation of Facilities is driven by increasing demand for renewable energy, strategic acquisitions, and efficient operations. Additionally, favorable government policies and incentives for clean energy, coupled with declining technology costs, have contributed to the segment's growth.

Construction and Management Fees

Expected Growth: 10.27%

Enlight Renewable Energy Ltd's 10.27% growth in Construction and Management Fees is driven by increasing demand for renewable energy projects, strategic partnerships, and expansion into new markets. Additionally, the company's expertise in project development, efficient construction processes, and effective cost management contribute to its growth.

7. Detailed Products

Solar Energy Systems

Enlight Renewable Energy Ltd. offers customized solar energy systems for residential, commercial, and industrial clients, providing clean and sustainable energy solutions.

Wind Energy Solutions

Enlight Renewable Energy Ltd. provides wind energy solutions, including wind turbine installation, maintenance, and operation, to generate clean energy for various industries.

Energy Storage Systems

Enlight Renewable Energy Ltd. offers energy storage systems, including battery storage solutions, to optimize energy efficiency and reduce energy waste.

Electric Vehicle Charging Infrastructure

Enlight Renewable Energy Ltd. designs and installs electric vehicle charging infrastructure for residential, commercial, and public spaces.

Energy Efficiency Solutions

Enlight Renewable Energy Ltd. provides energy efficiency solutions, including energy audits, retrofits, and energy management systems, to reduce energy consumption.

Renewable Energy Consulting

Enlight Renewable Energy Ltd. offers consulting services for renewable energy projects, including feasibility studies, project development, and policy advisory.

8. Enlight Renewable Energy Ltd's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Enlight Renewable Energy Ltd is medium due to the availability of alternative sources of renewable energy such as solar and hydro power.

Bargaining Power Of Customers

The bargaining power of customers for Enlight Renewable Energy Ltd is low due to the lack of negotiating power of individual customers.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Enlight Renewable Energy Ltd is medium due to the presence of multiple suppliers of wind turbines and other equipment.

Threat Of New Entrants

The threat of new entrants for Enlight Renewable Energy Ltd is high due to the increasing demand for renewable energy and the relatively low barriers to entry.

Intensity Of Rivalry

The intensity of rivalry for Enlight Renewable Energy Ltd is high due to the presence of several established players in the renewable energy market.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 69.79%
Debt Cost 3.95%
Equity Weight 30.21%
Equity Cost 7.19%
WACC 4.93%
Leverage 230.98%

11. Quality Control: Enlight Renewable Energy Ltd passed 0 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Yield: 0.0

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Enlight Renewable Energy

A-Score: 3.5/10

Value: 1.5

Growth: 3.9

Quality: 4.2

Yield: 0.0

Momentum: 10.0

Volatility: 1.7

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OX2

A-Score: 3.4/10

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Quality: 7.6

Yield: 0.0

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A-Score: 2.6/10

Value: 8.8

Growth: 3.2

Quality: 2.8

Yield: 0.0

Momentum: 0.5

Volatility: 0.0

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

78.36$

Current Price

78.36$

Potential

-0.00%

Expected Cash-Flows