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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's Q3 2025 Earnings: A Strong Performance

In the third quarter of 2025, Enlight Renewable Energy reported a significant increase in total revenues and income, reaching $165 million, up 46.07% year-over-year. This growth was driven by a 27% rise in revenues from the sale of electricity to $139 million and the recognition of $27 million in income from tax benefits. The company's net income amounted to $32 million, a 33% increase year-over-year, with an earnings per share (EPS) of $0.16, beating analyst estimates of $0.07. Adjusted EBITDA grew 23% to $112 million, driven by new projects contributing $52 million, partially offset by additional costs.

Publication Date: Nov -20

📋 Highlights
  • 2025 Revenue & EBITDA Guidance:: Revised to $555–$565 million revenue (+6%) and $405–$415 million adjusted EBITDA (+4.5%).
  • Energy Storage Growth:: Global mature storage portfolio expanded to 11.8 GWh, contributing 40%+ of mature portfolio revenues, with 800 MWh added in Israel.
  • Capital Raising Success:: Secured $4.8 billion in financing (12 months), including $1.5 billion for Snowflake A, $470 million tax equity, and $350 million mezzanine debt.
  • Q3 2025 Performance:: Revenue and income rose 46.07% YoY to $165 million, driven by $139 million electricity sales and $27 million tax benefit income.
  • 2027–2028 Revenue Target:: Aims for $1.6 billion annual revenue from mature portfolio, aligning with tripling business size every 3 years.

Growth Drivers

The company's energy storage segment continues to be a major growth engine, particularly in Europe, where Enlight has signed significant transactions, including the acquisition of a 50% stake in the 860-megawatt hour Bertikow project in Germany. The global mature storage portfolio has grown to 11.8 gigawatt hours, with an expected annual revenue and income of $650 million to $700 million once operational. This segment is expected to represent over 40% of Enlight's mature portfolio revenues.

Valuation and Outlook

With a current P/E Ratio of 38.65 and an EV/EBITDA of 18.41, Enlight's valuation suggests that the market is pricing in significant growth expectations. Analysts estimate next year's revenue growth at 28.7%, which may justify some of the premium. Enlight's guidance for 2025 is between $555 million and $565 million in revenue and income, and between $405 million and $415 million in adjusted EBITDA, representing a 6% and 4.5% increase, respectively. As Adi Leviatan, Enlight's CEO, stated, the company is committed to its strategy of diversification and expects to continue growing at a pace of 40% per year, tripling its revenues every 3 years.

Financial Position

Enlight has a strong balance sheet, having raised $4.8 billion in project finance, corporate debt, and asset sales in the past 12 months. The company has $525 million in credit facilities and $1.4 billion in LC and surety bond facilities, providing a solid foundation for its growth plans. With 90% of 2025 generation output expected to be sold at fixed prices through hedges or PPAs, Enlight is well-positioned to continue its growth trajectory.

3. NewsRoom

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Enlight Renewable Energy to Participate at Upcoming Conferences

Nov -14

Source: globenewswire.com

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Enlight Renewable Energy Ltd (ENLT) Q3 2025 Earnings Call Transcript

Nov -12

Source: seekingalpha.com

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Enlight Renewable Energy Ltd. (ENLT) Beats Q3 Earnings and Revenue Estimates

Nov -12

Source: zacks.com

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Enlight Renewable Energy Reports Third Quarter 2025 Financial Results

Nov -12

Source: globenewswire.com

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Enlight Announces $1.44 Billion Debt Financing for Flagship Snowflake A Project in Arizona

Nov -10

Source: globenewswire.com

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Enlight Secures Nearly $150 Million in Tax Equity Financing for Quail Ranch

Nov -03

Source: globenewswire.com

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Financial Comparison: Enlight Renewable Energy (NASDAQ:ENLT) and Snow Lake Resources (NASDAQ:LITM)

Oct -24

Source: defenseworld.net

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Enlight to Report Third Quarter 2025 Financial Results on Wednesday, November 12, 2025

Oct -23

Source: globenewswire.com

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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Cloudberry Clean Energy

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Growth: 9.9

Quality: 2.5

Yield: 0.0

Momentum: 6.5

Volatility: 5.3

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Yield: 1.2

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A-Score: 4.1/10

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Quality: 3.1

Yield: 0.6

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Enlight Renewable Energy

A-Score: 3.7/10

Value: 2.0

Growth: 3.9

Quality: 4.3

Yield: 0.0

Momentum: 10.0

Volatility: 1.7

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OX2

A-Score: 2.9/10

Value: 4.6

Growth: 4.2

Quality: 2.8

Yield: 0.0

Momentum: 5.0

Volatility: 0.7

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A-Score: 2.5/10

Value: 8.8

Growth: 3.2

Quality: 2.6

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

41.28$

Current Price

41.28$

Potential

-0.00%

Expected Cash-Flows