Logo

ENLT

Enlight Renewable Energy Ltd

ENLT

Enlight Renewable Energy Ltd • NASDAQ
$40.02 ▲ 1.73% (+0.68)
Market Cap $4.82 B
52w High $40.71
52w Low $14.01
Dividend Yield 0%
P/E 42.13
Volume 39.04K
Outstanding Shares 120.46M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $138.536M ▲ $29.143M ▲ $22.026M ▲ 15.899% ▲ $0.18 ▲ $135.047M ▲
Q2-2025 $116.117M ▲ $28.717M ▲ $1.357M ▼ 1.169% ▼ $0.012 ▼ $95.835M ▼
Q1-2025 $109.758M ▼ $-68.069M ▼ $94.458M ▲ 86.06% ▲ $0.8 ▲ $190.446M ▲
Q4-2024 $114.205M ▲ $23.156M ▲ $5.239M ▼ 4.587% ▼ $0.04 ▼ $54.58M ▼
Q3-2024 $109.495M $-4.829M $14.247M 13.012% $0.12 $94.829M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.257B ▲ $25.756B ▲ $19.269B ▲ $5.477B ▲
Q2-2025 $1.618B ▲ $22.983B ▲ $17.431B ▲ $4.521B ▲
Q1-2025 $449.935M ▲ $5.884B ▲ $4.293B ▲ $1.309B ▲
Q4-2024 $387.427M ▲ $5.547B ▲ $4.106B ▲ $1.181B ▼
Q3-2024 $182.714M $5.145B $3.664B $1.211B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $32.257M ▲ $71.309M ▲ $-726.436M ▼ $846.025M ▲ $199.368M ▲ $-434.338M ▼
Q2-2025 $5.569M ▼ $47.536M ▲ $-424.456M ▼ $389.137M ▲ $30.929M ▼ $-354.624M ▼
Q1-2025 $101.803M ▲ $43.613M ▲ $-198.565M ▲ $220.279M ▼ $62.103M ▼ $43.613M ▲
Q4-2024 $5.239M ▼ $36.235M ▼ $-250.175M ▲ $360.405M ▲ $108.375M ▲ $-188.153M ▼
Q3-2024 $24.189M $66.471M $-253.166M $151.681M $-30.621M $-150.697M

Five-Year Company Overview

Income Statement

Income Statement Enlight’s income statement shows a business that has clearly moved from an early-stage, loss-making phase into a more mature, profitable one. Revenue has generally trended higher over the past few years, with only a temporary setback in the middle of the period. Profitability has improved meaningfully: gross profit, operating profit, and net income have all strengthened, reflecting more projects coming online and better scale. Earnings per share have been somewhat bumpy, likely influenced by capital structure and share-count changes, but the underlying direction of the business is toward higher and more stable profits. The main watchpoints are exposure to power prices, regulation in key markets, and execution risk on new large projects, which can still introduce volatility into future results.

Balance Sheet

Balance Sheet The balance sheet looks like a typical fast-growing renewable utility: asset-heavy and funded largely with debt. The company has built up a sizable base of power plants and projects, and total assets have grown over time, even though there was a period of balance-sheet reshaping earlier in the decade. Debt levels are high relative to equity, which is common in infrastructure but increases sensitivity to interest rates and any project underperformance. Equity has been inching up as profits accumulate, but remains modest compared with total assets and borrowings. Cash on hand is reasonable but not abundant relative to the investment program, so continued access to project finance and capital markets will remain important.

Cash Flow

Cash Flow Cash flow tells the story of a company still in heavy build-out mode. Cash generated from day-to-day operations is positive and has improved significantly in the most recent year, a good sign that existing projects are producing real cash. However, free cash flow remains strongly negative because of very large ongoing investment in new solar, wind, and storage projects. This pattern is normal for a growing independent power producer, but it means the business is reliant on external funding to bridge the gap between building assets and fully harvesting their cash returns. Over time, a key question will be whether operating cash flow can comfortably cover maintenance needs and a more moderate investment pace without constant balance-sheet strain.

Competitive Edge

Competitive Edge Enlight appears to have built a solid competitive position in renewable energy development and ownership. Its vertically integrated “360-degree” model — spanning project origination, permitting, financing, construction, and long-term operation — allows it to capture value across the full life cycle and build deep know-how that is hard for newer entrants to match. The portfolio is diversified across regions such as the United States, Europe, and Israel, and across technologies including solar, wind, and battery storage, which helps reduce dependence on any single market or resource. The company’s strength in greenfield development and complex hybrid projects, along with tailored offerings for municipalities, farms, and local customers, further differentiates it. Key competitive risks include regulatory shifts in multiple jurisdictions, connection delays, crowded competition for attractive sites, and sensitivity to financing conditions given the capital intensity of its projects.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point for Enlight and a notable part of its identity. The firm is a pioneer in agrivoltaics, combining solar generation with productive agriculture on the same land, supported by smart irrigation, sensing, and AI-based optimization. This could be a meaningful edge in regions where land is scarce or politically sensitive. Enlight is also very active in energy storage, deploying battery systems both as standalone assets and integrated with solar and wind, which positions it well as grids demand more flexible, dispatchable renewable power. Its venture arm, Elements VC, gives it early access to emerging technologies that might enhance project performance or open new lines of business. At the same time, many of these innovations — especially agrivoltaics and novel hybrid project designs — are still in the scale-up and proof phase, so technical, regulatory, and commercial outcomes remain a key area to watch.

Summary

Overall, Enlight looks like a rapidly scaling renewable energy platform that has crossed the line into consistent profitability while still investing very heavily for future growth. The business model is asset-intensive and debt-funded, typical for utilities and infrastructure, which brings both the advantage of long-lived, contracted cash flows and the risk of leverage and interest-rate exposure. Its strategic strengths lie in development expertise, vertical integration, geographic and technological diversification, and a strong innovation pipeline in agrivoltaics and storage. The main uncertainties center on project execution, regulatory environments in its core markets, the cost and availability of capital, and the ability to convert its large development pipeline into stable, cash-generating assets over time. For observers, ENLT is best viewed as a growth-driven, infrastructure-style company tightly linked to the pace and policy framework of the global energy transition.

NEWS

November 14, 2025 · 8:00 AM UTC

Enlight Renewable Energy to Participate at Upcoming Conferences

Read more

November 12, 2025 · 6:15 AM UTC

Enlight Renewable Energy Reports Third Quarter 2025 Financial Results

Read more

November 10, 2025 · 8:20 AM UTC

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

Read more

November 3, 2025 · 6:15 AM UTC

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

Read more

October 23, 2025 · 9:20 AM UTC

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

Read more