Enlight Renewable Energy Reiterated FY24 Revenue of $335M-$360M Vs $347.31M Est
Portfolio Pulse from Benzinga Newsdesk
Enlight Renewable Energy reaffirmed its FY24 revenue guidance of $335M-$360M, aligning with estimates of $347.31M. CFO Nir Yehuda highlighted the company's strong Q1 performance and reiterated the adjusted EBITDA forecast of $235M-$255M. Additionally, 90% of the 2024 generation output is expected to be sold at fixed prices.
May 08, 2024 | 10:48 am
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Enlight Renewable Energy confirms FY24 revenue guidance of $335M-$360M and adjusted EBITDA of $235M-$255M, with 90% of output sold at fixed prices.
Reaffirming the FY24 revenue and adjusted EBITDA guidance, especially after a strong Q1 performance, is likely to instill confidence in investors and could positively impact Enlight Renewable Energy's stock price in the short term. The announcement that 90% of the 2024 generation output will be sold at fixed prices provides additional stability and predictability in earnings, further supporting a positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100