Enlight Renewable Energy Expects FY24 Revenue Of $345M-$360M (Prior $335M-$360M) Vs $353.59M Est
Portfolio Pulse from Benzinga Newsdesk
Enlight Renewable Energy has raised its FY24 revenue guidance to $345M-$360M from the previous $335M-$360M, citing strong financial performance in the second quarter and first half of 2024. The company also increased its adjusted EBITDA guidance to $245M-$260M from $235M-$255M. Additionally, 90% of 2024's expected generation output will be sold at fixed prices.
August 07, 2024 | 10:44 am
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Enlight Renewable Energy has raised its FY24 revenue guidance to $345M-$360M and adjusted EBITDA to $245M-$260M, citing strong financial performance. 90% of 2024's output will be sold at fixed prices.
The raised revenue and EBITDA guidance indicates strong financial health and performance, which is likely to positively impact the stock price in the short term. The fixed price sales for 90% of 2024's output provide revenue stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100