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ENLT

Enlight Renewable Energy Ltd

https://www.enlightenergy.co.il

Industry

Renewable Utilities

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.

Open

16.01

Mkt cap

1.9B

Volume

4.2K

High

16.31

P/E Ratio

37.07

52-wk high

20.00

Low

16.01

Div yield

N/A

52-wk low

14.09

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.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:48 am

Enlight Renewable Energy (NASDAQ:ENLT) reported Q1 GAAP EPS of $0.14, surpassing the $0.11 estimate, and sales of $90.40M, exceeding the $79.40M estimate. This represents a 30% decrease in EPS and a 27.33% increase in sales year-over-year.

Portfolio Pulse from mahesh@benzinga.com

May 08, 2024 | 10:14 am

Barclays analyst Christine Cho maintains an Overweight rating on Enlight Renewable Energy (NASDAQ:ENLT) and lowers the price target from $21 to $20.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 7:24 pm

JP Morgan analyst Mark Strouse downgrades Enlight Renewable Energy (ENLT) from Overweight to Neutral and lowers the price target from $19 to $16.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 7:54 pm

Enlight Renewable Energy forecasts 2024 revenue of $335M-$360M, below the consensus of $393.46M, with adjusted EBITDA expected between $235M-$255M. This outlook represents a 36% revenue growth and 30% EBITDA growth at the midpoint compared to 2023. The company's revenue composition includes 40% in Israeli Shekel, 55% in Euros, and 5% in US Dollars, with 90% of 2024's generation output to be sold at fixed prices.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:51 am

Enlight Renewable Energy (NASDAQ:ENLT) reported Q4 earnings of $0.12 per share, missing the consensus estimate of $0.16. Quarterly sales were $73.83M, also below the estimate of $85.27M.

Portfolio Pulse from totan@benzinga.com

February 26, 2024 | 11:38 am

Numerous companies are scheduled to report their earnings on February 26, 2024, covering a wide range of industries from energy to technology. Key reports include Kosmos Energy, Krystal Biotech, Li Auto, and Domino's Pizza, among others. The diversity of sectors represented suggests a comprehensive insight into the economic and business trends affecting these markets.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 9:47 am

Clēnera, a subsidiary of Enlight Renewable Energy (ENLT), announced that CEO and co-founder Jason Ellsworth will step down in June 2024. Adam Pishl, co-founder and current COO, will take over as CEO.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:13 am

Mizuho analyst Maheep Mandloi has maintained a Neutral rating on Enlight Renewable Energy (NASDAQ:ENLT) and increased the price target from $17 to $19.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 8:12 pm

Roth MKM analyst Justin Clare has maintained a Buy rating on Enlight Renewable Energy (NASDAQ:ENLT) but has reduced the price target from $22 to $19.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:44 pm

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