Enlight Renewable Energy raises 2025 revenue forecast

Overview

• Enlight Q3 revenue rises 46% yr/yr to $165 mln, reflecting strong growth

• Net income for Q3 increases 33% yr/yr to $32 mln

• Company raises 2025 revenue guidance to $555-565 mln, adjusted EBITDA to $405-415 mln

Outlook

• Enlight raises 2025 revenue guidance to $555-565 mln from $520-535 mln

• Adjusted EBITDA guidance for 2025 increased to $405-415 mln

• 90% of 2025 electricity volumes to be sold at fixed prices

Result Drivers

• NEW PROJECTS - Revenue growth driven by new project connections, including Atrisco in the U.S., contributing $22 mln

• TAX BENEFITS - Increase in tax benefit income significantly boosted Q3 results, adding $23 mln

• PORTFOLIO EXPANSION - Enlight expanded its portfolio by 23%, enhancing growth potential

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

• Wall Street's median 12-month price target for Enlight Renewable Energy Ltd is $30.00, about 21.7% below its November 11 closing price of $36.51

Press Release: ID:nGNX5TxgW

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