Enlight Renewable Energy .(ENLT)

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Enlight Secures Financing for Spain's Largest Hybrid Renewable Energy Project
GlobeNewswire News Room· 2025-06-03 11:45
Core Viewpoint - Enlight Renewable Energy has secured approximately $310 million in financing for the Hybridisation of the Gecama Project in Spain, which will integrate solar and energy storage systems at the country's largest wind farm [1][6][11] Financing Details - The financing consists of two tranches: one for refinancing the Gecama Wind Project and another for the construction of the Hybrid Project, both with a fixed interest rate of approximately 5.1% [6][9] - Over $150 million of the secured debt will be allocated to the construction of the Hybrid Project, which has an estimated total cost of $195–205 million [7][8] Project Overview - The Gecama Hybrid Project will have a total capacity of 554 MW and 220 MWh, providing clean electricity continuously at a competitive generation cost [2][11] - Once operational, the project is expected to generate annual revenues of $95–105 million and EBITDA of $75–80 million [5][11] Strategic Importance - The project aims to enhance Spain's energy storage infrastructure, addressing the pressing need for such systems following recent blackouts [3][11] - Enlight is among the first to deploy utility-scale battery storage at this scale in Spain, which will support peak shifting and provide essential grid services [4][11] Operational Timeline - The solar and storage components are expected to reach commercial operation in the second half of 2026, with anticipated annual revenue increases of $38–40 million and EBITDA of $31–33 million in the first full year [5][11] Market Context - The financing is structured on a merchant basis, allowing the company to sell the project's electricity output on the open market without a long-term Power Purchase Agreement, reflecting confidence in Enlight's management and the economic potential of the Gecama site [9][10]
Enlight Renewable Energy (ENLT) Update / Briefing Transcript
2025-05-29 13:00
Enlight Renewable Energy (ENLT) Update / Briefing May 29, 2025 08:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Enlight and the IRA Transition Conference Call. Please be advised that today's conference is being recorded. I would now like to hand the conference over to Yonah Weitz, Director, IR. Please go ahead. Speaker1 Thank you, operator. Good morning, everyone, and thank you for joining the call. Our investor presentation entitled Enlight and the IRA Transition has been publis ...
Enlight Announces Conference Call to Discuss “Enlight and the IRA Transition” on May 29, 2025
GlobeNewswire· 2025-05-27 22:55
Core Viewpoint - Enlight Renewable Energy is set to discuss its growth potential in light of the current review of U.S. renewable energy tax credits policy during an upcoming conference call [1][2]. Group 1: Company Overview - Enlight Renewable Energy, founded in 2008, develops, finances, constructs, owns, and operates utility-scale renewable energy projects [4]. - The company operates in the three largest renewable segments: solar, wind, and energy storage, with a global presence in the United States, Israel, and 10 European countries [4]. - Enlight has been publicly traded on the Tel Aviv Stock Exchange since 2010 and completed its U.S. IPO in 2023 [4]. Group 2: Conference Call Details - The conference call is scheduled for Thursday, May 29, 2025, at 8:00 a.m. ET [2][3]. - Management will provide an overview of the company's growth potential and the implications of U.S. renewable energy tax credits policy [2]. - The call will include prepared remarks followed by a question and answer session [2].
Enlight Renewable Energy .(ENLT) - 2025 Q1 - Earnings Call Transcript
2025-05-06 13:02
Enlight Renewable Energy (ENLT) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Company Participants Yonah Weisz - Director of Investor RelationsGilad Yavetz - Co-Founder, CEO & DirectorAdam Pishl - Co-Founder & COO - ClēneraNir Yehuda - Chief Financial OfficerMike McNulty - Associate - Equity ResearchJohn Hurley - Equity Research Associate Conference Call Participants Justin Clare - MD & Research Analyst Operator Good day, and thank you for standing by. Welcome to the Enlight's First Quarter twenty twenty f ...
Enlight Renewable Energy .(ENLT) - 2025 Q1 - Earnings Call Presentation
2025-05-06 12:09
First Quarter 2025 Earnings Presentation 1 Legal disclaimer This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements contained in this present ...
Enlight Renewable Energy .(ENLT) - 2025 Q1 - Earnings Call Transcript
2025-05-06 12:00
Enlight Renewable Energy (ENLT) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Enlight's First Quarter twenty twenty five Earnings Call. Please be advised that today's conference is being recorded. I would now like to hand the conference over to Jono Weiss, Director, IR. Please go ahead. Speaker1 Thank you, operator. Good morning, everyone, and thank you for joining our first quarter twenty twenty five earnings conference call for Enlight Rene ...
Enlight Renewable Energy Reports First Quarter 2025 Financial Results
GlobeNewswire· 2025-05-06 10:05
Financial Performance - The company reported total revenues and income of $130 million for Q1 2025, a 39% increase from $94 million in Q1 2024 [5][27] - Net income surged to $102 million, reflecting a 316% increase compared to $24 million in the same period last year [5][33] - Adjusted EBITDA rose by 84% to $132 million, up from $72 million in Q1 2024 [5][34] - Cash flow from operating activities increased by 24% to $44 million, compared to $35 million in Q1 2024 [5] Revenue Breakdown - Revenues from electricity sales increased by 21% to $110 million, up from $90 million in Q1 2024 [27][30] - The company recognized $20 million in income from tax benefits, a 516% increase from $3 million in Q1 2024 [27] - Revenue contributions from new projects connected to the grid included $30 million from various projects, with significant contributions from Atrisco, Israel Solar and Storage Cluster, and others [28][30] Project Developments - The company sold 44% of the Sunlight cluster for $52 million, generating an additional $42 million in Adjusted EBITDA and $80 million in net profit for Q1 2025 [6][29] - The total portfolio consists of 33.4 FGW, with 8.6 FGW in the mature portfolio expected to generate annualized revenues of approximately $1.4 billion by 2027 [11][19] - The company has secured $1.8 billion in financing to support the construction of 4.7 FGW of capacity in 2025 [9] Geographic Revenue Distribution - Revenue distribution for Q1 2025 included $42.9 million from MENA, $51.4 million from Europe, and $34.8 million from the U.S., with the U.S. segment showing a 674% increase year-over-year [25][32] - Approximately 81% of operational capacity sells electricity under Power Purchase Agreements (PPAs), with 29% of power sold under inflation-linked PPAs [16] Operational Strategy - The company has effectively mitigated exposure to U.S. import tariffs through diversified procurement strategies, ensuring that projects under construction have no solar panel exposure under current tariff policies [3][8] - The operational portfolio is geographically diversified, with 44% of capacity in Europe, 29% in Israel, and 27% in the U.S. [16] Future Guidance - Total revenues and income for 2025 are projected to range between $490 million and $510 million, with Adjusted EBITDA expected between $360 million and $380 million [29][30] - Approximately 90% of electricity volumes expected to be generated in 2025 will be sold at fixed prices through PPAs or hedges [30]
Enlight Renewable Energy .(ENLT) - 2025 Q1 - Quarterly Report
2025-05-06 10:01
Exhibit 99.1 ENLIGHT RENEWABLE ENERGY REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS All of the amounts disclosed in this press release are in U.S. dollars unless otherwise noted TEL AVIV, ISRAEL, May 6, 2025 – Enlight Renewable Energy Ltd. (NASDAQ: ENLT, TASE: ENLT) today reported financial results for the first quarter of 2025 ending March 31, 2025. Registration links for the Company's earnings English and Hebrew conference call and webcasts can be found at the end of this earnings release. The entire suite ...
How Much Upside is Left in Enlight Renewable Energy Ltd. (ENLT)? Wall Street Analysts Think 27.82%
ZACKS· 2025-04-23 14:55
Core Viewpoint - Enlight Renewable Energy Ltd. (ENLT) shows potential for upside with a mean price target of $20.40, indicating a 27.8% increase from the current price of $15.96 [1] Price Targets and Estimates - The mean estimate consists of five short-term price targets with a standard deviation of $2.30, suggesting variability among analysts [2] - The lowest estimate of $18 indicates a 12.8% increase, while the highest estimate suggests a 44.1% surge to $23 [2] - A low standard deviation indicates a high degree of agreement among analysts regarding price movement [9] Analyst Sentiment and Earnings Estimates - Analysts have shown increasing optimism about ENLT's earnings prospects, with a positive trend in earnings estimate revisions [11] - The Zacks Consensus Estimate for the current year has increased by 0.4% due to one upward revision [12] - ENLT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13]
Enlight to Supply Vishay with $105m of Clean Power Over 12 Years
Newsfilter· 2025-04-22 13:00
TEL AVIV, Israel, April 22, 2025 (GLOBE NEWSWIRE) -- Enlight Renewable Energy ("Enlight", ", the Company", NASDAQ:ENLT, TASE: ENLT.TA), a leading renewable energy platform, announced that it has signed an agreement with Vishay Israel Ltd. for the supply of electricity valued at approximately $105m for a period of 12 years, and includes an option to significantly increase consumption volumes over the life of the contract. Vishay joins other leading entities in Israel that have signed clean electricity supply ...