Enlight Renewable Energy .(ENLT)

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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 ...
Enlight to Report First Quarter 2025 Financial Results on Tuesday, May 6, 2025
Newsfilter· 2025-04-17 14:30
TEL AVIV, Israel, April 17, 2025 (GLOBE NEWSWIRE) -- Enlight Renewable Energy ("Enlight", ", the Company", NASDAQ:ENLT, TASE: ENLT.TA), a leading renewable energy platform, today announced it will release its financial results for the first quarter ended March 31, 2025, before market open on Tuesday, May 6, 2025. Conference Call Information Enlight will host a conference call to review its financial results and business outlook at 8:00 AM ET on Tuesday, May 6, 2025. Management will deliver prepared remarks ...
Enlight Raises a Total of $1.5 Billion in Project Finance Following its Third U.S. Financial Close Within Four Months
GlobeNewswire· 2025-04-14 10:15
The financial close for Quail Ranch includes $243 million of construction loans; COD is expected towards the end of 2025 Enlight’s three U.S. projects now under construction have a combined capacity of 1.4 FGW and are projected to generate total annual revenues of $135-140 million TEL AVIV, Israel, April 14, 2025 (GLOBE NEWSWIRE) -- Enlight Renewable Energy Ltd. (“Enlight”, “the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading global renewable energy platform, announces the financial close for project Quai ...
Enlight Announces the Financial Close for Project Country Acres
Newsfilter· 2025-03-31 10:01
The debt financing package includes $773 million of construction loans Country Acres consists of 403 MW of solar generation and 688 MWh of energy storage capacity, and is expected to reach full COD during the second half of 2026 TEL AVIV, Israel, March 31, 2025 (GLOBE NEWSWIRE) -- Enlight Renewable Energy Ltd. ("Enlight", "the Company", NASDAQ:ENLT, TASE: ENLT.TA), a leading global renewable energy platform, announced today that the Company has received debt financing (the "Debt Financing") for project Coun ...
Enlight Announces Filing of Form 20-F For The Year Ended December 31, 2024
GlobeNewswire· 2025-03-28 13:15
Core Viewpoint - Enlight Renewable Energy Ltd. has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission, providing audited financial statements and other relevant information [1][2]. Company Overview - Enlight Renewable Energy, founded in 2008, develops, finances, constructs, owns, and operates utility-scale renewable energy projects, focusing on solar, wind, and energy storage [3]. - The company operates in the United States, Israel, and 10 European countries, and has been listed on the Tel Aviv Stock Exchange since 2010 and completed its U.S. IPO in 2023 [3]. Financial Reporting - The annual report on Form 20-F includes audited financial statements and is accessible on the SEC's website and the company's investor relations website [2]. - Shareholders can request a hard copy of the annual report, including complete audited financial statements, free of charge [2].
Enlight Wins Israel's First Ever Land Tender for an Integrated Data Center and Renewable Energy Facility in the Ashalim Region
GlobeNewswire News Room· 2025-03-28 10:00
Core Insights - Enlight Renewable Energy has won a tender from the Israel Land Authority to develop a data center and renewable energy complex in Ashalim, Israel, with an investment of up to $1.1 billion [1][2][3] - The project aims to address the high demand for data centers in Israel, particularly in the southern region, which is equipped with renewable energy infrastructure [2][4] - The integrated facility will include a solar generation and energy storage component to meet part of the data center's electricity demand, enhancing operational efficiency [3][4] Company Overview - Enlight Renewable Energy, founded in 2008, specializes in developing, financing, constructing, owning, and operating utility-scale renewable energy projects across solar, wind, and energy storage sectors [5] - The company operates in multiple regions, including the United States, Israel, and ten European countries, and has been publicly traded since 2010 [5] Market Context - There is a significant demand for new data centers in Israel, primarily concentrated in the central region, which faces land and power infrastructure shortages [2] - Ashalim is identified as an optimal location due to its existing renewable energy hub and high-voltage transmission networks, facilitating the establishment of large-scale data centers [2][4]
Enlight Wins Israel's First Ever Land Tender for an Integrated Data Center and Renewable Energy Facility in the Ashalim Region
Newsfilter· 2025-03-28 10:00
Core Insights - Enlight Renewable Energy has won a tender from the Israel Land Authority to develop a data center and renewable energy complex in Ashalim, Israel, with an investment of up to $1.1 billion [1][2][3] - The project aims to address the high demand for data centers in Israel, particularly in the southern region, which is equipped with renewable energy infrastructure [2][4] - The integrated facility will include a solar generation and energy storage component to meet part of the data center's electricity demand, enhancing operational efficiency [3][4] Company Overview - Enlight Renewable Energy, founded in 2008, specializes in developing, financing, constructing, owning, and operating utility-scale renewable energy projects across solar, wind, and energy storage sectors [5] - The company operates in multiple regions, including the United States, Israel, and ten European countries, and has been publicly traded since 2010 [5] Market Context - There is a significant demand for new data centers in Israel, primarily concentrated in the central region, which faces land and power infrastructure shortages [2] - Ashalim is identified as an optimal location due to its existing renewable energy hub and high-voltage transmission networks, facilitating the establishment of large-scale data centers [2][4]
Enlight Renewable Energy .(ENLT) - 2024 Q4 - Annual Report
2025-03-27 21:54
Financial Performance - The company reported a total revenue of $X billion for the fiscal year, representing a Y% increase compared to the previous year[12]. - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion for the quarter[1]. - The company reported a significant increase in revenue, achieving $500 million in Q4 2023, representing a 25% year-over-year growth[1]. - The company reported a net profit margin of J%, an improvement from K% in the previous year[12]. - The company provided guidance for the next quarter, projecting revenue between $B billion and $C billion, which indicates a growth of D%[12]. - The company provided a future outlook with a revenue guidance of $1.8 billion for the next quarter, representing a 12% increase[1]. - The company provided guidance for the next fiscal year, projecting revenue growth of 20% to $600 million[3]. User Growth - User data showed an increase in active users to Z million, reflecting a growth rate of A% year-over-year[13]. - User data showed a growth of 20% in active users, totaling 10 million users by the end of the quarter[1]. - User data showed a 15% increase in active users, reaching 2 million by the end of the fiscal year[2]. Product Development - New product launches are expected to contribute an additional $E million in revenue over the next fiscal year[13]. - New product launches included a cutting-edge software platform expected to generate $200 million in additional revenue next year[1]. - New product launches included a solar energy solution expected to generate $50 million in additional revenue in the first year[4]. Market Expansion - Market expansion efforts have led to a 20% increase in market share in the Asia-Pacific region[13]. - The company is expanding its market presence in Asia, targeting a 25% increase in market share by the end of the fiscal year[1]. - The company is expanding its market presence in Europe, targeting a 30% increase in market share by 2025[5]. Acquisitions and Partnerships - The company has completed the acquisition of G, which is expected to add $H million in annual revenue[12]. - A strategic acquisition of a smaller tech firm was completed for $300 million, aimed at enhancing product capabilities[1]. - A strategic acquisition of a 90.1% stake in Clēnera is anticipated to enhance operational capacity and efficiency[6]. - A new strategic partnership has been formed to enhance distribution channels, potentially increasing sales by I%[13]. - The company announced a new partnership with a leading industry player, expected to drive an additional $100 million in revenue over the next two years[1]. - The company announced the acquisition of Aria Energy Ltd. in February 2024, focusing on small PV and storage systems for municipal rooftop customers[136]. - A joint venture with Electra Power was launched in July 2024 to market and supply renewable electricity to households and small businesses, pending approval from the Israeli Competition Authority[136]. Research and Development - The company is investing $F million in R&D for new technologies aimed at enhancing user experience[12]. - Research and development expenses increased by 10%, totaling $150 million, to support innovation initiatives[1]. - Research and development expenses increased by 10%, totaling $40 million, focusing on innovative renewable energy technologies[7]. Operational Efficiency - The company reported a gross margin of 45%, up from 42% in the previous quarter, indicating improved operational efficiency[1]. - The company aims to reduce operational costs by 15% through improved supply chain management[8]. - Capital expenditures for the quarter were $50 million, focused on upgrading manufacturing facilities[1]. Regulatory and Compliance Risks - The company is actively managing risks related to regulatory approvals and supply chain disruptions to ensure project timelines are met[10]. - The development of renewable energy projects is highly regulated, requiring various governmental approvals and permits, which have become more demanding across the industry[68]. - The company’s projects are subject to various regulatory and environmental risks that could impact operations and financial performance[97]. - The company faces risks related to compliance with environmental, health, and safety laws, which could result in penalties or operational restrictions[161]. Supply Chain and Market Risks - Supply chain disruptions have led to increased costs and delays in obtaining materials, particularly for steel, aluminum, polycrystalline silicon, and lithium, impacting financial performance[70]. - Concerns about forced labor in China's Xinjiang region have led to U.S. legislation restricting imports, which could disrupt supply chains and harm the company's reputation[71]. - Political tensions in the South China Sea and the potential for conflict over Taiwan could severely impact the supply chain for critical materials like polycrystalline silicon and lithium, affecting financial performance[75]. - The company relies on a small number of suppliers for essential components, and any failure by these suppliers could lead to significant operational disruptions and increased costs[79]. Financial Risks - The company is exposed to interest rate risk due to financing activities through project debt, bonds, and credit facilities[172]. - The company may not be able to obtain project financing on attractive terms, which could adversely affect project development and construction[178]. - The downgrading of Israel's credit ratings could materially adversely impact the company's ability to finance future projects[172]. - The company may face significant costs associated with novating or cash settling outstanding swaps or other financial derivatives during refinancing[180]. Cybersecurity and IT Risks - The company has taken steps to enhance the security of its IT systems but anticipates an increase in cyber-attack attempts in the future[127]. - The company faces increased cybersecurity risks due to the ongoing conflict in Israel, which may lead to higher costs for countering cyber-attack risks[127]. - In 2024, the company experienced one cyber-related incident classified as immaterial, with no damage to its data or infrastructure[127]. Shareholder and Market Considerations - The market price of the company's ordinary shares may experience significant volatility due to various factors, including changes in laws, speculation, and market conditions[207]. - The issuance of additional ordinary shares or convertible securities may dilute existing shareholders' ownership and adversely affect the share price[212]. - Future sales of ordinary shares in the public market could harm the prevailing market price of the company's shares[213]. - The trading of the company's ordinary shares may be influenced by analysts' reports, and unfavorable research could lead to a decline in share price[211].
NTA and Enlight Sign a $22m Power Purchase Agreement
Newsfilter· 2025-02-26 21:30
NTA, a government-owned company building the light rail and metro in the Tel Aviv metropolitan region, will operate the mass transit network using clean energy supplied by Enlight The agreement significantly reduces NTA's electricity costs TEL AVIV, Israel, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Enlight Renewable Energy ("Enlight", ", the Company", NASDAQ:ENLT, TASE: ENLT.TA), a leading renewable energy platform, announced today that NTA Metropolitan Mass Transit System Ltd. ("NTA") has signed a 5-year PPA with ...