Gilad Yavetz, founder of Enlight, to serve as Executive chairman of the board Adi Leviatan to be appointed CEO, bringing a proven track record of executive leadership from leading global companies; Yair Seroussi to serve as vice chairman This step, grounded in strength, and promising continuity and expansion, marks the next milestone in Enlight's roadmap towards becoming a global leader in renewable energy TEL AVIV, Israel, July 30, 2025 (GLOBE NEWSWIRE) -- Enlight Renewable Energy ("Enlight", "the Company" ...

Core Viewpoint - Enlight Renewable Energy is set to release its financial results for Q2 2025 on August 6, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial results for the second quarter ended June 30, 2025, will be announced before market open on August 6, 2025 [1] - The company will host two conference calls to discuss the financial results and business outlook, one in English and one in Hebrew [2] Group 2: Conference Call Details - The English conference call is scheduled for 8:00 AM Eastern Time / 3:00 PM Israel Time [2] - A Hebrew webcast will take place at 6:00 AM Eastern Time / 1:00 PM Israel Time [3] Group 3: Registration and Access - Participants must pre-register to join the live conference call and webcast [3][4] - The earnings release and additional investor presentation materials will be available on the company's website prior to the calls [4] Group 4: Company Overview - Enlight, founded in 2008, develops, finances, constructs, owns, and operates utility-scale renewable energy projects [4] - The company operates in solar, wind, and energy storage sectors across the U.S., 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]

Core Viewpoint - The "One Big Beautiful Bill" (OBBB) introduced by President Trump is significantly impacting the U.S. renewable energy sector, shifting market expectations and prompting analysts to downgrade several solar companies while creating "winners" and "losers" in the industry [1] Winners and Losers - Companies favored under the new policy include First Solar (FSLR.US), Bloom Energy (BE.US), and Sunrun (RUN.US), which are expected to benefit from expanded subsidy policies and favorable technology licensing [2] - Conversely, Fluence Energy (FLNC.US), Nextracker (NXT.US), Shoals Technologies (SHLS.US), and Enlight Renewable Energy (ENLT.US) face greater policy resistance and market saturation risks, leading to rating downgrades for these firms [2] Utility Solar Outlook - The outlook for utility-scale solar projects appears bleak, as the bill accelerates the expiration of tax incentives for solar and wind energy, with potential construction deadlines and grid access bottlenecks limiting project deployment [3] - Nextracker and Shoals have had their ratings downgraded from "outperform" to "neutral," with Nextracker's target price reduced by 3% to $65 [3] Manufacturing and Storage Boost - Domestic clean energy manufacturers are expected to be the biggest beneficiaries of the OBBB, with the 45X manufacturing tax credit retained and restrictions placed on foreign entities from receiving subsidies [4] - Target prices for Canadian Solar (CSIQ.US) and First Solar have been adjusted upward, reflecting their eligibility for subsidies due to U.S. manufacturing [4] Fuel Cells and Nuclear Energy Favor - The bill reinstates a 30% investment tax credit for natural gas fuel cells, benefiting companies like Bloom Energy, which sees its target price raised by 19% to $31 [5] - New nuclear technologies also receive extended tax credit support until 2033, positioning the nuclear sector as a long-term winner under the OBBB [5] Broad Impact on Clean Energy Technology - While the OBBB retains manufacturing subsidies and storage incentives, the accelerated exit of solar and wind support policies may lead to a short-term demand surge followed by uncertainty [7] - The bill significantly restricts opportunities for Chinese companies to receive U.S. clean energy subsidies, posing challenges for firms reliant on Chinese manufacturing for batteries or solar panels [7]

Leadership Change - Clenera announced a leadership transition with Jared McKee becoming CEO on October 1, 2025, succeeding Adam Pishl, who will take on the role of Vice Chair of the Board [1][2][5] - Adam Pishl has successfully led Clenera through a transformative growth period, evolving it into an integrated development platform and independent power producer [2][5] Leadership Contributions - Jared McKee has nearly a decade of leadership experience at Clenera, contributing significantly to the company's development momentum and guiding its growth trajectory as Chief Commercial Officer [4][5] - Pishl emphasized the importance of team building and culture in Clenera's success, highlighting McKee as a strong leader committed to the company's mission [5][6] Company Overview - Clenera, a subsidiary of Enlight Renewable Energy, focuses on developing, financing, constructing, owning, and operating utility-scale solar farms and energy storage facilities across the United States [6] - Enlight Renewable Energy operates in multiple renewable segments, including solar, wind, and energy storage, and has a global presence in the U.S., Israel, and 10 European countries [7]

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]

Summary of Enlight Renewable Energy (ENLT) Conference Call Company Overview - **Company**: Enlight Renewable Energy (ENLT) - **Date of Call**: May 29, 2025 - **Context**: Discussion on the impact of the IRA Transition and legislative updates on renewable energy projects Key Points Industry Context - The call focused on the utility-scale solar and storage sector in the U.S. and the implications of new legislation on the industry [6][7] - The legislation process is ongoing, with the House of Representatives having passed a version of the loan, which is now under Senate debate [6][7] Legislative Impact - The proposed legislation includes criteria for projects to achieve Commercial Operation Date (COD) by the end of 2028 to qualify for tax credits [15][16] - Enlight anticipates that between 6.5 to 8 gigawatts of capacity will meet the requirements for tax credits [8][17] - The company believes that the current legislative environment is favorable for its project portfolio, allowing for significant growth [10][22] Financial Projections - Enlight projects total revenues could reach approximately $2 billion annually by the end of 2028, representing a compound annual growth rate (CAGR) of around 40% [10][21] - The company has a portfolio of 15 gigawatts planned for 2029 and beyond, with expectations to qualify for additional capacity [14][21] Market Dynamics - Demand for electricity in the U.S. is expected to grow, driven primarily by data center developments and electrification trends [12][25] - The Levelized Cost of Energy (LCOE) for solar energy is estimated at $45 per megawatt-hour, making it competitive against fossil fuels [23][24] - The company is optimistic about the transition to a non-tax equity regime post-2019, citing declining equipment costs and increasing electricity demand [11][13] Project Development - Enlight is currently under construction for 1.4 gigawatts in the U.S. and plans to start construction on an additional 2.8 gigawatts [37] - The company has already met the requirements for 4.9 gigawatts of capacity and expects to meet additional requirements soon [17][61] Risk Management - The company has taken steps to mitigate risks associated with tariffs on Chinese imports by diversifying its supply chain [48][49] - Enlight is positioned to navigate potential tariff impacts, with a significant portion of its projects relying on suppliers with lesser exposure to tariffs [48][49] PPA and Pricing Expectations - The company has flexibility in contracting Power Purchase Agreements (PPAs) for projects expected to come online in 2028, with no current commitments for additional capacity beyond 2027 [40][41] - PPA pricing is expected to rise in line with growing demand, particularly from the data center sector, which is projected to increase its electricity consumption significantly [52][53] Conclusion - Enlight Renewable Energy is well-positioned to capitalize on the favorable legislative environment and growing demand for renewable energy in the U.S. The company anticipates significant revenue growth and has a robust project pipeline to support its strategic objectives [10][21][22]

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].

Financial Data and Key Metrics Changes - The company reported a revenue increase of 39% year-over-year, reaching $130 million, and adjusted EBITDA rose by 84% to $132 million [6][24][28] - Net income surged to $102 million, a 316% increase compared to $24 million in the previous year, largely driven by the Sunlight transaction [28][29] - The company reaffirmed its full-year guidance for 2025, expecting revenues between $490 million and $510 million and adjusted EBITDA between $360 million and $380 million [30] Business Line Data and Key Metrics Changes - Revenues from electricity sales increased by 21% to $110 million, attributed to new operational projects, with significant contributions from Atrisko and the Israel solar and storage cluster [24][26] - The Sunlight transaction contributed $42 million to adjusted EBITDA and $97 million to pretax profit, reflecting the higher valuation of the entire cluster [28][29] Market Data and Key Metrics Changes - The company secured financing of $1.5 billion for three major projects, demonstrating strong access to capital despite market uncertainties [9][29] - In Europe, there is rising demand for energy storage, with the company starting construction on 1.3 GWh of energy storage projects in Italy, Spain, and Sweden [12] Company Strategy and Development Direction - The company aims to triple its growth every three years, supported by a diversified supply chain strategy that mitigates tariff impacts [14][20] - The focus remains on meeting increasing energy demand from utilities across America, with a robust project pipeline [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business model and the ability to navigate changes in trade policies, with minimal impact on project economics [20][22] - The company is optimistic about the potential for revenue adjustments due to PPA negotiations, but currently does not foresee changes in guidance for 2025 [36][37] Other Important Information - The company has entered the standalone energy storage market in Poland, with 3.2 GWh under development [12] - A significant milestone was reached with the financial close for Country Acres and Quail Ranch, further supporting expansion plans [9][29] Q&A Session Summary Question: Potential for negotiations affecting revenue expectations - Management is optimistic about project results and does not foresee significant changes in revenue expectations due to PPA adjustments [35][36] Question: Update on CapEx negotiations and tariff impacts - Management indicated that negotiations are ongoing, with some contracts having automatic adjustments to mitigate tariff impacts [38][39] Question: Update on US pipeline qualifying for IRA credits - Management confirmed that projects under construction are fully covered by safe harbor provisions, with efforts ongoing for future projects [46] Question: Current financing environment - The company has successfully closed major financing transactions, indicating a resilient financing environment despite market challenges [49][50] Question: Tariff impact on non-Tesla sourced storage - Management stated that 20% of storage sourced from Chinese suppliers is protected through existing contracts and prior deliveries [51] Question: Sensitivity to tariffs from other countries - The company has a diversified supply chain strategy to mitigate risks from tariffs imposed on various countries [56][57] Question: Growth signs in Europe - Management noted strong demand for energy storage projects in Europe and ongoing development in Israel, particularly in agrosolar and data centers [58][60]

Enlight Renewable Energy Ltd. (ENLT) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 15.38%. A quarter ago, it was expected that this company would post a loss of $0.12 per share when it actually produced earnings of $0.04, delivering a surprise of 133.33%. Enlight Renewable Energy L ...

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 ...