Enlight Renewable Energy (ADR)
Develops and operates utility-scale solar, wind and storage projects across three geographic regions.
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Profile
Develops, finances, builds, owns and operates utility-scale solar, wind and energy-storage projects across MENA, Europe and the United States. The full-lifecycle model combines greenfield development with independent power production, while project conversion depends on permits, interconnection, financing, construction and power-offtake arrangements.
Develops, finances, constructs, owns and operates utility-scale renewable-energy projects across solar, wind and storage. MENA, Europe and USA are the reportable segments, with Israel and Europe contributing most of current revenue while the U.S. platform expands through Clēnera.
Controls the project lifecycle from greenfield development and financing through construction and long-term operation. This full-lifecycle model combines pipeline creation with independent power production, and the Clēnera acquisition supplied an established U.S. development organization.
Operating projects sell electricity under PPAs, hedges or merchant pricing structures. Development-stage assets must secure sites, permits, interconnection, financing, construction and offtake before producing electricity sales. Capital needs, counterparty performance, regional regulation, currencies and geopolitical conditions shape execution across the three regions, while Clēnera retains a founder minority interest and future put mechanism.
Company facts
Key statistics
Year to date +62.6% · Average volume (30d) 186.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 20, 2026 | Barclays | Reiterate | Overweight | $83 | $89 | |
| Jul 13, 2026 | Truist Financial | Target | $106 | |||
| Jul 7, 2026 | UBS | Reiterate | Buy | $65 | $115 | |
| Apr 9, 2026 | Deutsche Bank | Target | $38 | $65 | ||
| Feb 23, 2026 | Mizuho Securities | Target | $27 | $37 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.07 | $0.20 | +185.7% | $189.2M | $55.0M | −70.9% | +9.48% |
| May 5, 2026Q1 FY26 | $0.07 | $0.08 | +14.3% | $205.0M | $489.4M | +138.8% | +3.20% |
| Feb 17, 2026Q4 FY25 | −$0.07 | $0.10 | +242.9% | $173.5M | $401.9M | +131.6% | −3.06% |
| Nov 12, 2025Q3 FY25 | $0.07 | $0.16 | +128.6% | $146.2M | $138.5M | −5.3% | −4.96% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $109.8M | $388.7M | $138.5M | $216.8M | $156.5M | $165.0M | |
| Gross profit | $83.1M | $288.8M | $99.2M | $178.5M | $112.2M | $69.7M | |
| Operating income | $151.2M | $179.1M | $68.0M | $51.0M | $86.3M | $90.5M | |
| Net income | $94.5M | $1.4M | $22.0M | $14.2M | $24.1M | $29.2M | |
| Diluted EPS | $0.75 | $0.01 | $0.16 | $0.10 | $0.16 | $0.19 | |
| Gross margin | 75.7% | 74.3% | 71.6% | 82.3% | 71.7% | 42.2% | |
| Operating margin | 137.7% | 46.1% | 49.1% | 23.5% | 55.1% | 54.8% |
Fiscal years (4-quarter sums)FY21 $105.5M · FY22 $372.5M · FY23 $561.7M · FY24 $398.8M · FY25 $853.8M
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.17B · Total debt $6.42B · Total assets $10.46B · Shareholders' equity $2.17B
Dividends
No dividends on record.
Ownership
Shares outstanding 139.81M · Float 125.84M · 90.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Meitav Investment House Ltd | 11.23M | 8.52% | 13G | Sep 29, 2025 |
| Clal Insurance Enterprises Holdings Ltd | 11.16M | 7.98% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 8.63M | 6.20% | 13G | Jul 30, 2026 |
| Y.D. More Investments Ltd | 5.18M | 3.71% | 13F | Aug 5, 2026 |
| Altshuler Shaham Ltd | 3.91M | 2.80% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 1, 2026 | Israeli Ayelet Cohen | officer: VP OPERATIONS | −6,873 | $108.50 |
| May 28, 2026 | Lisa Haimovitz | officer: VP, GENERAL COUNSEL | −746 | $103.88 |
| May 28, 2026 | Alla Felder | director | −2,500 | $102.48 |
| May 28, 2026 | Yair Seroussi | director, other: VICE CHAIRMAN OF THE BOARD | −12,036 | $102.24 |
| May 29, 2026 | Michal Tzuk | director | −2,400 | $105.86 |
Peers
- NextEra Energy
Large U.S. renewable developer competing in solar, storage, and PPAs
- Brookfield Renewable Partners
Global renewable owner-developer with solar, wind, and storage overlap
- Clearway Energy
U.S. contracted clean-power owner focused on wind, solar, and storage
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Enlight Renewable Energy (ADR) | $77.54 | +0.01% | $10.84B | 127.1 | — | 18.8 | +51.3% |
| NextEra Energy | $81.84 | +0.02% | $170.72B | 18.3 | 19.9 | 5.9 | +12.5% |
| Brookfield Renewable Partners | $32.20 | +1.42% | $9.71B | 69.0 | — | 1.5 | +1.1% |
| Clearway Energy | $32.00 | +0.69% | $6.53B | 41.8 | — | 4.1 | +22.7% |
| Median | 41.8 | 19.9 | 4.1 | +12.5% |