Israel's Enlight Renewable Energy Q1 revenue rises 54% on new U.S. projects

Enlight Renewable Energy

05/05/2026 11:15

Overview

Israel renewables developer's Q1 revenue rose 54% yr/yr, driven by new U.S. projects

Net income for Q1 was $38 mln, up 76% yr/yr excluding prior asset sale

Adjusted EBITDA for Q1 rose 58% yr/yr, excluding asset sale gains

Outlook

Company reaffirms 2026 revenue guidance of $755 mln to $785 mln

Enlight expects 2026 adjusted EBITDA of $545 mln to $565 mln

Company expects to begin construction of projects totaling about 3 GW in remainder of 2026

Result Drivers

NEW U.S. PROJECTS - Roadrunner and Quail Ranch projects in the U.S. contributed to revenue growth after being connected at the end of Q4 2025

HIGHER OUTPUT - Increased output from existing projects, mainly due to stronger-than-average wind conditions in Israel and Europe, added to revenue

TAX BENEFITS - Income from U.S. tax benefits rose, driven by newly commissioned projects

Company press release: ID:nGNXbYcQWL

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$200 mln
Q1 Net Income
$38 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the independent power producers peer group is "buy"

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)