Israel's Enlight Renewable Energy Q2 net income rises

Enlight Renewable Energy

04/08/2026 11:21

Overview
Israel renewable power producer's Q2 revenue rose 55% yr/yr, driven by new U.S. projects
Q2 net income rose to $31 mln from $6 mln a year earlier
Company raised 2026 revenue and adjusted EBITDA guidance on strong first-half results

Outlook
Enlight raises 2026 revenue guidance to $790-$820 mln, up from $755-$785 mln
Company lifts 2026 Adjusted EBITDA guidance to $565-$585 mln from $545-$565 mln

Result Drivers
NEW U.S. PROJECTS - Revenue growth was primarily driven by new U.S. projects that began operating at the end of 2025
TAX CREDIT INCOME - Higher tax credit income, mainly from new U.S. projects and additional credits at the Atrisco project, contributed to revenue growth
ELECTRICITY TRADING & FX - Electricity trading in Israel and foreign exchange fluctuations further boosted revenues

Company press release: ID:nGNX1FcDpT

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
$31 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"

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(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.)