Enlight Renewable Energy Posts Strong 2025 Results and Expands U.S. Portfolio With CO Bar Mega-Project

Enlight Renewable Energy ( (IL:ENLT) ) has issued an update.

Enlight Renewable Energy reported strong fourth-quarter and full-year 2025 results on February 17, 2026, with annual revenues and income rising 46% year over year to $582 million and net income more than doubling to $161 million. Adjusted EBITDA climbed 51% to $438 million and operating cash flow increased 11% to $283 million, underscoring improved profitability and cash generation.

For the fourth quarter of 2025, revenues and income grew 46% to $152 million and net income surged 153% to $21 million, while adjusted EBITDA advanced 51% to $99 million and operating cash flow rose 38% to $75 million. Management highlighted “strong execution momentum” as the company scales its portfolio from development through construction and operations.

The company issued 2026 guidance calling for revenues and income of $755 million to $785 million and adjusted EBITDA of $545 million to $565 million, implying mid‑30% and high‑20% growth respectively versus 2025. Enlight expects about 90% of 2026 electricity volumes to be sold at fixed prices through power purchase agreements or hedges, and it anticipates commissioning 1.1 factored gigawatts, adding roughly $137 million of annualized revenues and $107 million of annualized adjusted EBITDA.

By year-end 2026, Enlight projects its operating and under-construction portfolio will reach 10.4 to 11.4 factored gigawatts, supporting projected annualized revenues of $1.8 billion to $2 billion by the end of 2028 when fully operational. The company also plans to start construction on 3 to 4 factored gigawatts of new projects in 2026, which would expand total capacity under construction to between 6.5 and 7.5 factored gigawatts.

Enlight’s total portfolio has grown to 20.6 GW of generation and 61 GWh of storage, equal to 38 factored gigawatts, a 26% increase from the end of 2024, while the mature component of the portfolio has expanded 33% to 11.4 factored gigawatts. Growth is driven in part by the CO Bar solar-plus-storage complex in Arizona, a roughly $2.9–$3.0 billion mega-project expected to deliver $209–$219 million in EBITDA in its first full year of operation and illustrate the company’s strategy of maximizing returns via existing grid connections.

The CO Bar complex, one of the largest renewable projects in the U.S., has reached key development milestones including a 1 GW grid connection agreement and a long-term energy storage availability contract for later phases, shifting all five phases into Enlight’s mature portfolio with commercial operation dates targeted for 2027–2028. Enlight has also secured U.S. tax-credit Safe Harbor eligibility for 13.2 factored gigawatts of capacity, covering its entire mature U.S. portfolio and a significant portion of advanced development projects, reinforcing long-term economics and visibility for investors and lenders.

The most recent analyst rating on (IL:ENLT) stock is a Buy with a ILs21403.00 price target. To see the full list of analyst forecasts on Enlight Renewable Energy stock, see the IL:ENLT Stock Forecast page.

More about Enlight Renewable Energy

Enlight Renewable Energy is an Israel-based renewable power company listed on Nasdaq and the Tel Aviv Stock Exchange that develops, builds, finances, owns and operates utility-scale solar, wind and energy storage projects. The company focuses on large, diversified portfolios across the U.S. and other global markets, with a growing emphasis on grid-connected solar-plus-storage complexes and long-term contracted power sales.

Average Trading Volume: 392,694

Technical Sentiment Signal: Buy

Current Market Cap: ILs26.05B

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