The latest announcement is out from Enlight Renewable Energy ( (IL:ENLT) ).
On May 6, 2025, Enlight Renewable Energy announced its financial results for the first quarter of 2025, reporting a 39% increase in revenues and a 316% rise in net income compared to the previous year. The company highlighted its strategic procurement approach, which has mitigated the impact of U.S. tariffs on its operations, particularly through partnerships with domestic suppliers like Tesla. Enlight also secured $1.8 billion in financing to support its expansion plans, aiming to construct 4.7 FGW of capacity in 2025. This expansion is part of a broader strategy to achieve an annual revenue and income run rate of $1.4 billion by 2027, significantly enhancing its market position and operational capacity.
More about Enlight Renewable Energy
Enlight Renewable Energy Ltd. operates in the renewable energy industry, focusing on the development and management of solar and wind power projects. The company is engaged in generating electricity through renewable sources and has a significant presence in Israel, Europe, and the United States.
YTD Price Performance: -6.19%
Average Trading Volume: 10,424
Technical Sentiment Signal: Sell
Current Market Cap: $1.94B
Find detailed analytics on ENLT stock on TipRanks’ Stock Analysis page.