Enlight Renewable Energy (IL:ENLT)
TASE:ENLT
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Enlight Renewable Energy
(TASE:ENLT)
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Rating:58Neutral
Price Target:
27,654.00
▲(13.80% Upside)
Action:DowngradedDate:02/18/26
The score is held back primarily by leverage and weak free-cash-flow conversion despite strong growth, while the earnings call guidance and funding progress provide a meaningful positive offset. Technically the trend is strong but appears overbought, and valuation looks demanding with a high P/E and no dividend support.
Positive Factors
Strong revenue and EBITDA growth
Sustained double‑digit revenue and EBITDA expansion reflects successful project ramp and commercial traction. Over the medium term this supports scaling economics, stronger operating margins and ability to fund growth as projects convert to operating cash flows, underpinning durable earnings power.
Negative Factors
High and rising leverage
Elevated and growing debt increases refinancing, interest‑rate and covenant risk for a capital‑intensive renewables platform. If operating cash conversion lags asset ramp, leverage constrains financial flexibility, raising the cost of growth and vulnerability to tighter credit or higher rates over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue and EBITDA growth
Sustained double‑digit revenue and EBITDA expansion reflects successful project ramp and commercial traction. Over the medium term this supports scaling economics, stronger operating margins and ability to fund growth as projects convert to operating cash flows, underpinning durable earnings power.
Read all positive factors
Enlight Renewable Energy (ENLT) vs. iShares MSCI Israel ETF (EIS)
Market Cap
₪37.05B
Dividend YieldN/A
Average Volume (3M)372.96K
Price to Earnings (P/E)68.5
Beta (1Y)1.27
Revenue Growth20.24%
EPS Growth179.02%
CountryIL
Employees360
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)35.20
Shares Outstanding139,195,340
10 Day Avg. Volume460,954
30 Day Avg. Volume372,960
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)3.38
Price to Sales (P/S)10.63
P/FCF Ratio-3.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₪20,637.72Price Target Upside-15.07% Downside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Enlight Renewable Energy Business Overview & Revenue Model
Company Description
Enlight Renewable Energy Ltd operates in the field of renewable energy in the United States, Europe, and Israel. The company develops, designs, constructs, finances, owns, and operates solar and wind energy projects. Its renewable energy total por...
How the Company Makes Money
Enlight Renewable Energy makes money primarily by generating electricity from its renewable energy assets (e.g., wind and solar facilities) and selling that electricity into the market, typically under long-term power purchase agreements (PPAs) or...
Enlight Renewable Energy Earnings Call Summary
Earnings Call Date:Feb 17, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 05, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational momentum and financial progress: robust YoY revenue and adjusted EBITDA growth, meaningful portfolio and storage expansion, major U.S. project mobilizations, and substantial liquidity and tax-equity progress. Challenges noted were moderate cost increases, non-cash and financing-related pressures compressing net income, reliance on tax incentives and regulatory clarification, and timing concentration of upcoming capacity additions that introduce execution risk. On balance, the positives — sizable growth, upgraded guidance, and secured funding — materially outweigh the lowlights.Positive Updates
Strong Revenue and EBITDA Growth
Q4 revenue and income grew 46% year-over-year to $152 million; full-year 2025 revenue and income rose 46% to $582 million. Adjusted EBITDA grew 51% in 2025 to $438 million (or +36% excluding the Sunlight sell-down); Q4 adjusted EBITDA was $99 million, +51% YoY. Company exceeded full-year revenue and EBITDA guidance by 4% and 7%, respectively.
Negative Updates
Modest Net Income Despite Strong EBITDA
Q4 net income was $21 million despite $99 million in adjusted EBITDA. Non-cash and non-operational items reduced net profit: depreciation & amortization increased by $12 million, net financial expenses rose by $4 million, and tax expenses increased by $7 million in the quarter.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Revenue and EBITDA Growth
Q4 revenue and income grew 46% year-over-year to $152 million; full-year 2025 revenue and income rose 46% to $582 million. Adjusted EBITDA grew 51% in 2025 to $438 million (or +36% excluding the Sunlight sell-down); Q4 adjusted EBITDA was $99 million, +51% YoY. Company exceeded full-year revenue and EBITDA guidance by 4% and 7%, respectively.
Read all positive updates
Company Guidance
Enlight guided 2026 revenues and income of $755–785 million and adjusted EBITDA of $545–565 million (midpoint growth vs. 2025 of ~32% revenue and ~27% EBITDA), which includes an estimated $160–180 million of U.S. tax benefit; management expects ~90% of 2026 generation to be sold at fixed prices with a currency mix of ~39% USD (including tax incentives), 34% ILS and 27% EUR. They forecast a record construction year with 3–4 factored gigawatts beginning construction, roughly 7 factored gigawatts under construction during 2026, and ~1.1 factored gigawatts expected to reach COD by year‑end 2026 (adding about $137 million of annual run‑rate revenue and $109 million of adjusted EBITDA). Looking to 2028, Enlight targets 12–13 factored gigawatts of operating capacity producing $2.1–2.3 billion of annual run‑rate revenue and income (with over 11 factored GW in the mature portfolio), expects unlevered returns on under‑construction/preconstruction projects of 12–13% (up from 11–12%) and return on equity >18%, and plans to safe‑harbor an additional 0.5–3.5 factored gigawatts in H1 2026 as part of a 14–17 factored GW safe‑harbor ambition.Enlight Renewable Energy Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
52
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.69B | 398.80M | 261.14M | 645.69M | 330.88M |
| Gross Profit | 704.65M | 209.21M | 142.55M | 111.10M | 194.35M |
| EBITDA | 1.30B | 292.68M | 255.01M | 123.06M | 81.26M |
| Net Income | 455.66M | 44.21M | 70.92M | 24.73M | 11.22M |
Balance Sheet | |||||
| Total Assets | 27.50B | 20.17B | 16.68B | 12.18B | 8.80B |
| Cash, Cash Equivalents and Short-Term Investments | 2.99B | 1.41B | 1.47B | 799.03M | 947.95M |
| Total Debt | 17.14B | 11.34B | 9.72B | 7.45B | 5.65B |
| Total Liabilities | 21.23B | 14.93B | 11.51B | 8.56B | 6.45B |
| Stockholders Equity | 5.30B | 4.29B | 4.21B | 2.77B | 1.65B |
Cash Flow | |||||
| Free Cash Flow | -5.53B | 193.07M | -582.61M | -548.35M | -1.30B |
| Operating Cash Flow | 726.35M | 193.07M | 149.62M | 90.32M | 168.43M |
| Investing Cash Flow | -7.53B | -3.60B | -798.96M | -819.49M | -2.08B |
| Financing Cash Flow | 7.18B | 2.76B | 855.30M | 684.31M | 2.44B |
Enlight Renewable Energy Technical Analysis
Positive
24300.00
Price Trends
21837.00
Positive
18251.20
Positive
13952.52
Positive
Market Momentum
595.74
Negative
60.77
Neutral
86.19
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ENLT, the sentiment is Positive. The current price of 24300 is above the 20-day moving average (MA) of 22734.00, above the 50-day MA of 21837.00, and above the 200-day MA of 13952.52, indicating a bullish trend. The MACD of 595.74 indicates Negative momentum. The RSI at 60.77 is Neutral, neither overbought nor oversold. The STOCH value of 86.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IL:ENLT.
Enlight Renewable Energy Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
58 Neutral | ₪37.05B | 68.48 | 3.27% | ― | 20.24% | 179.02% | |
55 Neutral | ₪12.28B | 35.44 | ― | 2.25% | 12.94% | -3.23% | |
54 Neutral | ₪4.60B | -167.26 | ― | ― | 22.46% | -99.71% | |
47 Neutral | ₪14.62B | -16.82 | ― | ― | 62.22% | -2042.11% | |
45 Neutral | ₪9.53B | -67.94 | ― | ― | ― | ― | |
42 Neutral | ₪1.06B | -96.92 | -1.46% | ― | 2.99% | 58.32% |
* Utilities Sector Average
IL:ENLT
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26,590.00
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352.13%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.