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Enlight Raises Annual Forecast Again After 40% Revenue Growth
Renewable energy firm Enlight has raised its annual financial forecast for the second time, reporting a 40% revenue increase to $231 million in the third quarter. The company's adjusted EBITDA rose 38% to $154 million, driven by new projects and increased electricity trading in Israel.
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What happened
- 01Enlight's third-quarter revenues jumped 40% to $231 million, prompting a raised annual forecast.
- 02Adjusted EBITDA increased 38% to $154 million, fueled by new projects and Israeli electricity trading.
- 03The company updated its 2026 revenue projection to $810-$830 million, a 41% year-over-year increase.
- 04Enlight has a substantial project pipeline totaling 12.7 weighted gigawatts across generation and storage.
- 05U.S. projects form the largest part of the pipeline, but Israel currently drives a larger share of revenue.
- 06Net profit saw a modest 6% rise to $34 million due to a $20 million one-time provision.
Despite a one-time charge impacting net profit, Enlight projects 2026 revenues between $810-$830 million. The company has a large project pipeline, with significant ongoing development in the U.S. and Israel.
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