Enlight Renewabl Stock Price, News & Analysis

Enlight Renewable Energy (NASDAQ: ENLT) has secured $243 million in construction financing for its Quail Ranch project near Albuquerque, New Mexico. The project combines 128 MW solar generation with 400 MWh battery storage capacity and is scheduled for completion by end-2025.

This marks Enlight's third U.S. financial close in four months, totaling $1.5 billion in project finance. The three projects under construction have a combined capacity of 1.4 FGW and are projected to generate annual revenues of $135-140 million and EBITDA of $100-110 million when operational in 2025-2026.

Quail Ranch features a 20-year busbar PPA with Public Service Company of New Mexico and will benefit from shared infrastructure with the operational Atrisco project. The financing was led by a consortium including BNP Paribas, Crédit Agricole, Natixis, and Nord/LB, with the construction loan expected to convert into a $120 million term loan upon completion.

Enlight Renewable Energy (NASDAQ: ENLT) has secured $773 million in debt financing for its Country Acres project near Sacramento, California. The project combines 403 MW of solar generation with 688 MWh of energy storage capacity, expected to be operational by second half of 2026.

The financing package, arranged with BNP Paribas, Crédit Agricole, Natixis, and Nord/LB, will convert into a $376 million term loan upon project completion. Country Acres features a 30-year solar generation PPA and 20-year energy storage agreement with Sacramento Municipal Utility District (SMUD).

The 966-acre project has begun construction and will power approximately 80,000 California households. This development is part of Enlight's U.S. expansion, which includes other major projects like Quail Ranch and Roadrunner, with expected annual U.S. revenue of $195-207 million after completion of current construction projects.

Enlight Renewable Energy (NASDAQ: ENLT, TASE: ENLT) has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC). The report, which includes the company's audited financial statements, is now accessible through the SEC's website and Enlight's investor relations portal.

The company has confirmed it will provide shareholders with complimentary hard copies of the annual report, including complete audited financial statements, upon request.

Enlight Renewable Energy (NASDAQ: ENLT) has won a landmark Israel Land Authority tender to develop an integrated data center and renewable energy complex in Ashalim, southern Israel. The company plans to invest up to $1.1 billion in this pioneering 50-acre project.

The facility will feature a 100 MW AC hourly consumption capacity and includes a solar generation and energy storage facility to partially meet electricity demands and reduce operating costs. This strategic development addresses Israel's growing data center demands while supporting the national initiative to relocate large electricity consumers closer to renewable energy production zones.

The project leverages Ashalim's position as Israel's largest renewable energy hub, with existing high-voltage transmission and communication networks, providing an efficient alternative to the current concentration of data centers in Israel's central region where land and power infrastructure are scarce.

Enlight Renewable Energy (NASDAQ: ENLT) has signed a 5-year Power Purchase Agreement (PPA) worth $22 million with NTA Metropolitan Mass Transit System The agreement, signed within Israel's deregulated electricity market, will supply clean energy to NTA's light rail and metro network in Tel Aviv.

The deal includes an option to increase purchase volumes and follows similar agreements with companies like Big Shopping Centers, SodaStream, and Amdocs. The partnership will significantly reduce NTA's electricity costs while cutting annual carbon emissions equivalent to planting 380,000 trees or removing 9,000 fuel-powered vehicles from roads.

This agreement contributes to Enlight MENA's growth, which doubled its revenues in Israel last year to over $150 million. The company emphasizes that clean energy is now the most cost-effective energy source, promoting competition and lower electricity prices in the Israeli market.

Enlight Renewable Energy (NASDAQ: ENLT) reported strong financial results for Q4 and full year 2024. Full-year revenues reached $399 million, up 53% year-over-year, with Adjusted EBITDA of $289 million (+49%). However, net income declined 32% to $67 million.

The company's total portfolio comprises 20 GW of generation capacity and 35.8 GWh storage. The operating component has 2.5 GW generation capacity and 1.9 GWh storage. For 2025, Enlight projects revenues between $490-510 million and Adjusted EBITDA of $360-380 million, representing a 25% increase.

Enlight plans to have 4.7 FGW under construction in 2025, with a total investment of $5.5 billion. The company aims to reach operating capacity of 8.6 FGW by 2027, targeting annual revenues over $1 billion by 2028.

Enlight Renewable Energy (NASDAQ: ENLT) has won bids for two energy storage facilities in southern Israel through the Israel Electricity Authority's first availability tariff tender. The facilities, Neot Smadar and Ohad, have a combined grid connection capacity of 300 MW AC, enabling total storage capacity of 1,300 MWh, potentially expanding to 1,900 MWh in the deregulated market.

The projects, expected to be operational by 2028, will require construction costs between $210-250 million and are projected to generate annual revenues of $75-85 million with EBITDA of $37-42 million. These facilities represent 20% of the total capacity awarded in the tender, strengthening Enlight's position in Israel's storage market. The company currently has approximately 8 GWh of mature storage projects set for operation by 2027 and a development portfolio of about 25 GWh, with 6 GWh located in Israel.

Enlight Renewable Energy (NASDAQ: ENLT, TASE: ENLT.TA) has scheduled its fourth quarter and full year 2024 financial results announcement for Wednesday, February 19, 2025, before market open. The company will host a conference call at 8:00 AM ET on the same day, featuring management presentations and a Q&A session.

Participants can join via conference call through pre-registration or through a webcast. Financial results and investor presentation materials will be available on the company's website before the call, with an archived version of the webcast accessible afterward on Enlight's investor relations website.

Enlight Renewable Energy (NASDAQ: ENLT) has signed an agreement to sell 44% of a partnership holding the Sunlight cluster of Israeli renewable energy projects to Harel Insurance and Amitim Senior Pension Funds for $50 million. The transaction values the entire cluster at $114 million, comprising $102 million base and $12 million in deferred consideration.

The Sunlight Cluster includes 69 MW of solar generation and 448 MWh of energy storage capacity, representing 5% of Enlight's Israeli portfolio and 1% of its global portfolio. Upon completion in Q1 2025, Enlight will recognize a $94 million profit and cease consolidating the Partnership's financial results.

Key arrangements include Enlight's exclusive 20-year electricity purchase agreement, commitments for future project investments, and specified holding requirements. The transaction requires Israeli Competition Authority approval.