Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Enlight Renewable Energy ( (IL:ENLT) ) just unveiled an update.
Enlight Renewable Energy reported strong financial results for 2024, with revenues and income growing by 53% year-over-year to $399 million. Despite a 32% decline in net income to $67 million, the company achieved a 49% increase in adjusted EBITDA to $289 million. The growth was attributed to substantial tax benefits and the company’s diversified operations. Enlight is on track to construct 4.7 FGW of capacity in 2025, with a target to triple its business by 2028, reaching annual revenues over $1 billion. The company aims to achieve an operating capacity of 8.6 FGW by the end of 2027, with an expected average return on equity exceeding 15%.
More about Enlight Renewable Energy
Enlight Renewable Energy Ltd. operates in the renewable energy industry, focusing on solar, wind, and energy storage technologies. The company is engaged in diversified and innovative operations across three continents, aiming to significantly expand its energy generation capacity.
YTD Price Performance: -1.96%
Average Trading Volume: 20,537
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2B
For an in-depth examination of ENLT stock, go to TipRanks’ Stock Analysis page.
