Enlight Renewable Energy Ltd ( (ENLT) ) has released its Q4 earnings. Here is a breakdown of the information Enlight Renewable Energy Ltd presented to its investors.
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Enlight Renewable Energy Ltd, a company specializing in the development and operation of utility-scale renewable energy projects across solar, wind, and energy storage segments, has showcased its global presence in markets including the United States, Israel, and multiple European countries.
In its latest earnings report, Enlight Renewable Energy reported a significant increase in revenues and adjusted EBITDA for the fourth quarter and full year 2024, surpassing both its own forecasts and analyst expectations. Despite a decline in net income, the company delivered strong operational cash flow, highlighting its robust financial health.
Key financial highlights from 2024 include a 53% year-over-year increase in revenues to $399 million and a 49% rise in adjusted EBITDA to $289 million. However, net income fell by 32% to $67 million, impacted by one-time items in the previous year. Enlight’s diverse portfolio, spanning 20 GW of generation capacity, drove growth, with new projects contributing significantly to revenue increases.
Looking forward, Enlight Renewable Energy is optimistic about its growth trajectory, projecting substantial increases in revenue and EBITDA for 2025, driven by continued expansion of its project portfolio. The company aims to triple its business by 2028, with a projected annual revenue rate exceeding $1 billion, as it continues to expand its operational capacity globally.
