Enlight reports record revenues, raises forecasts again

Enlight reports a strong third quarter with record revenues of $231 million, a 40% growth, and raises its annual revenue forecast for the second consecutive time to $810-830 million. Its electricity trading activity in Israel doubled.

Enlight Renewable Energy reported an exceptionally strong third quarter, with record revenues of $231 million, a 40% increase compared to the same quarter last year. Following these results, the company raised its annual revenue forecast for 2026 for the second consecutive time, to a range of $810-830 million. Electricity trading activity in Israel doubled to $56 million in the quarter. Net profit rose moderately to $34 million, but excluding one-time revenues, it surged by 72%. The company is expanding in the energy storage sector in Europe and advancing a large solar project in Virginia. Analysts praised the commercial management, but the article does not include critical voices.