olivLaw · US equity research
Enlight Renewable Energy Ltd. ENLT
Electric Services · SIC 4911 · Vertical: Electric Services (SIC 4911)
Enlight Renewable Energy develops, finances, builds and operates utility-scale wind, solar and energy storage projects, selling electricity mainly under long-term PPAs. The company has grown quickly, with revenues of 582 million USD in 2025, and its portfolio of mature and development projects is large, especially in the United States, where electricity demand is rising.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Enlight Renewable Energy Ltd. (ENLT) stock was 67.65 USD (+4.48% on the day), with market capitalisation 8.9 bn USD, P/E 67.7 on diluted EPS of 1.00 USD over the last 12 months, beta 1.08, 52-week range 34.10–107.42 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 46.8
- neutral
- Bollinger (20, 2)
- 64.93 – 72.48
- in the lower half of the band · %B 0.36 · band width 11.0%
- SMA 50 / 200
- 71.24 / 78.15
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -1.17 / -1.07
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +2.6% | −1.1% | +3.7 pp | — |
| 3 months | −17.9% | −0.5% | −17.4 pp | — |
| 6 months | −27.7% | +4.4% | −32.1 pp | — |
| Year to date | +48.8% | +12.3% | +36.5 pp | — |
| 1 year | +91.5% | +13.5% | +78.0 pp | −2.2% |
| 3 years | +359.9% | +76.4% | +283.5 pp | +38.8% |
| 5 years | unavailable | +63.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 3-quarter history (min 33.6, median 45.5, max 47.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | 70.3 m | 102.5 m | 192.2 m | 255.7 m | 377.9 m | 488.6 m |
| Revenue YoY | unavailable | +45.7% | +87.6% | +33.1% | +47.8% | +29.3% |
| Net income | -43.9 m | 11.2 m | 24.7 m | 70.9 m | 44.2 m | 132.1 m |
| Net income YoY | unavailable | unavailable | +120.6% | +186.6% | −37.7% | +198.8% |
| Diluted EPS | -0.56 | 0.12 | 0.25 | 0.57 | 0.36 | 1.00 |
| Diluted EPS YoY | unavailable | unavailable | +108.3% | +128.0% | −36.8% | +177.8% |
| net % | -62.4% | 10.9% | 12.9% | 27.7% | 11.7% | 27.0% |
| Free cash flow | -303.1 m | -440.7 m | -565.8 m | -539.4 m | -644.0 m | -1.5 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 528.5 m USD
- Financial debt
- 884.1 m USD
- Net debt
- 355.6 m USD
- Equity
- 2.0 bn USD
- Total assets
- 8.6 bn USD
- Debt / equity
- 0.44x
- Current ratio
- 0.67x
- ROE
- 7.7%
- ROA
- 1.9%
- FCF margin
- -313.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 70.3 m | 102.5 m | 192.2 m | 255.7 m | 377.9 m | 488.6 m | SEC (XBRL)· 30 Mar 2026verified |
| Cost of revenue | 14.7 m | 21.8 m | 40.4 m | 52.8 m | 80.7 m | 134.4 m | SEC (XBRL)· 30 Mar 2026verified |
| Gross profit | 40.4 m | 61.2 m | 111.2 m | 139.1 m | 297.2 m ≈ | 354.2 m ≈ | SEC (XBRL)· 30 Mar 2026derived |
| Research & development | 3.0 m | 4.7 m | 5.6 m | 6.3 m | 11.6 m | 12.2 m | SEC (XBRL)· 30 Mar 2026verified |
| Operating income | 28.4 m | 34.4 m | 90.6 m | 158.1 m | 175.5 m | 332.2 m | SEC (XBRL)· 30 Mar 2026verified |
| Depreciation & amortisation | 15.2 m | 19.4 m | 42.3 m | 65.8 m | 108.9 m | 149.9 m | SEC (XBRL)· 30 Mar 2026verified |
| EBITDA | 43.6 m ≈ | 53.8 m ≈ | 132.9 m ≈ | 223.9 m ≈ | 284.4 m ≈ | 482.1 m ≈ | SEC (XBRL)· 30 Mar 2026derived |
| Interest expense | 31.4 m | 37.2 m | 62.6 m | 68.1 m | 107.8 m | 164.7 m | SEC (XBRL)· 30 Mar 2026verified |
| Pre-tax income | -53.4 m | 27.4 m | 51.1 m | 126.5 m | 84.8 m | 204.6 m | SEC (XBRL)· 30 Mar 2026verified |
| Income tax | -12.4 m | 5.7 m | 12.9 m | 28.4 m | 18.3 m | 43.9 m | SEC (XBRL)· 30 Mar 2026verified |
| Net income | -43.9 m | 11.2 m | 24.7 m | 70.9 m | 44.2 m | 132.1 m | SEC (XBRL)· 30 Mar 2026verified |
| Diluted EPS | -0.56 | 0.12 | 0.25 | 0.57 | 0.36 | 1.00 | SEC (XBRL)· 30 Mar 2026verified |
| Weighted average diluted shares | 78.3 m | 98.1 m | 100.0 m | 123.9 m | 123.3 m | 132.6 m | SEC (XBRL)· 30 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 99.3 m | 265.9 m | 193.9 m | 403.8 m | 387.4 m | 528.5 m | SEC (XBRL)· 30 Mar 2026verified |
| Current assets | — | 413.3 m | 423.7 m | 664.6 m | 707.9 m | 1.1 bn | SEC (XBRL)· 30 Mar 2026verified |
| Property, plant & equipment, net | — | 1.5 bn | 2.2 bn | 2.9 bn | 3.7 bn | 6.3 bn | SEC (XBRL)· 30 Mar 2026verified |
| Goodwill | — | 148.1 m | 148.1 m | — | — | — | SEC (XBRL)· 30 Mar 2023verified |
| Intangibles (excl. goodwill) | — | 247.1 m | 279.7 m | 288.0 m | 291.4 m | 304.0 m | SEC (XBRL)· 30 Mar 2026verified |
| Total assets | — | 2.8 bn | 3.5 bn | 4.6 bn | 5.5 bn | 8.6 bn | SEC (XBRL)· 30 Mar 2026verified |
| Short-term debt | — | 61.8 m | 165.6 m | 324.7 m | 212.2 m | 884.1 m | SEC (XBRL)· 30 Mar 2026verified |
| Current liabilities | — | 201.1 m | 385.3 m | 583.3 m | 592.0 m | 1.6 bn | SEC (XBRL)· 30 Mar 2026verified |
| Total liabilities | — | 2.1 bn | 2.5 bn | 3.2 bn | 4.1 bn | 6.6 bn | SEC (XBRL)· 30 Mar 2026verified |
| Equity | 512.4 m | 757.4 m | 1.1 bn | 1.4 bn | 1.4 bn | 2.0 bn | SEC (XBRL)· 30 Mar 2026verified |
| Shares outstanding at year end | — | — | 101.6 m | 118.0 m | 118.6 m | 132.1 m | SEC (XBRL)· 30 Mar 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 38.8 m | 52.0 m | 90.4 m | 191.6 m | 255.3 m | 282.6 m | SEC (XBRL)· 30 Mar 2026verified |
| Capex | 341.9 m | 492.8 m | 656.1 m | 731.0 m | 899.3 m | 1.8 bn | SEC (XBRL)· 30 Mar 2026verified |
| Free cash flow | -303.1 m ≈ | -440.7 m ≈ | -565.8 m ≈ | -539.4 m ≈ | -644.0 m ≈ | -1.5 bn ≈ | SEC (XBRL)· 30 Mar 2026derived |
| Investing cash flow | -492.5 m | -644.6 m | -820.0 m | -785.6 m | -928.7 m | -2.2 bn | SEC (XBRL)· 30 Mar 2026verified |
| Financing cash flow | 343.5 m | 752.3 m | 684.7 m | 800.8 m | 671.1 m | 2.0 bn | SEC (XBRL)· 30 Mar 2026verified |
| Share repurchases | 0 | 0 | 1.8 m | 0 | 0 | — | SEC (XBRL)· 28 Mar 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
3 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 51 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 8.9 bn USD
Key indicators
Coverage and freshness
Score by group
- Quality95
- Growth100
- Valuation6
- Balance sheet43
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 20.05 – 45.44 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
- Peers: EV/EBITDA31.70 – 45.44 (Mid 39.79)20 companies used · median multiple 11.6x · quartiles 9.4x – 13.2xAEP, AQN, BKH, CEG, CNP, D, EIX, ES, ETR, HNRG, IDA, NEE, NRG, OGE, PNW, POR, SO, SPRU, TVC, VST
- Peers: P/E20.05 – 23.93 (Mid 22.15)18 companies used · median multiple 22.2x · quartiles 20.1x – 23.9xAEP, AQN, BKH, CEG, CNP, D, ES, ETR, FE, IDA, NEE, NRG, OGE, PNW, POR, PPL, SO, VST
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 51/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 14.4% | 94 (vs peers) | 8% |
| Net margin · Quality | 27.0% | 97 (vs peers) | 8% |
| Revenue CAGR 3Y · Growth | 36.5% | 100 (on a fixed band) | 8% |
| EPS CAGR 3Y · Growth | 58.7% | 100 (on a fixed band) | 11% |
| Net debt / EBITDA · Balance sheet | 0.7x | 81 (vs peers) | 16% |
| Interest coverage · Balance sheet | 2.0x | 15 (on a fixed band) | 14% |
| Current ratio · Balance sheet | 0.7x | 0 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 67.7x | 4 (vs peers) | 16% |
| EV/EBITDA · Valuation | 19.3x | 9 (vs peers) | 14% |
| Dividend yield · Returns | unavailable | unavailable | — |
| Payout ratio (EPS) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet43/100 · 3/3 factors with a value
- Growth100/100 · 2/2 factors with a value
- Quality95/100 · 2/2 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation6/100 · 2/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Enlight Renewable Energy Ltd. (ENLT). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 488.6 m USD in 2025; YoY growth 29.3%; net margin 27.0%; ROE 9.2%; net debt/EBITDA 0.7x.
The estimated value range is 25.88–34.69 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 30.97 USD, the price of 67.65 USD leaves a potential of -54.2% (value / price − 1) and a margin of safety of -118.4% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 51/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 14.4%
- Net margin: 27.0%
- Revenue CAGR 3Y: 36.5%
- EPS CAGR 3Y: 58.7%
- Net debt / EBITDA: 0.7x
What contradicts it
- Interest coverage: 2.0x
- Current ratio: 0.7x
- P/E (TTM): 67.7x
- EV/EBITDA: 19.3x
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Dividend yield, Payout ratio (EPS).
Versus the vertical median
Electric Services (SIC 4911) · same industry (4-digit SIC) · compared with 38 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| NEENextera Energy Inc | 184.4 bn | 22.5 | 15.6% | 31.5% | +9.8% | +3% / +51% |
| SOSouthern Co | 105.0 bn | 23.9 | 11.3% | 14.5% | +10.6% | +2% / +31% |
| CEGConstellation Energy Corporation | 87.1 bn | 24.0 | 15.3% | 11.1% | +8.3% | −33% / +103% |
| AEPAmerican Electric Power Company, Inc. | 70.3 bn | 19.0 | 12.8% | 16.9% | +10.9% | +4% / +62% |
| DDominion Energy, Inc | 61.3 bn | 20.6 | 10.5% | 16.9% | +14.2% | +11% / +54% |
| ETREntergy Corp | 51.2 bn | 28.4 | 11.1% | 13.6% | +9.0% | +15% / +121% |
| VSTVistra Operations Company LLC | 40.4 bn | 19.9 | 43.1% | 11.6% | +3.0% | −33% / +240% |
| FEFirstenergy Corp | 27.3 bn | 25.7 | 8.4% | 6.9% | +12.0% | −1% / +28% |
| PPLPPL Corp | 26.9 bn | 21.8 | 8.3% | 13.1% | +6.9% | −3% / +37% |
| CNPCenterpoint Energy Inc | 26.8 bn | 25.2 | 9.6% | 11.4% | +8.3% | +3% / +45% |
| ESEversource Energy | 26.5 bn | 18.2 | 9.1% | 10.4% | +13.8% | +5% / +19% |
| EIXEdison International | 23.7 bn | 6.5 | 20.8% | 19.6% | +9.8% | +4% / −8% |
| NRGNRG Energy, Inc | 17.5 bn | 21.6 | 23.8% | 2.6% | +9.2% | −51% / +74% |
| TLNTalen Energy Corporation | 14.2 bn | — | -16.7% | -6.4% | +22.0% | −17% / +470% |
| PNWPinnacle West Capital Corporation | 12.8 bn | 19.8 | 9.1% | 11.7% | +4.2% | +16% / +41% |
| OGEOge Energy Corp. | 10.4 bn | 22.5 | 9.6% | 14.0% | +9.2% | +11% / +44% |
| ENLTEnlight Renewable Energy Ltd. | 8.9 bn | 67.7 | 9.2% | 27.0% | +29.3% | +92% / +360% |
| IDAIDACORP, Inc. | 8.7 bn | 23.2 | 9.9% | 20.5% | −1.2% | +12% / +53% |
| BEPBrookfield Renewable Partners L.P. | 8.5 bn | — | -1.9% | -1.1% | +9.0% | +8% / +25% |
| BKHBlack Hills Corporation | 6.4 bn | 21.3 | 7.9% | 13.0% | +8.6% | +14% / +63% |
| PORPortland General Electric Company | 5.5 bn | 19.7 | 6.6% | 7.7% | +4.0% | −9% / +12% |
| BEPCBrookfield Renewable Corporation | 5.4 bn | — | -501.4% | -62.9% | −10.0% | −24% / +19% |
| OKLOOklo Inc. | 4.1 bn | — | -7.7% | — | unavailable | −76% / +114% |
| AQNAlgonquin Power & Utilities Corp. | 3.4 bn | 25.6 | 3.9% | 7.4% | +4.9% | −8% / −8% |
| KENKenon Holdings Ltd. | 3.3 bn | 49.6 | 4.1% | 7.6% | +16.1% | +6% / +190% |
1- and 3-year price returns: for ENLT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 44.20 Total return -35% · Per year -35% | 77.78 Total return 15% · Per year 15% | 116.67 Total return 72% · Per year 72% |
| 3 years | 52.42 Total return -23% · Per year -8% | 102.86 Total return 52% · Per year 15% | 168.00 Total return 148% · Per year 35% |
| 5 years | 62.18 Total return -8% · Per year -2% | 136.04 Total return 101% · Per year 15% | 241.93 Total return 258% · Per year 29% |
- Exit P/E± 25.72
- Net margin± 18.00
- Annual revenue growth± 13.43
- Annual dilution± 1.51
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 30 Mar 2026; since then the company filed 6-K (03 Nov 2026), 6-K (28 Oct 2026), 6-K (13 Oct 2026), 6-K (24 Aug 2026), 6-K (04 Aug 2026), 6-K (08 Jul 2026).
In brief
Enlight Renewable Energy develops, finances, builds and operates utility-scale wind, solar and energy storage projects, selling electricity mainly under long-term PPAs. The company has grown quickly, with revenues of 582 million USD in 2025, and its portfolio of mature and development projects is large, especially in the United States, where electricity demand is rising.
SWOT
Strengths
- Full integration of the project life cycle from development to operation, and a solid position in long-term contracts.
- Geographically and technologically diversified portfolio of wind, solar and storage projects across several countries.
- Access to bank and capital market financing at competitive cost, supported by a track record of large transactions.
Weaknesses
- Dependence on interconnection timelines and environmental permits can delay the commissioning of projects.
- Equipment problems, such as the blade failures at a Swedish wind farm, pushed availability well below contractual levels.
- Part of the revenue from merchant sales is exposed to spot price volatility.
Opportunities
- Rising electricity demand in the US and from data centers could support new long-term contracts.
- Development of battery storage projects could open new revenue sources in Europe and the US.
- Falling battery costs could improve margins on future storage projects.
Threats
- Lower European power prices could reduce revenues from spot market sales.
- Trade tariffs and import restrictions could raise equipment costs for US projects.
- Regulatory changes and slower permitting could affect project timelines.
Risks
- Interconnection delayshigh
The CO Bar project was delayed by Arizona's interconnection queue reform, which could postpone expected revenues.
- Equipment problemsmedium
Blade defects at Björnberget reduced the wind farm's availability, and recovering losses depends on the supplier.
- Power price volatilitymedium
European prices can fluctuate, which could affect revenues from merchant projects.
- Cost and availability of capitalmedium
Rising or volatile interest rates could make financing new projects more expensive.
- Trade policy and supply chainsmedium
Tariffs and import restrictions can raise equipment costs and delay deliveries for US projects.
Investment thesis
What would need to be true (bull case)
- If electricity demand keeps growing, the large portfolio of projects under construction and in development could turn growth into revenue and profit quickly.
- The high share of long-term PPA contracts gives a predictable revenue base, and contracted cash flow could support financing of new projects.
- Expansion in the US and in battery storage could bring projects with higher returns than those in Europe.
What would break the thesis
- Interconnection and permitting delays could postpone commissioning of projects and the revenues tied to them.
- If European power prices stay low, merchant revenues could be lower than the company expects.
- The growing capital needs and possible dilution through share or convertible issuances could weigh on shareholder returns.
What to watch
- Progress at the CO Bar complex and final interconnection agreements2026
- Commercial operation date of the Crimson Orchard project1H 2027
- Availability of the Björnberget wind farm after turbine repairs2026
- Evolution of US PPA prices and European power pricesnext 20-F
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 30 Mar 2026; since then the company filed 6-K (03 Nov 2026), 6-K (28 Oct 2026), 6-K (13 Oct 2026), 6-K (24 Aug 2026), 6-K (04 Aug 2026), 6-K (08 Jul 2026).
The business
Enlight Renewable Energy Ltd. is a global renewable energy platform founded in 2008 in Israel, traded on the TASE since 2010 and on Nasdaq since February 2023 under the symbol ENLT 1. The company controls the entire project life cycle, from greenfield development to ownership and operation. Its total portfolio includes approximately 20.6 GW of generation capacity and 61.0 GWh of storage, of which 6.4 GW and 17.5 GWh are mature projects 1. The company operates in 14 countries on four continents 1.
Revenues and profit rose sharply in 2025. Total revenues and income were 582 million USD, up 46% year over year, and net profit was 161 million USD, up 142% 1. In February 2026 the company reached key milestones at the CO Bar complex in Arizona, including a 1 GW interconnection agreement and two 20-year busbar ESAs with Salt River Project 1.
Financing is central to the model: the company raises non-recourse project finance from local banks, issues bonds in Israel and makes private share placements. The Crimson Orchard project in Idaho has a 304 million USD debt commitment at an all-in rate of 5.8% 1.
Segments
Contracted power sales
About 85% of the capacity of operational projects is contracted, with an average remaining PPA term of 13.5 years 1. PPA revenues represented 80% of all electricity sales revenues in 2025 1.
Market context
European power prices have fallen from the August 2022 peak, reaching an average of EUR 85 per MWh in 2025 for Italy, Spain, Hungary and the Nordic markets, though the company considers these prices still favorable 1. In the US, national PPA prices for solar rose to about 68 USD per MWh by the end of 2025 1. Rising electricity demand, including from data centers, supports growth in the renewables market 1.
Equipment costs are volatile: solar panel prices rose in 2025 while storage battery prices kept falling 1. US trade tariffs have increased landed costs of imported equipment, which could affect margins on new projects if sourcing does not diversify 1.
Trends
- Rising electricity demandtailwind
Demand for energy is growing as the economy electrifies and data centers running AI tools need more power, with renewables seen as a quick source of supply 1.
- Lower European power pricesheadwind
European power prices have fallen substantially since 2022, which could reduce revenues from merchant projects, although the company still views them as favorable 1.
- Rising US PPA pricestailwind
US PPA prices are rising, which could support future revenues from new projects in that market 1.
- Interconnection and permitting delaysmixed
Interconnection and permit processes have lengthened, and some projects such as CO Bar were delayed by 6 to 24 months, which could affect commissioning schedules 1.
Competitive position
The company competes with strategic developers and financial investors in renewable projects, especially in Europe and the US, where access to interconnection and land is scarce 1. The supplied sources do not explicitly name US-listed competitors.
The company's edge lies in sourcing projects at attractive cost and in its access to large suppliers of turbines, panels and batteries such as Nordex, Vestas, LONGi, Jinko, CATL and Tesla 1. These supply relationships can be an advantage over smaller developers.
- Strategic energy developers
Industrial companies that develop their own renewable projects, named as rivals in the source.
- Financial infrastructure investors
Investment funds that buy projects in advanced development, competing for the same opportunities.
- Local partner developers
Local developers the company works with in markets without in-house teams, which can also act as competitors.
- Turbine and panel manufacturers
Suppliers such as Nordex, Vestas, Siemens Gamesa and LONGi, which are partners but also shape costs and timing.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Producătorul israelian de energie Enlight intră în România, cu stocare, și vede creștere rapidăEconomedia · 21 Aug 2026 · RO
The latest news item in our archive is from 21 Aug 2026; the newest SEC filing is from 03 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report (foreign issuer)03 Nov 2026
- Current report (foreign issuer)28 Oct 2026
- Current report (foreign issuer)13 Oct 2026
- Current report (foreign issuer)24 Aug 2026
- Current report (foreign issuer)04 Aug 2026
- Current report (foreign issuer)08 Jul 2026
- Current report (foreign issuer)25 Jun 2026
- Current report (foreign issuer)19 May 2026
- Current report (foreign issuer)13 May 2026
- Current report (foreign issuer)12 May 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Enlight Renewable Energy Ltd. · 30 Mar 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.