ENLT
Enlight Renewable Energy Ltd
ENLT's fundamentals are weak and it looks expensive: trading at 110x earnings, more than twice its usual 45x.
ENLT Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| Weak | |
| Weak |
ENLT's profitability is currently healthy, but its revenue, cash flow and balance sheet are under pressure.
ENLT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 28x | $17.23 | -74% |
| Fair | 44x | $26.94 | -60% |
| Expensive | 81x | $49.61 | -26% |
| Current | 110x | $67.27 | — |
Historical ranges are pointers, not guarantees.
ENLT's PE is in its expensive range at 110x.
ENLT Forward outlook
There aren't enough analyst estimates for ENLT to show an outlook.
ENLT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.61 | -34% |
| Q1 2026 | $0.43 | -56% |
| Q4 2025 | $1.02 | +176% |
| Q3 2025 | $0.96 | +140% |
ENLT earned $0.61 per share over the past year, down 34% from the year before.
ENLT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $165M | -58% |
| Q1 2026 | $156.5M | +43% |
| Q4 2025 | $216.8M | +90% |
| Q3 2025 | $138.5M | +27% |
| Q2 2025 | $388.7M | +359% |
| Q1 2025 | $109.8M | +21% |
| Q4 2024 | $114.2M | +55% |
| Q3 2024 | $109.5M | -51% |
ENLT's revenue has slid since its 2025 peak: $165M last quarter, down 58% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 55% | +8.7 points |
| Q1 2026 | 55% | -83 points |
| Q4 2025 | 24% | -12 points |
| Q3 2025 | 49% | -11 points |
| Q2 2025 | 46% | +4.9 points |
| Q1 2025 | 138% | +90 points |
| Q4 2024 | 36% | -22 points |
| Q3 2024 | 60% | -13 points |
ENLT's operating margin was 55% last quarter, up 8.7 points from the same quarter a year ago.
ENLT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$654.2M | -$299.5M |
| Q1 2026 | $100.3M | +130% |
| Q4 2025 | -$613.7M | -$425.6M |
| Q3 2025 | -$434.3M | -$283.6M |
| Q2 2025 | -$354.6M | -$148.4M |
| Q1 2025 | $43.6M | +24% |
| Q4 2024 | -$188.2M | +$46.9M |
| Q3 2024 | -$150.7M | +$53.6M |
ENLT has burned cash in most quarters: −$1.6B over the past year, against −$650M the year before.
ENLT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +16.7M shares |
| 1 year | +16% | +21.3M shares |
| 3 years | +28% | +32.6M shares |
ENLT has 150M diluted shares, up 16% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
ENLT hasn't bought back shares in the past year.
ENLT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 11.0x | High |
| Q1 2026 | 7.7x | High |
| Q4 2025 | 2.4x | Moderate |
| Q3 2025 | 6.3x | High |
| Q2 2025 | 6.2x | High |
| Q1 2025 | 7.2x | High |
| Q4 2024 | 9.3x | High |
| Q3 2024 | 10.3x | High |
ENLT's net debt is about 11 years of its operating earnings (EBITDA), up from 6.2 years a year ago.
ENLT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.9 | Neutral |
| Stochastic | 15.0 | Oversold |
ENLT's weekly RSI is 42 (neutral) and its Stochastic is 15 (oversold).
ENLT PE vs Utilities Sector
| Metric | ENLT | Sector median | Relative |
|---|---|---|---|
| PE | 110x | 20x | 440% above |
| PE % | 85 | 67 | 18 pts above |
ENLT is trading at 110x earnings, a 440% premium to the Utilities sector's median of 20x.
ENLT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $67.9 | 1% below |
| 20 week MA | $76.4 | 12% below |
| 50 week MA | $72.9 | 7.7% below |
| 100 week MA | $47.9 | 40% above |
ENLT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 40% above its 100-week average.
ENLT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $26.0 | $19.1 | -26% |
| 2024 | $19.1 | $17.2 | -10% |
| 2025 | $17.2 | $43.9 | +155% |
| 2026 YTD | $43.9 | $67.3 | +53% |
ENLT is up 53% so far in 2026, after finishing lower in two of the previous three years.