Shares of Enlight Renewable Energy Ltd. (ENLT) surged 7.20% in pre-market trading on Wednesday following the company's impressive third-quarter results and upward revision of its 2025 guidance. The renewable energy firm reported earnings that surpassed analysts' expectations and showed significant year-over-year growth.
Enlight posted a Q3 earnings per share (EPS) of $0.16, handily beating the FactSet estimate of $0.09. This represents a 33.33% increase from the $0.12 per share reported in the same quarter last year. The company's revenue for the quarter came in at $165 million, up 46% year-over-year, driven by new project connections and expanded operations.
In light of its strong performance, Enlight raised its full-year 2025 guidance. The company now expects revenue in the range of $555-565 million, up from its previous forecast of $520-535 million. Additionally, the adjusted EBITDA guidance was increased to $405-415 million. Enlight's CEO, Adi Leviatan, attributed the impressive results to the company's strength, team dedication, and focused business strategy. The 23% expansion in Enlight's portfolio, which now includes 37.0 FGW (Factored GW) of generation and storage capacity, further underscores the company's growth potential in the renewable energy market.
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