Enlight Renewable Energy's Q3 Earnings Fall, Revenue Rises; 2024 Revenue Guidance Lifted

MT Newswires Live11-13

Enlight Renewable Energy (ENLT) reported Q3 diluted earnings Wednesday of $0.12 per share, down from $0.13 a year earlier.

Two analysts polled by Capital IQ expected $0.01.

Revenue for the quarter ended Sept. 30 was $109.5 million, up from $58.3 million a year earlier.

Three analysts surveyed by Capital IQ expected $82.4 million.

The company said it now expects 2024 revenue of $355 million to $370 million, compared with its previous forecast of $345 million to $360 million. Three analysts polled by Capital IQ expect $350.3 million.

Shares of the company were up nearly 3% in recent Wednesday premarket activity.

Price: 15.60, Change: +0.45, Percent Change: +2.97

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