Enlight Renewable Energy's second quarter revenue jumped 55% to $210M and EPS of $0.21 easily beat estimates.

Enlight Renewable Energy reported second quarter revenue and income of $210 million, a 55% increase year-over-year, alongside a net income of $31 million, up from $6 million in the prior-year period. The company's Adjusted EBITDA also grew 67% to $160 million.

Key Highlights

• Total revenues and income grew 55% year-over-year to $210 million, driven by new U.S. projects commencing operations.
• Net income surged 460% to $31 million compared to $6 million in the same period last year.
• The company's mature portfolio, which includes operating and under-construction projects, expanded to 12.3 Factored Gigawatts (FGW), a 6% increase from the previous quarter.
• Enlight expects its operating capacity to reach approximately 12 FGW by the end of 2028, with an annual revenue and income run rate of $2.2 to $2.3 billion.