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← CockpitCompetitor Analysis › ENLT Enlight Renewable Energy LtdOpen in the cockpit ↗

Enlight Renewable Energy LtdENLTCompetitor analysis, valuation and peers

United States · USD·Utilities›Alternative Power Generation

Israeli developer and operator of solar, wind and battery-storage renewable energy projects across Israel, the US and Europe.

Momentum weak 30
Mkt cap
$9.57B
US dollars, full cap
Free float
90%
of shares outstanding
$/day
$15.9M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-6.4 pp
WACC 9.3%
Hurdle
n/a
no reverse DCF
Close · USD$68.32
1D+5.7%
1W+3.0%
1M+1.8%
3M-15.6%
6M-24.5%
YTD+50.3%
1Y+92.3%
ATR %4.6%
Beta1.98
52w lowhigh37.1% off high

What Enlight Renewable Energy does

Israeli developer and operator of solar, wind and battery-storage renewable energy projects across Israel, the US and Europe.

Earns by selling electricity from projects it has built under long-term contracts with utilities and corporate buyers, so revenue rises as new projects switch on, while it funds growth by selling minority stakes in projects and by borrowing. Its 2022 purchase of US developer Clenera gave it a development pipeline in the US.

Products and services

  • Solar power plants
  • Wind power plants
  • Battery storage

Customers

  • Power grid operators/utilities
  • Corporate/PPA offtakers

Where it sits in the supply chain

  • Utilities/power
  • Renewable energy development
  • Solar, wind and storage project…

What could go right

  • Renewable energy demand growth (incl. data centers)
  • Pipeline conversion to operating assets

What could go wrong

  • Interest-rate sensitivity on project financing
  • Permitting/regulatory delays

Moat: narrow (scale, installed base, regulatory licence). Development pipeline and a permitted/operating project portfolio are hard to replicate quickly.

Headquarters: Kfar Saba, Israel · Founded: 2008 · Employees: 406

Named competitors

Enlight Renewable Energy at a glance

Size Enlight Renewable Energy (ENLT) is a United States Utilities company (Alternative Power Generation) with a market value of $9.57B, the 799th largest of 3,117 United States companies the cockpit tracks. Shares closed at $68.32 on 6 Nov 2026.

Performance Over six months the shares fell 24.5%, against -10.6% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 16 in its peer set.

Growth Revenue grew 29.2% over the last twelve months (peer median +6.4%); the operating margin is 50.9% (peer median 25.9%).

Valuation It trades at 24.7× enterprise value to sales against a peer median of 8.7× (3rd most expensive of 17).

Capital Return on invested capital runs 6.4 points below its cost of capital (9.3% WACC).

Short interest Short interest is 0.9% of the free float (15 Oct 2026).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 88ENLT 73
Six months, rebased to 100: Enlight Renewable Energy against the median of its 16 peers (local-currency closes).

Enlight Renewable Energy financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$633M$529M$384M$260M$183M
Revenue growth—+38%+48%+42%—
Gross profit$253M$221M$191M$139M$105M
EBITDA$509M$409M$272M$168M$114M
Net income$96.6M$143M$44.9M$72.0M$23.6M
Free cash flow-$2.50B-$1.73B-$717M-$675M-$524M
Capital expenditure$2.76B$1.96B$914M$742M$626M
Total debt$6.65B$5.15B$3.13B$2.69B$2.18B

Quarterly statements and history in the cockpit →

Enlight Renewable Energy competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%0%+10%ANENTPCGREENCWEN0916600905TLN000883600483ERG600930ADANIGREENBIP000591RNWSLRENLT6-month return →1-month return →
Up and to the right = strong over both horizons. Enlight Renewable Energy is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%0×2,500×5,000×7,500×ANENTPCGREENCWEN0916TLN000883ERG600930ADANIGREENFRVOENLTRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Enlight Renewable Energy is the large dot.

Enlight Renewable Energy competitors and peer comparison

Head to head with its named competitors (ENLT vs NEE vs BEPC vs ORA)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Enlight Renewable Energy ENLT$9.57B-25%+29%51%24.7×n/a
NextEra Energy NEE$182B-6%+13%30%10.4×18.8%
Brookfield Renewable BEPC$4.79B-13%+6%19%6.8×n/a
Ormat Technologies ORA$5.65B-24%+31%19%7.3×n/a
Clearway Energy CWEN$7.00B-11%+8%13%13.0×33.1%

How Enlight Renewable Energy compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Enlight Renewable Energy against its 16 peers (data as of 6 Nov 2026)
MeasureENLTPeer medianRank in peer set
1-month return+1.8%+1.1%8th highest of 17
6-month return-24.5%-10.6%3rd lowest of 16
Distance from 52-week high-37.1%-22.9%4th lowest of 17
Revenue growth (TTM)+29.2%+6.4%3rd highest of 17
Operating margin50.9%25.9%3rd highest of 17
EV / Sales24.7×8.7×3rd most expensive of 17
ROIC minus cost of capital-6.4 pp-1.5 pp4th lowest of 17
EV / EBITDA30.7×11.6×2nd most expensive of 10
Net debt / EBITDA11.3×6.2×2nd most indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Enlight Renewable Energy ENLTUnited States$9.57B-25%+29%51%24.7×n/an/a
Corporacion Acciona Energias Renovables ANE.MCSpain$8.06B-7%-14%18%4.4×n/an/a
NTPC Green Energy NTPCGREEN.NSIndia$7.37B-24%+49%50%29.5×n/an/a
Clearway Energy CWENUnited States$7.00B-11%+8%13%13.0×33.1%+2.4%
China Longyuan Power 0916.HKHong Kong$13.8B-17%-6%27%8.4×0.6%+0.2%
China Three Gorges Renewables (Group) 600905.SSChina$14.7B-16%-8%17%12.0×n/an/a
Talen Energy TLNUnited States$14.7B-12%+20%20%4.9×21.1%-10.0%
Hubei Energy 000883.SZChina$4.58B-11%-5%15%4.5×-0.4%+0.6%
Fujian Funeng 600483.SSChina$4.53B+9%-1%22%3.5×-4.9%+7.5%
ERG ERG.MIItaly$3.77B-3%+5%28%7.3×10.0%-2.8%
Huadian New Energy 600930.SSChina$24.5B-35%+32%27%12.9×n/an/a
Adani Green Energy ADANIGREEN.NSIndia$24.7B+4%+21%61%23.9×n/an/a
Brookfield Infrastructure Partners L.P BIPUnited States$25.6B+7%+16%25%4.7×n/an/a
Fervo Energy FRVOUnited States$2.66Bn/a-31%-35,367%7,819.8×n/an/a
CECEP Solar Energy 000591.SZChina$2.65B-9%-13%28%9.0×0.4%-1.5%
ReNew Energy Global RNWUnited States$2.53B+23%+11%42%6.5×n/an/a
Solaria Energia y Medio Ambiente SLR.MCSpain$2.40B-33%+26%92%11.4×n/an/a

Questions

Who are Enlight Renewable Energy's main competitors?
Named competitors: NextEra Energy (NEE), Brookfield Renewable (BEPC), Ormat Technologies (ORA), Clearway Energy (CWEN). The cockpit's measured peer set (industry) also includes Corporacion Acciona Energias Renovables (ANE.MC), NTPC Green Energy (NTPCGREEN.NS), Clearway Energy (CWEN), China Longyuan Power (0916.HK), China Three Gorges Renewables (Group) (600905.SS), Talen Energy (TLN).
Is Enlight Renewable Energy expensive compared with its peers?
On ev / sales it trades at 24.7× against a peer median of 8.7×, 3rd most expensive of 17 in its peer set.
How has Enlight Renewable Energy stock performed?
Over six months to 6 Nov 2026 the shares returned -24.5% against -10.6% for the median peer; over one year +92.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.