Enlight Renewable Energy (NASDAQ:ENLT) delivered a record-shattering fourth-quarter performance on Tuesday, as the global energy developer capitalized on a surge in U.S. solar and storage demand to handily exceed its full-year guidance.
The Tel Aviv-based independent power producer (IPP) reported fourth-quarter revenue and income of $152 million, a 46% jump over the same period last year.
The profitability was even more pronounced: fourth-quarter net income skyrocketed 153% to $21 million, while Adjusted EBITDA climbed 51% to $99 million.
The results were bolstered by the commercial operation of the Quail Ranch and Roadrunner projects in the U.S., which effectively doubled Enlight’s operational capacity in the American market during the final months of the year.
For the full year 2025, Enlight’s revenue grew 46% to $582 million, with net income rising a massive 142% to $161 million.
Management highlighted that the company’s "mature portfolio"—projects currently operational, under construction, or in pre-construction—now totals 11.4 Factored Gigawatts (FGW).
This represents a 33% increase from the prior year and provides a clear line of sight toward an annual revenue run rate of over $2 billion by 2028.