Enlight Renewable Energy Posts Strong Q1 and Reaffirms 2026 Outlook as U.S. Becomes Top Market

Management signals a pivot to U.S. growth with projects advancing past key grid studies that lower execution risk.

Overview

Enlight reported revenue of $200 million, up 54% year over year, with adjusted EBITDA rising 58% to $154 million.
The company reaffirmed its 2026 targets and said its cash and credit lines can fund growth beyond 2028.
The U.S. generated 37% of first‑quarter revenue, making it the company’s largest region.
Management said about 20 gigawatts of U.S. projects have completed system impact studies, which confirm a path to connect to the grid and cut the risk of delays.
Construction has started at the Cobar 3 complex, and management will outline plans for storage, regional growth, and agrivoltaics at a May 19 investor conference.