The strong beat and raised guidance confirm accelerating execution. Monitor upcoming construction milestones for CO Bar and the 2.7 FGW expected to start construction in H2 2026. The Google PPA signals growing hyperscaler demand for renewable energy, supporting the long-term growth narrative.
Price Chart
Executive Summary
Enlight Renewable Energy reported strong Q2 2026 results with total revenues and income of $210 million (+55% YoY), net income of $31 million (vs $6 million), and Adjusted EBITDA of $160 million (+67% YoY). The company raised its full-year 2026 guidance, with revenue and income midpoint increasing to $805 million and Adjusted EBITDA to $575 million. Key operational milestones include the $2.6 billion financial close for the CO Bar complex, a PPA with Google, and portfolio expansion to 43.1 FGW (+4.6% QoQ). The strong beat on both revenue and EBITDA, combined with raised guidance and accelerating project pipeline, signals accelerating execution and growth momentum.
Key Facts
- Q2 2026 total revenues and income of $210 million, up 55% YoY from $135 million
- Q2 2026 net income of $31 million, up 460% from $6 million YoY
- Q2 2026 Adjusted EBITDA of $160 million, up 67% from $96 million YoY; excluding Sunlight transactions, Adjusted EBITDA was $142 million (+50% YoY)
- Q2 2026 operating cash flow of $84 million, up 37% from $62 million YoY
- Raised 2026 guidance: revenue & income midpoint to $805 million (from $770 million), Adjusted EBITDA to $575 million (from $555 million)
- Portfolio expanded to 43.1 FGW, up 4.6% from Q1 2026; mature portfolio at 12.3 FGW (+6% QoQ)
- Secured $2.6 billion financing for CO Bar complex, the largest in company history
- Signed a 200 MW solar PPA with Google in the SPP market
- Issued ~6 million shares for gross proceeds of ~$420 million; raised ~$350 million in Series G bonds
- Cash and cash equivalents at topco level of $877 million; total liquidity of ~$1.2 billion
Financial Impact
Q2 revenue beat of ~$210M vs prior guidance trajectory; raised FY2026 guidance by ~4.5% on revenue and ~3.6% on EBITDA; $2.6B CO Bar financing de-risks largest construction project
Risk Factors
- Geopolitical risk from operations in Israel and ongoing war
- Execution risk on massive construction pipeline ($5-5.4B total project cost for under-construction projects)
- Interest rate sensitivity on $1.5B corporate-level debt and project financing
- Currency exposure (NIS, EUR) with FX fluctuations impacting reported results
- Dependence on U.S. tax credits (IRA) which could change with legislation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001178913-26-003779 |
| Exhibit: exhibit_99-2.htm | 0001178913-26-003779 |
| Document: zk2635777.htm | 0001178913-26-003779 |
| Document: 0001178913-26-003779-index-headers.html | 0001178913-26-003779 |
| Document: 0001178913-26-003779-index.html | 0001178913-26-003779 |
| Document: 0001178913-26-003779.txt | 0001178913-26-003779 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | Press Release | $70.44 | awaiting T+20 | — | $69.36 (−1.53%) |
Oct 13, 2026 13d ago | 6-K | $70.44 | awaiting T+20 | — | $69.36 (−1.53%) |
Oct 5, 2026 21d ago | Insider Cluster | $65.94 | awaiting T+20 | — | $69.36 (+5.19%) |
Aug 24, 2026 9w ago | 6-K | $77.64 $75.35 | ▼ −2.94% | ▼ −2.96% | $69.36 (−10.66%) |
Aug 4, 2026 11w ago | 6-K | $90.54 $74.93 | ▼ −17.24% | ▼ −16.00% | $69.36 (−23.39%) |
Aug 4, 2026 11w ago | Press Release | $90.54 $74.93 | ▼ −17.24% | ▼ −16.00% | $69.36 (−23.39%) |
Jul 8, 2026 15w ago | Press Release | $83.55 $82.39 | ▼ −1.39% | ▼ −4.66% | $69.36 (−16.98%) |
Jul 8, 2026 15w ago | 6-K | $83.55 $82.39 | ▼ −1.39% | ▼ −4.66% | $69.36 (−16.98%) |
Jun 25, 2026 17w ago | 6-K | $88.41 $90.20 | ▲ +2.02% | ▲ +1.50% | $69.36 (−21.55%) |
Jun 2, 2026 20w ago | Insider Cluster | $104.56 $87.09 | ▼ −16.71% | ▼ −15.14% | $69.36 (−33.66%) |
US Market Status
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