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Stock impact report

Enlight Renewable Energy Reports First Quarter 2024 Financial Results [Yahoo! Finance]

Enlight Renewable Energy Ltd. (ENLT) 
Company Research Source: Yahoo! Finance
TEL AVIV, Israel, May 08, 2024 (GLOBE NEWSWIRE) -- Enlight Renewable Energy Ltd. (NASDAQ: ENLT, TASE: ENLT) today reported financial results for the first quarter March 31, 2024. The Company's earnings webcast will be held today at 8:00 AM ET. A link to this webcast can be found at the end of this earnings release. The entire suite of the Company's Q2 financial results can be found on our IR website at https://enlightenergy.co.il/data/financial-reports/ Financial Highlights 3 months ending March 31, 2024 Revenue of $90m, up 27% year over year Adjusted EBITDA of $68m, up 28% year over year Net income of $24m, down 26% year over year Cash flow from operations of $35m, down 36% year over year Reaffirming full year 2024 guidance First Quarter Business Developments High generation volumes at our wind projects more than offset the impact from low merchant prices in Spain. Our U.S. projects are on schedule. Atrisco Solar and Storage are on track for COD in 2H24. Countr Show less Read more
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