Enlight Renewable Energy Ltd.
ENLT · Electric Services · EDGAR filings ↗
Grade
B72High-margin, fast-growing renewable developer burning cash on capex with thin near-term runway.
Strengths
- Top-of-sector operating margin (100th), net margin 32.9% (97.4th) and gross margin (91.7th)
- Strong revenue growth 29% (94.7th) and net income growth (95.7th)
Risks
- Heavy capex — FCF margin -3.13 (6.9th) and only ~1.4 quarters of cash runway (28th)
- Modest ROE 8.1% (44.2nd) and weak current ratio 0.67 (34.6th)
Notable findings
- Cash burnNegative free cash flow (-1529.9M)
- Weak liquidityCurrent ratio 0.67 (<1)
Key metrics
Gross margin
72.5%
Operating margin
68.0%
Net margin
32.9%
Return on equity
8.1%
Return on assets
1.9%
Revenue growth (QoQ)
29.3%
Net-income growth
141.6%
Interest coverage
2.0×
Current ratio
0.7×
Free cash flow
-$1.5B
Tangible book value
$2.0B
Cash & investments
$528M
Cash runway
1q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-30 | 2025-12-31 | 0001178913-26-001828 ↗ |
| 20-F | 2025-03-28 | 2024-12-31 | 0001178913-25-001094 ↗ |
| 20-F | 2024-03-28 | 2023-12-31 | 0001178913-24-001125 ↗ |
| 20-F | 2023-03-30 | 2022-12-31 | 0001178913-23-001223 ↗ |