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Enlight Renewable Energy Reiterated FY24 Revenue of $335M-$360M Vs $347.31M Est

Benzinga ·  May 8 18:48

2024 Financial Outlook

Commenting on the outlook, Enlight Chief Financial Officer Nir Yehuda noted, "The Company exhibited robust financial performance during the first quarter. We are therefore pleased to reaffirm our Revenue and Adjusted EBITDA guidance for 2024." Details of the 2024 outlook include:

  • Revenue between $335m and $360m
  • Adjusted EBITDA1 between $235m and $255m
  • 90% of 2024's expected generation output will be sold at fixed prices either through hedges or PPAs.
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