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Enlight Renewable Energy Expects FY24 Revenue Of $345M-$360M (Prior $335M-$360M) Vs $353.59M Est

Benzinga ·  Aug 7 18:44

2024 Financial Outlook

Commenting on the outlook, Enlight Chief Financial Officer Nir Yehuda noted, "our financial performance has been very strong over the second quarter and first half of 2024. As a result, we are raising our guidance ranges of our Financial Outlook for the full year."

  • Revenue between $345m and $360m (from $335m to $360m previously)
  • Adjusted EBITDA4 between $245m and $260m (from $235m to $255m previously)
  • 90% of 2024's expected generation output will be sold at fixed prices either through hedges or PPAs.
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