ENLT
Enlight Renewable Energy Ltd. Ordinary Shares
NASDAQ: ENLT · UTILITIES · UTILITIES - RENEWABLE
$93.77
-4.25% today
Updated 2026-06-05
Market cap
$13.66B
P/E ratio
238.41
P/S ratio
25.51x
EPS (TTM)
$0.41
Dividend yield
—
52W range
$18 – $109
Volume
0.2M
Enlight Renewable Energy Ltd. Ordinary Shares (ENLT) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed ENLT price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$93.77
Today
Analyst consensus
$60.17
-35.83% · 12M
2030 Base
$51.06
-45.55% future
NPV today
$33.89
@ 9% WACC
7 analysts:
3 Buy2 Hold3 Sell
Management guidance
CEO guidance (May 2026 investor update): Enlight targets annual recurring revenues (ARR) and income run rate exceeding $2.1 billion by end of 2028, supported by $8.4 billion capex and plan to triple portfolio by 2028. FY2026 total revenue guidance: $755M–$785M (midpoint $770M, implying ~58% growth from $488.6M FY2025). Q1 2026 showed 42.6% YoY revenue growth, demonstrating execution on accelerating trajectory driven by AI/data center demand.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
ENLT · Enlight Renewable Energy Ltd. Ordinary Shares · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$-38.29
NPV today: $-38.29
Base case (2030)
$51.06
NPV today: $33.89
Bull case (2030)
$229.77
NPV today: $152.49
WallStSmart.com
ENLT financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $1.8B | $0.8B | $1.0B | $1.4B | $1.9B | $2.5B |
| Revenue growth | 27.4% | 57.5% | 51.7% | 44.2% | 29.7% | 21.1% |
| Net margin | — | 52.9% | 62.8% | 63.8% | 59.6% | 53.4% |
| EPS | $1.02 | $2.85 | $4.50 | $6.40 | $8.10 | $9.55 |
| Diluted shares | — | 139M | 139M | 140M | 140M | 140M |
| Net debt | — | $14.46B | $14.96B | $15.66B | $16.61B | $17.86B |
| P/S multiple | — | 10.0x | 10.0x | 10.0x | 10.0x | 10.0x |
| Implied price (base) | — | $-49.93 | $-35.54 | $-11.87 | $17.12 | $51.06 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $2.5B | $2.5B | $2.5B |
| P/S multiple | 5.0x | 10.0x | 20.0x |
| Diluted shares | 140M | 140M | 140M |
| Net debt | $17.86B | $17.86B | $17.86B |
| Implied P/E † | -4x | 5x | 24x |
| 2030 Price | $-38.29 | $51.06 | $229.77 |
| NPV @ 9% | $-38.29 | $33.89 | $152.49 |
† Implied P/E: Multiples remain elevated across all three scenarios because ENLT is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $51.06 base case
ENLT catalysts and risks
Growth catalysts
+ Data center co-location projects: 160 MWIT in Israel + up to 1,000 MWIT across four U.S. projects driving multi-GW capacity additions through 2028
+ AI/hyperscaler power demand acceleration: Microsoft, Meta, Google capex cycles supporting 10–20% IRR projects; recurring revenue visibility through PPAs and corporate contracts
+ $8.4B capex program execution: project financing secured (Crimson Orchard $304M, Snowflake A $1.44B, Quail Ranch $150M, Roadrunner $340M) de-risks 2026–2028 deployment
+ Strategic capital raises: NIS 1.015B (~$349M) Series G notes with A2.il/positive outlook rating and ilA rating from S&P Maalot validate investment-grade expansion funding
Key risks
- Execution risk on $8.4B capex and 12x capacity expansion by 2028; permitting, supply chain, and commissioning delays could compress growth timeline
- High leverage (Debt/Equity 2.57x, LT Debt/Eq 1.97x) and increasing capex requirements limit financial flexibility; refinancing risk if rates remain elevated
- Analyst consensus significantly below management guidance ($60 PT vs. implied $80–95 base case); valuation compression risk if execution stumbles or market sentiment shifts
- Regulatory/policy risk: U.S. IRA credits, Israeli renewable subsidies, and EU storage incentives subject to political/budgetary changes; data center power contracts dependent on AI spending sustainability
- Insider selling activity in May 2026 (CFO, executive, vice chairman combined $3.2M+ in sales) signals potential overvaluation concerns despite bullish fundamentals
Methodology · Enlight Renewable Energy Ltd. Ordinary Shares 2030 stock forecast model
Enlight Renewable Energy Ltd. Ordinary Shares 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 7 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (0% cumulative for ENLT by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($17.86B by 2030) |
| 3. Time value | NPV calculated using 9% WACC (CAPM: beta 0.865) |
| 4. Multiple framework | P/S compresses with scale: bear 5.0x / base 10.0x / bull 20.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
ENLT price target FAQ
What is the ENLT price target for 2030?
WallStSmart's Enlight Renewable Energy Ltd. Ordinary Shares 2030 base case is $51.06 per share, with a bull case of $229.77 and bear case of $-38.29. The NPV of the base case discounted to today at 9% WACC is $33.89.
How is the Enlight Renewable Energy Ltd. Ordinary Shares 2030 stock forecast calculated?
The ENLT 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the ENLT price target account for dilution?
Enlight Renewable Energy Ltd. Ordinary Shares is projected to grow diluted share count from 140M to 140M by 2030 (a 0% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 0%.
What is the analyst consensus on ENLT stock?
7 analysts cover ENLT with an average 12-month price target of $60.17. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.