Enlight Renewable Energy Reports Q2
Aug 18, 2024
Enlight's Q2 report looks good to me. Several in-development projects reached their commercial operations date (COD) in the quarter which, combined with strong spot pricing, led to a 61% increase in revenues. Management re-iterated its modeling for about 38-39% revenue growth in 2024. Its large U.S. project, Atrisco, completed construction in the quarter and will come online in Q3. Just for comparison sake, Atrisco is a 364MW solar generation plant, compared to about 180MW of new capacity that came online this quarter. Several big projects in the U.S. and elsewhere continue to progress in development. This still looks like an attractive play in the renewable energy space. I'm raising the fair value from $16 to $18.
Follow @GreenDotStocks
Information contained on this website represents only the opinions of the author and should not be used as the sole basis for investing decisions. By using this site, you agree to all statements in the Site Policy.
Watch List
| APPF | 1.76% |
| CMG | 41.39% |
| VEEV | 15.19% |
| INTU | 18.43% |
| WDAY | -7.41% |
| PSTG | -1.35% |
| RDDT | 21.21% |
| NTNX | 25.72% |
| CRWD | 93.19% |
| SE | 28.99% |
| SNOW | 13.54% |
vs. Fair Value Estimates
Buy List
| PINS | -36.17% |
| SEMR | -34.19% |
| TSM | -41.43% |
| ZETA | -25.56% |
| GOOG | -49.87% |
| NYAX | -28.83% |
| MSFT | -28.75% |
| ODD | -28.48% |
| FLYW | -41.42% |
| HRMY | -59.78% |
| YOU | -38.88% |
| ABNB | -30.73% |
| ADBE | -42.67% |
vs. Fair Value Estimates
Hold List
| ASML | -23.38% |
| VTEX | -14.40% |
| ASR | -24.34% |
| CELH | 43.72% |
| TOST | 19.13% |
| CPNG | -11.62% |
| HIMS | -18.63% |
| PAYC | -18.53% |
| MNDY | 18.86% |
| GLBE | -22.26% |
| ZS | 34.88% |
| V | -6.51% |
| ADSK | 0.54% |
| NOW | 13.21% |
| MELI | -23.90% |
| FTNT | 0.63% |
| TEAM | 0.80% |
vs. Fair Value Estimates