- Bank of America Corp DE significantly increased its stake in Enlight Renewable Energy Ltd. during the first quarter, owning shares valued at $32.51 million.
- Multiple institutional investors and hedge funds actively adjusted their holdings in the renewable energy company alongside recent insider stock sales.
- Enlight Renewable Energy operates as an independent power producer specializing in solar, wind, and storage assets across Israel and Western Europe.
- Enlight Renewable Energy reported a 55 % revenue increase to $ 210 million and a 67 % rise in adjusted EBITDA for Q2 2026, driven by strong project execution and elevated electricity prices.
- The company raised its full-year 2026 guidance, projecting revenues between $ 790 million and $ 820 million and adjusted EBITDA between $ 565 million and $ 585 million.
- Strategic milestones included completing the $ 2.6 billion Cobar complex financing in Arizona, securing a Google power purchase agreement, expanding storage footprints in Finland and Romania, and advancing a data center pipeline.