Enlight Renewable Energy Ltd. (ENLT) saw its stock soar 7.48% in pre-market trading on Wednesday following the release of its impressive third-quarter results and an upward revision of its 2025 guidance. The renewable energy company significantly outperformed analysts' expectations and demonstrated robust year-over-year growth.

For the third quarter, Enlight reported earnings per share (EPS) of $0.16, surpassing the FactSet estimate of $0.09 by a wide margin. This represents a 33% increase from the $0.12 per share reported in the same quarter last year. The company's revenue for the quarter came in at $165 million, up 46% year-over-year, driven by new project connections, including the Atrisco project in the U.S., which contributed $22 million to the revenue growth.

In light of its strong performance, Enlight raised its full-year 2025 guidance. The company now expects revenue in the range of $555-565 million, up from its previous forecast of $520-535 million. Additionally, the adjusted EBITDA guidance was increased to $405-415 million. Enlight's CEO, Adi Leviatan, attributed the impressive results to the company's strength, team dedication, and focused business strategy. The company's portfolio expansion, which grew by 23% to include 37.0 FGW (Factored GW) of generation and storage capacity, further underscores Enlight's growth potential in the renewable energy market. With these developments, investors are showing increased confidence in Enlight's ability to capitalize on the favorable fundamentals of the renewable energy sector.