Enlight Renewable Energy Ltd. (ENLT) shares surged 7.85% in pre-market trading on Tuesday after the company reported quarterly earnings that exceeded analyst expectations.

The company posted earnings per share of $0.20, beating the consensus estimate of $0.16 by 25%. This marked a dramatic increase from the $0.01 per share reported in the same quarter last year. Although quarterly sales of $165.99 million fell short of the $475.07 million estimate, the strong bottom-line performance drove investor enthusiasm and boosted the stock.

The earnings beat underscored the company's improving profitability, which outweighed the revenue miss and fueled the pre-market rally.