Enlight Renewable Energy Ltd. (NASDAQ: ENLT)

Enlight Renewable Energy Ltd. is a company limited by shares organized under the laws of the State of Israel that develops finances constructs owns and operates utility scale renewable energy projects. Founded on August 6 2008 the company originated as a small scale solar developer in Israel and has grown into a global renewable energy platform operating across 14 countries on four continents. As of February 16 2026 it oversaw a total project pipeline of approximately 20.6 GW of generation capacity and 61.0 GWh of energy storage capacity comprising 6.4 GW and 17.5 GWh from Mature Projects 3.5 GW and 10.1 GWh from Advanced Development Projects and 10.7 GW and 33.3 GWh from Development Projects. The company maintained 406 employees and traded its shares on the Tel Aviv Stock Exchange since February 2010 and on Nasdaq Global Select Market since February 2023 under the symbol ENLT with principal offices at 3 Amal St Afek Industrial Park Rosh Ha'ayin Israel.

Enlight Renewable Energy Ltd. generates revenue primarily from the sale of electricity produced by its renewable energy assets under long term power purchase agreements. As of February 16 2026 approximately 85% of the capacity from its Operational Projects was contracted under PPAs with an average remaining term of 13.5 years delivering stable long term cash flow. The company also derives revenue from Enlight Enterprise its business unit that supplies electricity to commercial customers in Israel's deregulated market which achieved $85 million in sales revenue during 2025 through agreements with IKEA Mishan and Gezer regional council. Project specific revenue contributions include milestones such as the CO Bar complex in Arizona where two 20 year busbar ESAs were executed with Salt River Project for CO Bar 4 and 5 building on prior PPAs for CO Bar 1 3 and the Crimson Orchard project in Idaho which secured $304 million in debt financing for its 120 MW solar and 400 MWh storage facility.

Enlight Renewable Energy Ltd. reports its activities through three segments based on project development stages: the Mature portfolio the Advanced Development portfolio and the Development portfolio.

• The Mature portfolio consists of projects that are operational under construction or in pre construction defined as expected to commence construction within 12 months. As of February 16 2026 this segment represented approximately 6.4 GW of generation capacity and 17.5 GWh of energy storage capacity equivalent to 31% of total generation capacity and 29% of total storage capacity across the company's portfolio.

• The Advanced Development portfolio comprises projects anticipated to start construction within 13 to 24 months. As of February 16 2026 it totaled approximately 3.5 GW of generation capacity and 10.1 GWh of energy storage capacity with 2.7 GW and 6.4 GWh situated in the United States representing 79% of generation capacity and 63% of storage capacity for this segment domestically.

• The Development portfolio encompasses projects not expected to begin construction within 24 months. As of February 16 2026 it amounted to approximately 10.7 GW of generation capacity and 33.3 GWh of energy storage capacity of which 7.4 GW and 22.5 GWh were located in the United States accounting for 69% of generation capacity and 68% of storage capacity for this segment in the US market.

Enlight Renewable Energy Ltd. holds a distinguished position in the renewable energy industry due to its vertically integrated business model that controls the complete project life cycle from greenfield development to operations and ownership. The company's key competitive advantages include in house development teams capable of originating projects in core markets a global procurement network leveraging scale for cost advantages and extensive experience in securing project finance from international institutions. Its geographically diverse footprint across 14 countries and technological breadth across wind solar and storage enables strategic capital allocation to optimize risk adjusted returns while minimizing vulnerability to regional market fluctuations or technology specific risks.

Enlight Renewable Energy Ltd. serves a customer base that includes utility scale power generators and commercial enterprises seeking renewable energy solutions. For utility scale projects the company sells electricity under long term PPAs with specific partners such as Salt River Project for the COBar complex in Arizona where battery storage systems are provided under 20 year agreements. Through its Enlight Enterprise division it supplies electricity to commercial customers in Israel with documented clients including IKEA Mishan and Gezer regional council under corporate PPAs signed during 2025. The company's customer base reflects its international scope serving entities in North America Europe the Middle East and North Africa that require clean energy procurement to meet operational or sustainability objectives.