Shares of Enlight Renewable Energy Ltd. (NASDAQ: ENLT) surged 5.46% in Wednesday's trading session, driven by the company's strong fourth-quarter and full-year 2024 financial results, which exceeded analyst expectations. The stock's rally also reflected investors' optimism over Enlight's bullish outlook for 2025.

In the fourth quarter of 2024, Enlight reported revenues of $104.1 million, a 35% increase from the same period last year. Net income for the quarter stood at $8 million, down 48% year-over-year, but this decline was primarily due to one-time items in the fourth quarter of 2023. For the full year 2024, the company's revenues grew by an impressive 53% to $398.8 million, while net income fell 32% to $66.5 million, impacted by substantial one-time items in 2023.

Enlight's robust financial performance was fueled by the successful commissioning of several new projects, which contributed significantly to the company's revenue growth. The company's diversified portfolio across solar, wind, and energy storage segments, spanning multiple regions, also supported its strong performance.

Looking ahead, Enlight provided an optimistic outlook for 2025, projecting total revenues and income to range between $490 million and $510 million, representing a 25% increase from 2024 at the midpoint. Additionally, the company expects its adjusted EBITDA to grow by 28% to a range of $360 million to $380 million.

Investors reacted positively to Enlight's strong earnings results, revenue and earnings beats, and bullish 2025 guidance, driving the stock's significant surge on Wednesday. The company's ambitious growth plans, including the construction of 4.7 GW of new capacity with a total investment of $5.5 billion, further fueled investor confidence in its long-term prospects.