Enlight Renewable Energy (NASDAQ:ENLT) Sees Strong Trading Volume

Shares of Enlight Renewable Energy Ltd (NASDAQ:ENLTGet Free Report) saw unusually-high trading volume on Friday . Approximately 13,141 shares were traded during mid-day trading, a decline of 62% from the previous session’s volume of 34,972 shares.The stock last traded at $15.05 and had previously closed at $14.85.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Roth Mkm restated a “buy” rating and issued a $20.00 price target (up from $19.00) on shares of Enlight Renewable Energy in a research report on Thursday, May 9th. Barclays decreased their price target on shares of Enlight Renewable Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $16.00 price target (down from $19.00) on shares of Enlight Renewable Energy in a research report on Monday, April 8th.

Read Our Latest Stock Report on ENLT

Enlight Renewable Energy Stock Performance

The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s 50-day moving average price is $17.02 and its two-hundred day moving average price is $17.26. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 30.47 and a beta of 1.67.

Enlight Renewable Energy (NASDAQ:ENLTGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. Enlight Renewable Energy had a net margin of 23.15% and a return on equity of 4.47%. The business had revenue of $90.40 million for the quarter, compared to analyst estimates of $79.31 million. During the same period in the previous year, the business earned $0.20 EPS. The firm’s revenue was up 27.3% on a year-over-year basis. Sell-side analysts predict that Enlight Renewable Energy Ltd will post 0.25 earnings per share for the current year.

Institutional Trading of Enlight Renewable Energy

Several institutional investors have recently made changes to their positions in ENLT. Capstone Investment Advisors LLC boosted its position in Enlight Renewable Energy by 9.0% in the first quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the company’s stock valued at $369,000 after buying an additional 1,800 shares in the last quarter. Swiss National Bank boosted its position in Enlight Renewable Energy by 1.3% in the first quarter. Swiss National Bank now owns 236,337 shares of the company’s stock valued at $3,954,000 after buying an additional 3,045 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Enlight Renewable Energy in the fourth quarter valued at about $217,000. Tidal Investments LLC acquired a new position in Enlight Renewable Energy in the first quarter valued at about $254,000. Finally, Quadrature Capital Ltd acquired a new position in Enlight Renewable Energy in the first quarter valued at about $377,000. 38.89% of the stock is currently owned by institutional investors and hedge funds.

Enlight Renewable Energy Company Profile

(Get Free Report)

Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.

Read More

Receive News & Ratings for Enlight Renewable Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enlight Renewable Energy and related companies with MarketBeat.com's FREE daily email newsletter.