Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Receives $24.80 Average PT from Brokerages

Shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT) have received a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $24.80.

A number of research firms have issued reports on ENLT. Roth Capital reiterated a “buy” rating and issued a $28.00 target price on shares of Enlight Renewable Energy in a research note on Wednesday, August 6th. Mizuho set a $21.00 price objective on shares of Enlight Renewable Energy and gave the company an “underperform” rating in a research note on Monday, July 14th. Barclays upped their price objective on shares of Enlight Renewable Energy from $21.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Wall Street Zen lowered Enlight Renewable Energy from a “hold” rating to a “strong sell” rating in a report on Sunday, August 10th. Finally, JPMorgan Chase & Co. upped their price target on Enlight Renewable Energy from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th.

Enlight Renewable Energy Stock Performance

Shares of NASDAQ ENLT opened at $29.50 on Friday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.70 and a current ratio of 0.70. Enlight Renewable Energy has a one year low of $14.01 and a one year high of $29.84. The business’s 50-day moving average price is $26.94 and its two-hundred day moving average price is $21.75.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). The firm had revenue of $36.37 million for the quarter, compared to analyst estimates of $424.05 million. Enlight Renewable Energy had a net margin of 23.58% and a return on equity of 7.48%. Sell-side analysts anticipate that Enlight Renewable Energy will post 0.41 earnings per share for the current year.

Institutional Trading of Enlight Renewable Energy

A number of institutional investors and hedge funds have recently modified their holdings of ENLT. BNP Paribas Financial Markets boosted its holdings in shares of Enlight Renewable Energy by 256.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after buying an additional 881 shares during the period. V Square Quantitative Management LLC acquired a new position in Enlight Renewable Energy during the 2nd quarter worth $106,000. Bank of Montreal Can boosted its holdings in Enlight Renewable Energy by 6.4% during the second quarter. Bank of Montreal Can now owns 11,021 shares of the company’s stock valued at $251,000 after acquiring an additional 660 shares during the period. Jane Street Group LLC acquired a new stake in shares of Enlight Renewable Energy in the fourth quarter valued at about $196,000. Finally, TD Asset Management Inc acquired a new stake in shares of Enlight Renewable Energy in the first quarter valued at about $203,000. 38.89% of the stock is currently owned by institutional investors and hedge funds.

Enlight Renewable Energy Company Profile

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.