Reviewing Snow Lake Resources (NASDAQ:LITM) and Enlight Renewable Energy (NASDAQ:ENLT)

Snow Lake Resources (NASDAQ:LITM) and Enlight Renewable Energy (NASDAQ:ENLT) are both energy companies, but which is the better business? We will compare the two companies based on the strength of their profitability, valuation, dividends, earnings, analyst recommendations, institutional ownership and risk.

Analyst Recommendations

This is a breakdown of current recommendations for Snow Lake Resources and Enlight Renewable Energy, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Snow Lake Resources	1	0	0	0	1.00
Enlight Renewable Energy	1	4	2	0	2.14

Enlight Renewable Energy has a consensus price target of $28.40, suggesting a potential downside of 19.20%. Given Enlight Renewable Energy’s stronger consensus rating and higher probable upside, analysts clearly believe Enlight Renewable Energy is more favorable than Snow Lake Resources.

Earnings and Valuation

This table compares Snow Lake Resources and Enlight Renewable Energy”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Snow Lake Resources	N/A	N/A	-$5.06 million	($3.90)	-1.02
Enlight Renewable Energy	$398.80 million	N/A	$44.21 million	$0.92	38.21

Enlight Renewable Energy has higher revenue and earnings than Snow Lake Resources. Snow Lake Resources is trading at a lower price-to-earnings ratio than Enlight Renewable Energy, indicating that it is currently the more affordable of the two stocks.

Institutional & Insider Ownership

0.2% of Snow Lake Resources shares are held by institutional investors. Comparatively, 38.9% of Enlight Renewable Energy shares are held by institutional investors. 13.4% of Snow Lake Resources shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Volatility & Risk

Snow Lake Resources has a beta of 0.53, indicating that its share price is 47% less volatile than the S&P 500. Comparatively, Enlight Renewable Energy has a beta of 1.54, indicating that its share price is 54% more volatile than the S&P 500.

Profitability

This table compares Snow Lake Resources and Enlight Renewable Energy’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Snow Lake Resources	N/A	N/A	N/A
Enlight Renewable Energy	23.58%	7.48%	1.97%

Summary

Enlight Renewable Energy beats Snow Lake Resources on 12 of the 13 factors compared between the two stocks.

About Snow Lake Resources

Snow Lake Resources Ltd., a natural resource exploration company, engages in the exploration and development of mineral resources in Canada. The company explores for lithium mineral resources. Its flagship property is the Thomson Brothers and Grass River lithium projects located to Crowduck Bay Fault region. The company was incorporated in 2018 and is based in Winnipeg, Canada.

About Enlight Renewable Energy

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. The company was incorporated in 1981 and is headquartered in Rosh Haayin, Israel.