Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Receives Average Rating of “Hold” from Brokerages

Shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $33.80.

Several research analysts have recently issued reports on ENLT shares. JPMorgan Chase & Co. increased their price objective on shares of Enlight Renewable Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Wall Street Zen lowered Enlight Renewable Energy from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 10th. Roth Capital lifted their price target on Enlight Renewable Energy from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday. Barclays raised their target price on Enlight Renewable Energy from $34.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $30.00 target price on shares of Enlight Renewable Energy in a report on Wednesday, October 1st.

Institutional Trading of Enlight Renewable Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENLT. Clal Insurance Enterprises Holdings Ltd grew its position in Enlight Renewable Energy by 2.1% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,247,031 shares of the company’s stock worth $253,986,000 after buying an additional 173,009 shares during the last quarter. Meitav Investment House Ltd. boosted its stake in shares of Enlight Renewable Energy by 0.3% during the 2nd quarter. Meitav Investment House Ltd. now owns 5,668,798 shares of the company’s stock worth $128,607,000 after acquiring an additional 19,582 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in shares of Enlight Renewable Energy by 50.5% in the 3rd quarter. Y.D. More Investments Ltd now owns 5,584,817 shares of the company’s stock worth $172,143,000 after acquiring an additional 1,875,084 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Enlight Renewable Energy by 1.6% during the third quarter. Vanguard Group Inc. now owns 4,447,614 shares of the company’s stock worth $136,800,000 after purchasing an additional 70,338 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Enlight Renewable Energy by 3.9% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,722,610 shares of the company’s stock valued at $84,837,000 after purchasing an additional 103,430 shares during the last quarter. 38.89% of the stock is owned by institutional investors and hedge funds.

Enlight Renewable Energy Stock Down 0.3%

Shares of NASDAQ ENLT opened at $37.46 on Friday. The firm’s 50-day simple moving average is $32.61 and its 200 day simple moving average is $26.17. Enlight Renewable Energy has a fifty-two week low of $14.01 and a fifty-two week high of $39.62. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.70 and a current ratio of 0.88.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its earnings results on Wednesday, November 12th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Enlight Renewable Energy had a net margin of 22.60% and a return on equity of 7.41%. The firm had revenue of $165.06 million during the quarter, compared to analyst estimates of $146.04 million. Enlight Renewable Energy has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Enlight Renewable Energy will post 0.41 EPS for the current year.

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.