Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $43.50.

Several research firms recently weighed in on ENLT. Roth Mkm boosted their target price on Enlight Renewable Energy from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $38.00 price objective on shares of Enlight Renewable Energy in a research note on Wednesday, January 7th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $35.00 target price on shares of Enlight Renewable Energy in a research note on Monday, December 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Monday, December 29th. Finally, Barclays restated an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in shares of Enlight Renewable Energy by 256.1% during the second 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 last quarter. V Square Quantitative Management LLC acquired a new position in Enlight Renewable Energy during the 4th quarter valued at $56,000. Savant Capital LLC acquired a new position in Enlight Renewable Energy during the 4th quarter valued at $241,000. Bank of Montreal Can boosted its holdings in Enlight Renewable Energy by 6.4% in the 2nd quarter. Bank of Montreal Can now owns 11,021 shares of the company’s stock valued at $251,000 after purchasing an additional 660 shares during the period. Finally, Jane Street Group LLC grew its position in Enlight Renewable Energy by 6.0% in the 2nd quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock worth $258,000 after purchasing an additional 641 shares during the last quarter. 38.89% of the stock is owned by institutional investors.

Enlight Renewable Energy Price Performance

Shares of NASDAQ:ENLT opened at $71.68 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.88 and a debt-to-equity ratio of 2.03. Enlight Renewable Energy has a 1 year low of $14.01 and a 1 year high of $81.28. The firm has a fifty day moving average price of $54.22 and a 200 day moving average price of $40.31.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.17. The company had revenue of $124.19 million for the quarter, compared to analyst estimates of $146.12 million. Enlight Renewable Energy had a return on equity of 7.35% and a net margin of 22.69%. On average, equities analysts expect that Enlight Renewable Energy will post 0.41 earnings per share for the current fiscal year.

Enlight Renewable Energy Company Profile

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) is an independent power producer specializing in the development, financing, construction and operation of renewable energy assets. The company’s portfolio encompasses utility-scale solar photovoltaic (PV) farms, onshore wind farms and energy storage facilities. By providing end-to-end project management—from site identification and feasibility studies through engineering procurement and construction (EPC) to long-term operations and maintenance—Enlight seeks to deliver reliable clean power under long-term power purchase agreements (PPAs).

Founded in 2008 and headquartered in Tel Aviv, Enlight has pursued an international growth strategy with operational and development projects in Israel and Western Europe.