Enlight Renewable Energy (ENLT) to Release Quarterly Earnings on Tuesday

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $396.61 million for the quarter. Enlight Renewable Energy has set its FY 2025 guidance at EPS.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.17. The company had revenue of $114.21 million during the quarter, compared to analysts' expectations of $289.04 million. Enlight Renewable Energy had a net margin of 11.09% and a return on equity of 3.03%. On average, analysts expect Enlight Renewable Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Enlight Renewable Energy Price Performance

Shares of Enlight Renewable Energy stock traded up $0.06 during trading on Friday, hitting $16.39. The stock had a trading volume of 5,178 shares, compared to its average volume of 15,655. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 45.53 and a beta of 1.26. The company has a current ratio of 1.22, a quick ratio of 0.53 and a debt-to-equity ratio of 1.98. The business's 50-day moving average is $16.14 and its 200 day moving average is $16.33. Enlight Renewable Energy has a 12 month low of $14.01 and a 12 month high of $18.48.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ENLT shares. JPMorgan Chase & Co. upped their price objective on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Enlight Renewable Energy in a research note on Thursday, March 6th. They issued a "buy" rating and a $22.00 price objective for the company. Finally, Wolfe Research downgraded Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.25.

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.