Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts give Enlight an average rating of "Hold" across seven firms (2 sell, 2 hold, 3 buy) with an average 1‑year target price of $48.00.
• The stock is trading near its 1‑year high (opened at $80.99; 1‑year range $15.00–$81.28) with a market cap of about $9.6 billion and a high valuation (P/E ~79.4), suggesting elevated investor expectations.
• Enlight reported EPS of $0.10 for the quarter (vs. consensus -$0.07), but revenue of $124.19 million missed the $146.12 million estimate; analysts expect about 0.41 EPS for the current year.

Shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Get Free Report) have received an average rating of "Hold" from the seven research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $48.00.

A number of analysts recently weighed in on ENLT shares. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on Enlight Renewable Energy and gave the company a "hold" rating in a report on Thursday, April 9th. Barclays reiterated an "overweight" rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. UBS Group upped their target price on Enlight Renewable Energy to $65.00 and gave the company a "buy" rating in a report on Friday, January 16th. Finally, Mizuho set a $37.00 target price on Enlight Renewable Energy in a research note on Monday, February 23rd.

Enlight Renewable Energy Stock Performance

NASDAQ:ENLT opened at $80.99 on Wednesday. The stock's 50-day moving average is $70.16 and its 200-day moving average is $51.57. Enlight Renewable Energy has a 1-year low of $15.00 and a 1-year high of $81.28. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.03. The stock has a market cap of $9.60 billion, a P/E ratio of 79.40, a price-to-earnings-growth ratio of 10.17 and a beta of 1.21.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its earnings results on Saturday, February 14th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.17. Enlight Renewable Energy had a net margin of 22.69% and a return on equity of 7.35%. The business had revenue of $124.19 million for the quarter, compared to the consensus estimate of $146.12 million. Equities research analysts anticipate that Enlight Renewable Energy will post 0.41 earnings per share for the current year.

Institutional Investors Weigh In On Enlight Renewable Energy

Several large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew its stake in Enlight Renewable Energy by 0.9% during the fourth quarter. Advisors Asset Management Inc. now owns 26,865 shares of the company's stock worth $1,221,000 after purchasing an additional 251 shares during the period. Mariner LLC boosted its holdings in Enlight Renewable Energy by 4.1% in the third quarter. Mariner LLC now owns 10,070 shares of the company's stock worth $314,000 after acquiring an additional 396 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Enlight Renewable Energy by 1.0% in the third quarter. Public Employees Retirement System of Ohio now owns 45,693 shares of the company's stock worth $1,409,000 after acquiring an additional 472 shares in the last quarter. Jane Street Group LLC boosted its holdings in Enlight Renewable Energy by 6.0% in the second quarter. Jane Street Group LLC now owns 11,366 shares of the company's stock worth $258,000 after acquiring an additional 641 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Enlight Renewable Energy by 0.7% in the second quarter. Geode Capital Management LLC now owns 108,157 shares of the company's stock worth $2,458,000 after acquiring an additional 773 shares in the last quarter. Institutional investors and hedge funds own 38.89% of the company's stock.

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.

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