Enlight Renewable Energy (NASDAQ:ENLT) Issues Quarterly Earnings Results, Beats Expectations By $0.24 EPS

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.24, Zacks reports. The company had revenue of $129.87 million for the quarter, compared to the consensus estimate of $396.61 million. Enlight Renewable Energy had a net margin of 11.09% and a return on equity of 3.03%. Enlight Renewable Energy updated its FY 2025 guidance to EPS.

Enlight Renewable Energy Stock Performance

NASDAQ ENLT traded up $0.30 during trading on Friday, reaching $18.18. 23,116 shares of the company's stock were exchanged, compared to its average volume of 14,730. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.22 and a quick ratio of 0.53. The business has a 50 day moving average price of $16.15 and a 200-day moving average price of $16.39. The stock has a market capitalization of $2.10 billion, a P/E ratio of 50.50 and a beta of 1.24. Enlight Renewable Energy has a fifty-two week low of $14.01 and a fifty-two week high of $18.48.

Wall Street Analyst Weigh In

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