Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $27.60 and last traded at $27.55, with a volume of 68064 shares traded. The stock had previously closed at $26.08.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on ENLT shares. JPMorgan Chase & Co. increased their target price on Enlight Renewable Energy from $18.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Mizuho set a $21.00 target price on Enlight Renewable Energy and gave the stock an "underperform" rating in a research report on Monday, July 14th. Roth Capital reaffirmed a "buy" rating and set a $28.00 price objective on shares of Enlight Renewable Energy in a report on Wednesday, August 6th. Wall Street Zen cut Enlight Renewable Energy from a "hold" rating to a "strong sell" rating in a report on Sunday, August 10th. Finally, Barclays upped their price objective on Enlight Renewable Energy from $21.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $24.40.
View Our Latest Stock Report on ENLT
Enlight Renewable Energy Price Performance
The firm has a 50 day moving average price of $24.43 and a 200-day moving average price of $19.64. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 2.10.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). The company had revenue of $36.37 million during the quarter, compared to the consensus estimate of $424.05 million. Enlight Renewable Energy had a net margin of 23.58% and a return on equity of 7.48%. Research analysts expect that Enlight Renewable Energy Ltd. will post 0.41 EPS for the current fiscal year.
Institutional Investors Weigh In On Enlight Renewable Energy
Institutional investors have recently modified their holdings of the stock. Meitav Investment House Ltd. lifted 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 during the last quarter. Vanguard Group Inc. lifted its stake in shares of Enlight Renewable Energy by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 4,227,862 shares of the company's stock worth $68,107,000 after acquiring an additional 69,329 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Enlight Renewable Energy by 2.4% during the 2nd quarter. Y.D. More Investments Ltd now owns 3,709,733 shares of the company's stock worth $84,053,000 after acquiring an additional 88,217 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Enlight Renewable Energy by 259.0% during the 2nd quarter. Legal & General Group Plc now owns 1,867,785 shares of the company's stock worth $42,377,000 after acquiring an additional 1,347,458 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Enlight Renewable Energy by 2.5% during the 1st quarter. Invesco Ltd. now owns 1,656,086 shares of the company's stock worth $26,762,000 after acquiring an additional 40,665 shares during the last quarter. 38.89% of the stock is owned by institutional investors.
About Enlight Renewable Energy
(
Get Free Report)
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.
Further Reading
Before you consider Enlight Renewable Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enlight Renewable Energy wasn't on the list.
While Enlight Renewable Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
