Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $27.60 and last traded at $27.55, with a volume of 68064 shares changing hands. The stock had previously closed at $26.08.
Analyst Ratings Changes
Several research firms have weighed in on ENLT. JPMorgan Chase & Co. upped their target price on Enlight Renewable Energy from $18.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Barclays raised their price target on Enlight Renewable Energy from $21.00 to $26.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Wall Street Zen lowered Enlight Renewable Energy from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 10th. Roth Capital reissued a "buy" rating and issued a $28.00 price target on shares of Enlight Renewable Energy in a research note on Wednesday, August 6th. Finally, Mizuho set a $21.00 price target on Enlight Renewable Energy and gave the stock an "underperform" rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $24.40.
Check Out Our Latest Analysis on ENLT
Enlight Renewable Energy Trading Up 5.6%
The business has a fifty day moving average price of $23.83 and a 200 day moving average price of $19.38. The company has a market capitalization of $3.18 billion, a PE ratio of 29.95, a P/E/G ratio of 3.07 and a beta of 1.51. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.70 and a current ratio of 0.70.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.05). The firm had revenue of $36.37 million during the quarter, compared to analysts' expectations of $424.05 million. Enlight Renewable Energy had a return on equity of 7.48% and a net margin of 23.58%. 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
Several hedge funds have recently modified their holdings of the stock. Tidal Investments LLC raised its holdings in shares of Enlight Renewable Energy by 18.8% during the 2nd quarter. Tidal Investments LLC now owns 15,943 shares of the company's stock valued at $362,000 after buying an additional 2,527 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Enlight Renewable Energy by 256.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company's stock valued at $28,000 after buying an additional 881 shares during the period. Jane Street Group LLC raised its holdings in shares of Enlight Renewable Energy by 6.0% during the 2nd quarter. Jane Street Group LLC now owns 11,366 shares of the company's stock valued at $258,000 after buying an additional 641 shares during the period. Canada Pension Plan Investment Board grew its stake in Enlight Renewable Energy by 9.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 279,789 shares of the company's stock valued at $6,348,000 after purchasing an additional 24,653 shares in the last quarter. Finally, Amundi increased its holdings in Enlight Renewable Energy by 44.9% during the 2nd quarter. Amundi now owns 108,178 shares of the company's stock worth $2,459,000 after purchasing an additional 33,497 shares during the last quarter. 38.89% of the stock is currently owned by hedge funds and other institutional investors.
Enlight Renewable Energy Company Profile
(
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.
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