Enlight Renewable Energy (NASDAQ:ENLT) Price Target Raised to $25.00 at JPMorgan Chase & Co.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) had its target price raised by analysts at JPMorgan Chase & Co. from $18.00 to $25.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential downside of 2.55% from the stock's previous close.

Separately, Mizuho set a $21.00 price objective on shares of Enlight Renewable Energy and gave the company an "underperform" rating in a report on Monday, July 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Enlight Renewable Energy currently has an average rating of "Hold" and an average target price of $21.80.

Enlight Renewable Energy Trading Up 0.2%

Shares of ENLT stock traded up $0.05 during trading hours on Tuesday, hitting $25.66. 9,140 shares of the company were exchanged, compared to its average volume of 18,817. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.95. The firm has a fifty day moving average of $21.31 and a 200 day moving average of $18.16. The firm has a market cap of $2.97 billion, a PE ratio of 26.45 and a beta of 1.50. Enlight Renewable Energy has a 1 year low of $14.01 and a 1 year high of $26.27.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.24. The company had revenue of $129.87 million during the quarter, compared to analysts' expectations of $396.61 million. Enlight Renewable Energy had a return on equity of 8.17% and a net margin of 27.82%. Analysts expect that Enlight Renewable Energy will post 0.41 earnings per share for the current year.

Hedge Funds Weigh In On Enlight Renewable Energy

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Enlight Renewable Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 4,227,862 shares of the company's stock worth $68,107,000 after purchasing an additional 69,329 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in shares of Enlight Renewable Energy by 18.0% in the first quarter. Y.D. More Investments Ltd now owns 3,621,516 shares of the company's stock worth $57,870,000 after acquiring an additional 553,337 shares during the period. Invesco Ltd. grew its holdings in shares of Enlight Renewable Energy by 2.5% in the first 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 period. Phoenix Financial Ltd. grew its holdings in shares of Enlight Renewable Energy by 42.2% in the fourth quarter. Phoenix Financial Ltd. now owns 1,254,495 shares of the company's stock worth $21,634,000 after acquiring an additional 372,403 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of Enlight Renewable Energy by 5.7% in the fourth quarter. Legal & General Group Plc now owns 504,508 shares of the company's stock worth $8,730,000 after acquiring an additional 27,248 shares during the period. 38.89% of the stock is currently owned by institutional investors.

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.

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