Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $31.30 and last traded at $31.16, with a volume of 23518 shares changing hands. The stock had previously closed at $29.50.
Analysts Set New Price Targets
ENLT has been the subject of a number of analyst reports. Roth Capital restated a "buy" rating and set a $28.00 price objective on shares of Enlight Renewable Energy in a report on Wednesday, August 6th. Barclays boosted their price objective on shares of Enlight Renewable Energy from $21.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Mizuho set a $21.00 price target on shares of Enlight Renewable Energy and gave the company an "underperform" rating in a research note on Monday, July 14th. Wall Street Zen lowered shares of Enlight Renewable Energy from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Enlight Renewable Energy from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Friday, September 19th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $24.80.
Read Our Latest Stock Report on ENLT
Enlight Renewable Energy Stock Performance
The stock's 50-day moving average price is $27.05 and its 200 day moving average price is $21.82. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $3.60 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 3.51 and a beta of 1.51.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last announced 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 business had revenue of $36.37 million during the quarter, compared to the consensus estimate of $424.05 million. Enlight Renewable Energy had a return on equity of 7.48% and a net margin of 23.58%. As a group, equities analysts predict that Enlight Renewable Energy Ltd. will post 0.41 EPS for the current year.
Institutional Trading of Enlight Renewable Energy
Institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its position in shares of Enlight Renewable Energy by 256.1% in the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company's stock worth $28,000 after purchasing an additional 881 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Enlight Renewable Energy in the second quarter worth $106,000. Bank of Montreal Can lifted its position in shares of Enlight Renewable Energy by 6.4% in the second quarter. Bank of Montreal Can now owns 11,021 shares of the company's stock worth $251,000 after purchasing an additional 660 shares in the last quarter. Jane Street Group LLC bought a new stake in Enlight Renewable Energy during the fourth quarter worth $196,000. Finally, TD Asset Management Inc bought a new stake in Enlight Renewable Energy during the first quarter worth $203,000. Institutional investors own 38.89% of the company's stock.
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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