Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report)'s stock had its "neutral" rating restated by equities researchers at JPMorgan Chase & Co. in a note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $16.00 price objective on the stock, down from their prior price objective of $19.00. JPMorgan Chase & Co.'s price target indicates a potential downside of 5.60% from the stock's previous close.
Separately, Mizuho raised their target price on Enlight Renewable Energy from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 3rd.
View Our Latest Research Report on Enlight Renewable Energy
Enlight Renewable Energy Trading Up 5.9 %
Enlight Renewable Energy stock traded up $0.94 during trading on Monday, reaching $16.95. 47,632 shares of the company were exchanged, compared to its average volume of 50,329. Enlight Renewable Energy has a 52-week low of $12.11 and a 52-week high of $20.44. The company has a market capitalization of $1.96 billion, a P/E ratio of 29.11 and a beta of 1.84. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.14 and a quick ratio of 1.14. The stock's 50 day simple moving average is $17.19 and its two-hundred day simple moving average is $16.56.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.05). Enlight Renewable Energy had a return on equity of 5.05% and a net margin of 27.74%. The company had revenue of $73.83 million for the quarter, compared to analysts' expectations of $85.36 million. On average, equities research analysts expect that Enlight Renewable Energy will post 0.45 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Enlight Renewable Energy
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENLT. Cubist Systematic Strategies LLC acquired a new stake in shares of Enlight Renewable Energy in the first quarter valued at $32,000. Legal & General Group Plc grew its stake in shares of Enlight Renewable Energy by 1,250.5% in the third quarter. Legal & General Group Plc now owns 2,890 shares of the company's stock valued at $46,000 after buying an additional 2,676 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of Enlight Renewable Energy in the first quarter valued at $106,000. Tower Research Capital LLC TRC acquired a new stake in shares of Enlight Renewable Energy in the second quarter valued at $130,000. Finally, Mariner LLC acquired a new stake in shares of Enlight Renewable Energy in the third quarter valued at $165,000. Institutional investors and hedge funds own 38.89% of the company's stock.
About Enlight Renewable Energy
(
Get Free Report)
Enlight Renewable Energy Ltd operates as a renewable energy platform in Israel and internationally. The company initiates, plans, develops, constructs, and operates projects to produce electricity from renewable energy sources. It develops wind energy and solar energy projects, as well as energy storage projects.
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