Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $16.01, but opened at $16.51. Enlight Renewable Energy shares last traded at $17.05, with a volume of 16,434 shares changing hands.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on ENLT. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $16.00 target price (down previously from $19.00) on shares of Enlight Renewable Energy in a report on Monday. Mizuho upped their target price on Enlight Renewable Energy from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Wednesday, January 3rd.
Read Our Latest Report on Enlight Renewable Energy
Enlight Renewable Energy Stock Up 5.9 %
The firm has a market capitalization of $1.96 billion, a price-to-earnings 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 has a fifty day moving average of $17.19 and a two-hundred day moving average of $16.56.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its earnings results on Monday, February 26th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.05). The firm had revenue of $73.83 million for the quarter, compared to the consensus estimate of $85.36 million. Enlight Renewable Energy had a return on equity of 5.05% and a net margin of 27.74%. Sell-side analysts anticipate that Enlight Renewable Energy Ltd will post 0.45 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new stake in shares of Enlight Renewable Energy during the 1st quarter worth $32,000. Legal & General Group Plc increased its stake in shares of Enlight Renewable Energy by 1,250.5% in the 3rd quarter. Legal & General Group Plc now owns 2,890 shares of the company's stock worth $46,000 after acquiring an additional 2,676 shares in the last quarter. Deutsche Bank AG purchased a new stake in Enlight Renewable Energy during the 1st quarter valued at about $106,000. Tower Research Capital LLC TRC purchased a new stake in Enlight Renewable Energy during the 2nd quarter valued at about $130,000. Finally, Mariner LLC purchased a new stake in shares of Enlight Renewable Energy during the 3rd quarter valued at about $165,000. 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 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.
Read More
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 "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
