Enlight Renewable Energy (NASDAQ:ENLT) Stock Price Up 3%

Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report) shot up 3% on Tuesday . The stock traded as high as $16.62 and last traded at $16.62. 2,828 shares were traded during trading, a decline of 94% from the average session volume of 47,137 shares. The stock had previously closed at $16.14.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ENLT. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $16.00 price target (down from $19.00) on shares of Enlight Renewable Energy in a report on Monday, April 8th. Barclays cut their price target on Enlight Renewable Energy from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday, April 10th. Finally, Mizuho raised their price objective on shares of Enlight Renewable Energy from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Wednesday, January 3rd.

Enlight Renewable Energy Trading Up 3.5 %

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.63. The company has a market cap of $1.93 billion, a P/E ratio of 29.23 and a beta of 1.84. The business has a 50-day moving average price of $17.04 and a two-hundred day moving average price of $16.57.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.12 earnings per share 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%. On average, analysts predict that Enlight Renewable Energy Ltd will post 0.44 EPS for the current year.

Hedge Funds Weigh In On Enlight Renewable Energy

Several large investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new position in shares of Enlight Renewable Energy during the 1st quarter worth about $32,000. Capstone Investment Advisors LLC boosted its stake in Enlight Renewable Energy by 10.5% during the 4th quarter. Capstone Investment Advisors LLC now owns 20,000 shares of the company's stock worth $383,000 after acquiring an additional 1,900 shares during the last quarter. Legal & General Group Plc grew its holdings in Enlight Renewable Energy by 1,250.5% during the third quarter. Legal & General Group Plc now owns 2,890 shares of the company's stock valued at $46,000 after purchasing an additional 2,676 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Enlight Renewable Energy by 1.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 422,381 shares of the company's stock valued at $6,560,000 after purchasing an additional 4,415 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Enlight Renewable Energy by 5.4% in the second quarter. Geode Capital Management LLC now owns 90,581 shares of the company's stock worth $1,608,000 after purchasing an additional 4,608 shares during the period. 38.89% of the stock is currently owned by institutional investors and hedge funds.

About Enlight Renewable Energy

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.