Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) had its price target lifted by research analysts at UBS Group from $93.00 to $105.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price objective points to a potential upside of 12.18% from the company's previous close.
A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the company an "underweight" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft set a $65.00 price target on Enlight Renewable Energy and gave the company a "hold" rating in a research note on Thursday, April 9th. Barclays reissued an "overweight" rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Finally, Mizuho set a $37.00 target price on Enlight Renewable Energy in a research report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Enlight Renewable Energy currently has a consensus rating of "Hold" and a consensus price target of $60.17.
Check Out Our Latest Report on Enlight Renewable Energy
Enlight Renewable Energy Price Performance
NASDAQ ENLT traded up $2.90 during trading on Wednesday, hitting $93.60. 169,168 shares of the company's stock were exchanged, compared to its average volume of 148,909. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.03. The company has a market cap of $11.10 billion, a PE ratio of 91.77, a P/E/G ratio of 11.17 and a beta of 1.51. Enlight Renewable Energy has a fifty-two week low of $16.87 and a fifty-two week high of $93.85. The stock's 50 day moving average price is $75.62 and its two-hundred day moving average price is $56.45.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The firm had revenue of $156.49 million during the quarter. Enlight Renewable Energy had a net margin of 22.69% and a return on equity of 7.35%. Research analysts expect that Enlight Renewable Energy will post 0.46 EPS for the current year.
Hedge Funds Weigh In On Enlight Renewable Energy
A number of hedge funds have recently modified their holdings of ENLT. Bleakley Financial Group LLC acquired a new stake in Enlight Renewable Energy in the first quarter valued at $2,397,000. Counterpoint Mutual Funds LLC acquired a new position in Enlight Renewable Energy during the 1st quarter worth about $533,000. USS Investment Management Ltd lifted its holdings in Enlight Renewable Energy by 3.5% during the 1st quarter. USS Investment Management Ltd now owns 88,084 shares of the company's stock worth $6,013,000 after buying an additional 2,981 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Enlight Renewable Energy by 3.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 126,798 shares of the company's stock valued at $8,405,000 after buying an additional 3,970 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Enlight Renewable Energy by 121.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 505,792 shares of the company's stock valued at $33,527,000 after buying an additional 277,179 shares during the last quarter. Institutional investors and hedge funds own 38.89% of the company's stock.
Key Enlight Renewable Energy News
Here are the key news stories impacting Enlight Renewable Energy this week:
Enlight Renewable Energy Company Profile
(
Get Free Report)
Enlight Renewable Energy Ltd. NASDAQ: ENLT is an independent power producer specializing in the development, financing, construction and operation of renewable energy assets. The company's portfolio encompasses utility-scale solar photovoltaic (PV) farms, onshore wind farms and energy storage facilities. By providing end-to-end project management—from site identification and feasibility studies through engineering procurement and construction (EPC) to long-term operations and maintenance—Enlight seeks to deliver reliable clean power under long-term power purchase agreements (PPAs).
Founded in 2008 and headquartered in Tel Aviv, Enlight has pursued an international growth strategy with operational and development projects in Israel and Western Europe.
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