Enlight Renewable Energy (ENLT) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enlight Renewable Energy in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ENLT shares.
View ENLT analyst ratings or view top-rated stocks.

5 Wall Street analysts have issued 12-month target prices for Enlight Renewable Energy's shares. Their ENLT share price forecasts range from $21.00 to $22.00. On average, they expect the company's share price to reach $21.50 in the next year. This suggests a possible upside of 28.8% from the stock's current price.
View analysts price targets for ENLT or view top-rated stocks among Wall Street analysts.

Enlight Renewable Energy's stock was trading at $17.75 at the start of the year. Since then, ENLT shares have decreased by 6.0% and is now trading at $16.69.
View the best growth stocks for 2023 here.

Enlight Renewable Energy saw a increase in short interest in August. As of August 31st, there was short interest totaling 171,100 shares, an increase of 11.7% from the August 15th total of 153,200 shares. Based on an average daily volume of 49,900 shares, the short-interest ratio is currently 3.4 days. Currently, 0.2% of the company's shares are sold short.
View Enlight Renewable Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our ENLT earnings forecast.

Enlight Renewable Energy Ltd (NASDAQ:ENLT) released its quarterly earnings data on Wednesday, August, 9th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The business earned $52.56 million during the quarter, compared to analysts' expectations of $69.08 million. Enlight Renewable Energy had a net margin of 25.17% and a trailing twelve-month return on equity of 5.76%.

TrueShares Eagle Global Renewable Energy Income ETF holds 3,253 shares of ENLT stock, representing 1.93% of its portfolio.

Enlight Renewable Energy updated its FY 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $265.00 million-$275.00 million, compared to the consensus revenue estimate of $300.00 million.

(ENLT) raised $252 million in an IPO on Friday, February 10th 2023. The company issued 14,000,000 shares at a price of $18.00 per share.

Enlight Renewable Energy trades on the NASDAQ under the ticker symbol "ENLT."

Enlight Renewable Energy's lock-up period expired on Wednesday, August 9th. Enlight Renewable Energy had issued 14,000,000 shares in its public offering on February 10th. The total size of the offering was $252,000,000 based on an initial share price of $18.00. Since the end of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company have been lifted.

Enlight Renewable Energy's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Clal Insurance Enterprises Holdings Ltd (5.50%), Altshuler Shaham Ltd (5.47%), Meitav Investment House Ltd. (5.20%), Meitav Investment House Ltd. (5.20%), Harel Insurance Investments & Financial Services Ltd. (0.78%) and Citadel Advisors LLC (0.70%).

Shares of ENLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of ENLT stock can currently be purchased for approximately $16.69.

Enlight Renewable Energy (NASDAQ:ENLT) has a market capitalization of $1.93 billion and generates $192.17 million in revenue each year.

The company employs 217 workers across the globe.

The official website for the company is www.enlightenergy.co.il. The company can be reached via phone at 972-3900-8700.