Barclays Issues Positive Forecast for Enlight Renewable Energy (NASDAQ:ENLT) Stock Price

Enlight Renewable Energy (NASDAQ:ENLT) had its price target upped by investment analysts at Barclays from $20.00 to $21.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 29.39% from the company’s previous close.

Separately, Roth Mkm reiterated a “buy” rating and issued a $20.00 price target on shares of Enlight Renewable Energy in a report on Wednesday, August 14th.

Enlight Renewable Energy Trading Down 0.9 %

ENLT stock opened at $16.23 on Friday. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 36.84 and a beta of 1.71. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.59. The business has a fifty day simple moving average of $15.88 and a 200-day simple moving average of $16.33. Enlight Renewable Energy has a 52 week low of $14.09 and a 52 week high of $20.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its holdings in Enlight Renewable Energy by 1,181.5% during the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock worth $241,000 after buying an additional 13,150 shares in the last quarter. Tidal Investments LLC bought a new stake in Enlight Renewable Energy during the first quarter worth approximately $254,000. Susquehanna International Group Ltd. bought a new stake in Enlight Renewable Energy during the second quarter worth approximately $253,000. Quadrature Capital Ltd bought a new stake in Enlight Renewable Energy during the first quarter worth approximately $377,000. Finally, Barclays PLC boosted its holdings in Enlight Renewable Energy by 4,278.2% during the third quarter. Barclays PLC now owns 25,525 shares of the company’s stock worth $432,000 after buying an additional 24,942 shares in the last quarter. Institutional investors and hedge funds own 38.89% of the company’s stock.

About Enlight Renewable Energy

Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.