Brokerages Set Enlight Renewable Energy Ltd. (NASDAQ:ENLT) PT at $24.80

Shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT) have been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $26.40.

A number of research firms recently weighed in on ENLT. Roth Capital restated a “buy” rating and issued a $28.00 price target on shares of Enlight Renewable Energy in a report on Wednesday, August 6th. Barclays boosted their price target on Enlight Renewable Energy from $21.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Wall Street Zen lowered Enlight Renewable Energy from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 10th. Mizuho set a $21.00 price objective on Enlight Renewable Energy and gave the stock an “underperform” rating in a research report on Monday, July 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Saturday, September 27th.

Institutional Trading of Enlight Renewable Energy

A number of hedge funds have recently bought and sold shares of ENLT. Jane Street Group LLC acquired a new position in Enlight Renewable Energy in the 4th quarter valued at $196,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Enlight Renewable Energy by 9.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 336,224 shares of the company’s stock valued at $5,798,000 after purchasing an additional 28,792 shares during the period. Public Employees Retirement System of Ohio increased its stake in Enlight Renewable Energy by 2.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 39,872 shares of the company’s stock valued at $690,000 after purchasing an additional 947 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Enlight Renewable Energy by 1.9% during the first quarter. Assenagon Asset Management S.A. now owns 350,203 shares of the company’s stock worth $5,582,000 after buying an additional 6,381 shares during the period. Finally, TD Asset Management Inc purchased a new position in Enlight Renewable Energy during the first quarter worth about $203,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

Enlight Renewable Energy Stock Performance

ENLT opened at $31.31 on Friday. The stock has a market cap of $3.62 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.31 and a beta of 1.54. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s 50 day simple moving average is $27.37 and its 200 day simple moving average is $22.08. Enlight Renewable Energy has a 1-year low of $14.01 and a 1-year high of $31.80.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). The firm had revenue of $36.37 million during the quarter, compared to analyst estimates of $424.05 million. Enlight Renewable Energy had a return on equity of 7.48% and a net margin of 23.58%. As a group, equities analysts anticipate that Enlight Renewable Energy will post 0.41 EPS for the current fiscal year.

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.