Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Given Consensus Rating of “Hold” by Analysts

Shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT) have received a consensus rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $41.8333.

Several equities analysts have commented on ENLT shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $38.00 price objective on shares of Enlight Renewable Energy in a report on Wednesday, January 7th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $35.00 target price on shares of Enlight Renewable Energy in a report on Monday, December 8th. Barclays upped their price target on shares of Enlight Renewable Energy from $34.00 to $41.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Finally, UBS Group lifted their price target on shares of Enlight Renewable Energy to $65.00 and gave the stock a “buy” rating in a report on Friday, January 16th.

Enlight Renewable Energy Trading Up 5.1%

Shares of Enlight Renewable Energy stock opened at $61.93 on Friday. The company’s 50 day moving average price is $47.17 and its two-hundred day moving average price is $36.33. Enlight Renewable Energy has a fifty-two week low of $14.01 and a fifty-two week high of $62.94. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.88 and a current ratio of 0.88.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Enlight Renewable Energy had a return on equity of 7.41% and a net margin of 22.60%.The company had revenue of $165.06 million during the quarter, compared to analysts’ expectations of $146.04 million. On average, equities analysts anticipate that Enlight Renewable Energy will post 0.41 earnings per share for the current year.

Institutional Investors Weigh In On Enlight Renewable Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Mariner LLC lifted its stake in shares of Enlight Renewable Energy by 4.1% in the third quarter. Mariner LLC now owns 10,070 shares of the company’s stock worth $314,000 after acquiring an additional 396 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Enlight Renewable Energy by 1.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 45,693 shares of the company’s stock worth $1,409,000 after purchasing an additional 472 shares during the period. Jane Street Group LLC lifted its position in shares of Enlight Renewable Energy by 6.0% in the 2nd quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock worth $258,000 after purchasing an additional 641 shares during the period. Bank of Montreal Can boosted its stake in shares of Enlight Renewable Energy by 6.4% in the 2nd quarter. Bank of Montreal Can now owns 11,021 shares of the company’s stock valued at $251,000 after purchasing an additional 660 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Enlight Renewable Energy by 0.7% during the second quarter. Geode Capital Management LLC now owns 108,157 shares of the company’s stock worth $2,458,000 after buying an additional 773 shares during the period. Institutional investors and hedge funds own 38.89% of the company’s stock.

About Enlight Renewable Energy

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.