Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Receives Consensus Rating of “Hold” from Brokerages

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $51.6667.

ENLT has been the topic of several research analyst reports. UBS Group boosted their price target on shares of Enlight Renewable Energy to $65.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Barclays reiterated an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. Mizuho set a $37.00 price target on shares of Enlight Renewable Energy in a research report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft set a $65.00 price target on shares of Enlight Renewable Energy and gave the company a “hold” rating in a research report on Thursday, April 9th.

Enlight Renewable Energy Stock Performance

Shares of NASDAQ:ENLT opened at $81.62 on Wednesday. The company has a market cap of $9.68 billion, a price-to-earnings ratio of 80.02, a price-to-earnings-growth ratio of 10.44 and a beta of 1.21. The company has a 50-day moving average price of $72.38 and a 200-day moving average price of $53.36. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.03. Enlight Renewable Energy has a 12 month low of $15.42 and a 12 month high of $85.52.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.17. Enlight Renewable Energy had a net margin of 22.69% and a return on equity of 7.35%. The firm had revenue of $124.19 million during the quarter, compared to the consensus estimate of $146.12 million. As a group, equities analysts anticipate that Enlight Renewable Energy will post 0.46 EPS for the current year.

Hedge Funds Weigh In On Enlight Renewable Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. increased its position in shares of Enlight Renewable Energy by 0.9% during the fourth quarter. Advisors Asset Management Inc. now owns 26,865 shares of the company’s stock valued at $1,221,000 after buying an additional 251 shares during the period. Mariner LLC grew its holdings in 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 purchasing an additional 396 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Enlight Renewable Energy by 1.0% in the third 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 grew its holdings in Enlight Renewable Energy by 6.0% in the second 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. Finally, Geode Capital Management LLC grew its holdings in Enlight Renewable Energy by 0.7% in the second quarter. Geode Capital Management LLC now owns 108,157 shares of the company’s stock worth $2,458,000 after purchasing an additional 773 shares during the period. Hedge funds and other institutional investors own 38.89% of the company’s stock.

Enlight Renewable Energy Company Profile

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.