Enlight Renewable Energy (NASDAQ:ENLT) Announces Quarterly Earnings Results

Enlight Renewable Energy (NASDAQ:ENLT) released its quarterly earnings results on Wednesday. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.17, Zacks reports. The company had revenue of $114.21 million for the quarter, compared to the consensus estimate of $289.04 million. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. Enlight Renewable Energy updated its FY 2025 guidance to EPS.

Enlight Renewable Energy Price Performance

NASDAQ ENLT opened at $17.77 on Thursday. Enlight Renewable Energy has a 1 year low of $14.09 and a 1 year high of $18.48. The stock’s 50-day moving average price is $16.70 and its two-hundred day moving average price is $16.26. The company has a market cap of $2.05 billion, a PE ratio of 40.39 and a beta of 1.51. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.64.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ENLT shares. Wolfe Research downgraded Enlight Renewable Energy from an “outperform” rating to a “peer perform” rating in a research report on Thursday. Barclays raised their target price on Enlight Renewable Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd.

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.