Roth Capital Has Negative Estimate for ENLT Q4 Earnings

Enlight Renewable Energy Ltd (NASDAQ:ENLT) – Analysts at Roth Capital dropped their Q4 2024 earnings per share (EPS) estimates for shares of Enlight Renewable Energy in a research note issued to investors on Wednesday, November 13th. Roth Capital analyst J. Clare now forecasts that the company will post earnings per share of ($0.01) for the quarter, down from their previous forecast of $0.10. The consensus estimate for Enlight Renewable Energy’s current full-year earnings is $0.18 per share. Roth Capital also issued estimates for Enlight Renewable Energy’s FY2025 earnings at $0.22 EPS.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its earnings results on Wednesday, November 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.03 by $0.09. Enlight Renewable Energy had a return on equity of 3.34% and a net margin of 13.58%. The company had revenue of $109.50 million for the quarter, compared to analysts’ expectations of $83.09 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The business’s revenue for the quarter was up 87.8% on a year-over-year basis.

Other research analysts have also recently issued reports about the company. Roth Mkm reissued a “buy” rating and issued a $20.00 target price on shares of Enlight Renewable Energy in a research note on Wednesday, August 14th. Barclays boosted their price target on Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th.

Enlight Renewable Energy Stock Down 0.5 %

NASDAQ ENLT opened at $16.31 on Monday. The stock has a fifty day moving average of $15.90 and a 200-day moving average of $16.33. Enlight Renewable Energy has a 52 week low of $14.09 and a 52 week high of $20.00. The stock has a market capitalization of $1.89 billion, a P/E ratio of 37.43 and a beta of 1.71. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.53 and a current ratio of 0.53.

Institutional Investors Weigh In On Enlight Renewable Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Y.D. More Investments Ltd lifted its position in shares of Enlight Renewable Energy by 94,919.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 1,957,405 shares of the company’s stock worth $31,166,000 after buying an additional 1,955,345 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Enlight Renewable Energy by 4.2% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company’s stock valued at $147,885,000 after buying an additional 353,750 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Enlight Renewable Energy by 3.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,619,180 shares of the company’s stock valued at $42,326,000 after purchasing an additional 76,873 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Enlight Renewable Energy during the third quarter valued at about $655,000. Finally, Vanguard Group Inc. grew its holdings in shares of Enlight Renewable Energy by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,001,391 shares of the company’s stock valued at $67,704,000 after acquiring an additional 29,249 shares in the last quarter. 38.89% of the stock is currently owned by institutional investors and hedge funds.

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.