Deutsche Bank Aktiengesellschaft started coverage on shares of Enlight Renewable Energy (NASDAQ:ENLT - Free Report) in a research report sent to investors on Thursday morning, MarketBeat.com reports. The firm issued a buy rating and a $22.00 target price on the stock.
Several other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Wolfe Research cut shares of Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research note on Thursday, February 20th. Finally, Barclays raised their price objective on Enlight Renewable Energy from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Enlight Renewable Energy currently has a consensus rating of "Moderate Buy" and an average target price of $20.25.
Get Our Latest Stock Analysis on ENLT
Enlight Renewable Energy Trading Up 3.0 %
Enlight Renewable Energy stock traded up $0.50 during mid-day trading on Thursday, hitting $17.11. 18,734 shares of the stock were exchanged, compared to its average volume of 15,496. Enlight Renewable Energy has a 12 month low of $14.09 and a 12 month high of $18.48. The firm's fifty day simple moving average is $16.85 and its two-hundred day simple moving average is $16.35. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 47.53 and a beta of 1.38. The company has a quick ratio of 0.53, a current ratio of 1.22 and a debt-to-equity ratio of 1.98.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.17. Enlight Renewable Energy had a return on equity of 3.03% and a net margin of 11.09%. The business had revenue of $114.21 million for the quarter, compared to the consensus estimate of $289.04 million. Analysts forecast that Enlight Renewable Energy will post 0.41 EPS for the current year.
Institutional Investors Weigh In On Enlight Renewable Energy
A number of hedge funds have recently modified their holdings of ENLT. Y.D. More Investments Ltd boosted its position in shares of Enlight Renewable Energy by 18.6% during the fourth quarter. Y.D. More Investments Ltd now owns 3,068,179 shares of the company's stock worth $53,043,000 after acquiring an additional 482,129 shares during the last quarter. Phoenix Financial Ltd. grew its stake in shares of Enlight Renewable Energy by 42.2% during the fourth quarter. Phoenix Financial Ltd. now owns 1,254,495 shares of the company's stock valued at $21,634,000 after buying an additional 372,403 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position 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 worth $147,885,000 after purchasing an additional 353,750 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Enlight Renewable Energy in the 3rd quarter worth about $4,901,000. Finally, Meitav Investment House Ltd. increased its holdings in Enlight Renewable Energy by 4.0% during the 4th quarter. Meitav Investment House Ltd. now owns 5,901,179 shares of the company's stock worth $101,910,000 after purchasing an additional 229,255 shares during the period. Institutional investors own 38.89% of the company's stock.
About Enlight Renewable Energy
(
Get Free Report)
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.
Recommended Stories

Before you consider Enlight Renewable Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enlight Renewable Energy wasn't on the list.
While Enlight Renewable Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.