Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report) shares saw unusually-strong trading volume on Friday after JPMorgan Chase & Co. raised their price target on the stock from $17.00 to $18.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Approximately 73,699 shares traded hands during trading, an increase of 328% from the previous session's volume of 17,220 shares.The stock last traded at $16.36 and had previously closed at $16.46.
Separately, Barclays lifted their price objective on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, November 15th.
Get Our Latest Analysis on ENLT
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in ENLT. 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 valued at $147,885,000 after purchasing an additional 353,750 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Enlight Renewable Energy during the third quarter valued at about $4,901,000. 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. Barclays PLC lifted its position in shares of Enlight Renewable Energy by 4,278.2% during the third quarter. Barclays PLC now owns 25,525 shares of the company's stock valued at $432,000 after purchasing an additional 24,942 shares in the last quarter. Finally, Susquehanna International Group Ltd. bought a new position in shares of Enlight Renewable Energy during the second quarter valued at about $253,000. 38.89% of the stock is owned by institutional investors.
Enlight Renewable Energy Price Performance
The company has a market capitalization of $1.89 billion, a P/E ratio of 37.25 and a beta of 1.53. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.64. The business's 50-day moving average is $16.60 and its two-hundred day moving average is $16.19.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.03 by $0.09. The business had revenue of $109.50 million for the quarter, compared to analyst estimates of $83.09 million. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. The company's revenue for the quarter was up 87.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. As a group, analysts predict that Enlight Renewable Energy Ltd will post 0.07 earnings per share for the current year.
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.
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