Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 14,427 shares traded hands during mid-day trading, a decline of 9% from the previous session's volume of 15,939 shares.The stock last traded at $15.46 and had previously closed at $15.05.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on ENLT shares. JPMorgan Chase & Co. boosted their price objective on Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft started coverage on Enlight Renewable Energy in a research report on Thursday, March 6th. They set a "buy" rating and a $22.00 price target for the company. Finally, 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $20.25.
Get Our Latest Stock Analysis on Enlight Renewable Energy
Enlight Renewable Energy Trading Up 3.0 %
The company has a debt-to-equity ratio of 1.98, a current ratio of 1.22 and a quick ratio of 0.53. The business has a fifty day moving average of $16.47 and a 200-day moving average of $16.34. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 41.33 and a beta of 1.26.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.17. Enlight Renewable Energy had a net margin of 11.09% and a return on equity of 3.03%. The company had revenue of $114.21 million for the quarter, compared to analysts' expectations of $289.04 million. On average, equities analysts anticipate that Enlight Renewable Energy Ltd will post 0.41 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Enlight Renewable Energy
A number of hedge funds and other institutional investors have recently modified their holdings of ENLT. Meitav Investment House Ltd. lifted its stake in Enlight Renewable Energy by 4.0% during the fourth quarter. Meitav Investment House Ltd. now owns 5,901,179 shares of the company's stock valued at $101,910,000 after buying an additional 229,255 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Enlight Renewable Energy by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 4,158,533 shares of the company's stock valued at $71,926,000 after acquiring an additional 35,555 shares during the period. Y.D. More Investments Ltd lifted its position in shares of Enlight Renewable Energy by 18.6% in the 4th quarter. Y.D. More Investments Ltd now owns 3,068,179 shares of the company's stock valued at $53,043,000 after acquiring an additional 482,129 shares in the last quarter. Phoenix Financial Ltd. boosted its stake in Enlight Renewable Energy by 42.2% in the 4th quarter. Phoenix Financial Ltd. now owns 1,254,495 shares of the company's stock worth $21,634,000 after purchasing an additional 372,403 shares during the period. Finally, Legal & General Group Plc grew its position in Enlight Renewable Energy by 5.7% during the 4th quarter. Legal & General Group Plc now owns 504,508 shares of the company's stock worth $8,730,000 after purchasing an additional 27,248 shares in the last quarter. Institutional investors and hedge funds own 38.89% of the company's stock.
Enlight Renewable Energy Company Profile
(
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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