Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $15.03, but opened at $14.29. Enlight Renewable Energy shares last traded at $14.13, with a volume of 7,864 shares trading hands.
Wall Street Analysts Forecast Growth
ENLT has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Enlight Renewable Energy in a research note on Thursday, March 6th. They issued a "buy" rating and a $22.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on Enlight Renewable Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Finally, Wolfe Research lowered Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $20.25.
Read Our Latest Analysis on ENLT
Enlight Renewable Energy Price Performance
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's 50 day moving average price is $16.47 and its 200 day moving average price is $16.34. The stock has a market capitalization of $1.76 billion, a P/E ratio of 42.25 and a beta of 1.26.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.17. The business had revenue of $114.21 million during the quarter, compared to the consensus estimate of $289.04 million. Enlight Renewable Energy had a net margin of 11.09% and a return on equity of 3.03%. Sell-side analysts forecast that Enlight Renewable Energy Ltd will post 0.41 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Y.D. More Investments Ltd raised its position in Enlight Renewable Energy by 18.6% in 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 period. Phoenix Financial Ltd. grew its position in shares of Enlight Renewable Energy by 42.2% during the 4th quarter. Phoenix Financial Ltd. now owns 1,254,495 shares of the company's stock valued at $21,634,000 after acquiring an additional 372,403 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Enlight Renewable Energy in the 3rd quarter worth $4,901,000. Meitav Investment House Ltd. raised its holdings in Enlight Renewable Energy by 4.0% in 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. Finally, Norges Bank bought a new position in Enlight Renewable Energy in the 4th quarter worth $3,631,000. 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.
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