Shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $15.75, but opened at $15.05. Enlight Renewable Energy shares last traded at $15.01, with a volume of 1,265 shares traded.
Wall Street Analyst Weigh In
Separately, Roth Mkm restated a "buy" rating and issued a $20.00 price target on shares of Enlight Renewable Energy in a research report on Wednesday, August 14th.
Read Our Latest Stock Report on ENLT
Enlight Renewable Energy Stock Performance
The stock's 50-day moving average price is $15.91 and its 200 day moving average price is $16.35. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $1.75 billion, a P/E ratio of 33.56 and a beta of 1.71.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of ENLT. Swiss National Bank increased its holdings in shares of Enlight Renewable Energy by 1.3% during the first quarter. Swiss National Bank now owns 236,337 shares of the company's stock worth $3,954,000 after buying an additional 3,045 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Enlight Renewable Energy by 0.7% during 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 during the last quarter. Quadrature Capital Ltd bought a new position in Enlight Renewable Energy during the first quarter valued at about $377,000. Tidal Investments LLC purchased a new position in Enlight Renewable Energy in the first quarter valued at approximately $254,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in Enlight Renewable Energy by 3.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,619,180 shares of the company's stock worth $42,326,000 after acquiring an additional 76,873 shares during the last quarter. Institutional investors 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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