Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $16.90, but opened at $16.30. Enlight Renewable Energy shares last traded at $17.20, with a volume of 655 shares traded.
Wall Street Analysts Forecast Growth
ENLT has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Barclays upped 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.
View Our Latest Report on ENLT
Enlight Renewable Energy Stock Up 0.4 %
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 company's 50 day moving average price is $16.65 and its 200 day moving average price is $16.23. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 38.75 and a beta of 1.51.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Enlight Renewable Energy by 51.0% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,850 shares of the company's stock worth $32,000 after purchasing an additional 625 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Enlight Renewable Energy in the 4th quarter valued at $145,000. Jane Street Group LLC purchased a new stake in shares of Enlight Renewable Energy in the 4th quarter valued at $196,000. Advisors Asset Management Inc. increased its stake in shares of Enlight Renewable Energy by 1,181.5% in the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company's stock worth $241,000 after acquiring an additional 13,150 shares during the period. Finally, Tidal Investments LLC raised its holdings in shares of Enlight Renewable Energy by 11.3% during the third quarter. Tidal Investments LLC now owns 18,241 shares of the company's stock worth $308,000 after purchasing an additional 1,852 shares during the last quarter. 38.89% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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