Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $16.69, but opened at $17.07. Enlight Renewable Energy shares last traded at $17.10, with a volume of 2,379 shares changing hands.
Analyst Upgrades and Downgrades
ENLT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Enlight Renewable Energy in a report on Thursday, March 6th. They issued a "buy" rating and a $22.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Barclays upped their target price on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Finally, Wolfe Research lowered Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.25.
Get Our Latest Stock Analysis on Enlight Renewable Energy
Enlight Renewable Energy Stock Performance
The company's fifty day simple moving average is $16.83 and its two-hundred day simple moving average is $16.37. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 47.25 and a beta of 1.38. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.53 and a current ratio of 1.22.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its quarterly 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. Enlight Renewable Energy had a return on equity of 3.03% and a net margin of 11.09%. The business had revenue of $114.21 million during the quarter, compared to the consensus estimate of $289.04 million. Equities research analysts predict 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 have recently added to or reduced their stakes in the business. 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 in the last quarter. Phoenix Financial Ltd. lifted 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 last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Enlight Renewable Energy by 4.2% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company's stock worth $147,885,000 after acquiring an additional 353,750 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Enlight Renewable Energy in the 3rd quarter worth $4,901,000. Finally, Meitav Investment House Ltd. raised its position in shares of 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 worth $101,910,000 after purchasing an additional 229,255 shares during the period. Institutional investors and hedge funds 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Enlight Renewable Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enlight Renewable Energy wasn't on the list.
While Enlight Renewable Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
