Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report) shares shot up 3.9% during mid-day trading on Friday . The stock traded as high as $16.23 and last traded at $16.93. 6,764 shares traded hands during trading, a decline of 60% from the average session volume of 17,062 shares. The stock had previously closed at $16.29.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Wolfe Research lowered shares of Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research note on Thursday, February 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Enlight Renewable Energy in a research report on Thursday, March 6th. They issued a "buy" rating and a $22.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Enlight Renewable Energy presently has an average rating of "Moderate Buy" and an average target price of $20.25.
Get Our Latest Stock Report on Enlight Renewable Energy
Enlight Renewable Energy Stock Down 0.3 %
The company's 50-day simple moving average is $16.79 and its two-hundred day simple moving average is $16.39. The firm has a market capitalization of $1.83 billion, a P/E ratio of 43.89 and a beta of 1.38. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.22 and a quick ratio of 0.53.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $114.21 million for the quarter, compared to the consensus estimate of $289.04 million. As a group, research analysts expect that Enlight Renewable Energy Ltd will post 0.41 earnings per share for the current year.
Institutional Investors Weigh In On Enlight Renewable Energy
A number of institutional investors and hedge funds have recently bought and sold shares of ENLT. Edmond DE Rothschild Holding S.A. grew its position 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 in the last quarter. Russell Investments Group Ltd. purchased a new stake in Enlight Renewable Energy during the 4th quarter valued at approximately $145,000. Jane Street Group LLC bought a new stake in shares of Enlight Renewable Energy during the fourth quarter valued at approximately $196,000. Advisors Asset Management Inc. raised its position in shares of Enlight Renewable Energy by 1,181.5% during the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company's stock valued at $241,000 after buying an additional 13,150 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Enlight Renewable Energy by 11.3% in the third quarter. Tidal Investments LLC now owns 18,241 shares of the company's stock worth $308,000 after buying an additional 1,852 shares in the last quarter. 38.89% of the stock is owned by institutional investors.
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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