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NASDAQ:ENLT

Enlight Renewable Energy (ENLT) Stock Price, News & Analysis

Enlight Renewable Energy logo
$15.81 +0.35 (+2.26%)
(As of 12/20/2024 05:16 PM ET)

About Enlight Renewable Energy Stock (NASDAQ:ENLT)

Key Stats

Today's Range
$15.59
$16.00
50-Day Range
$14.93
$16.84
52-Week Range
$14.09
$19.82
Volume
4,355 shs
Average Volume
25,948 shs
Market Capitalization
$1.83 billion
P/E Ratio
35.93
Dividend Yield
N/A
Price Target
$19.00
Consensus Rating
Moderate Buy

Company Overview

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. The company was incorporated in 1981 and is headquartered in Rosh Haayin, Israel.

Enlight Renewable Energy Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
28th Percentile Overall Score

ENLT MarketRank™: 

Enlight Renewable Energy scored higher than 28% of companies evaluated by MarketBeat, and ranked 229th out of 272 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Enlight Renewable Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Enlight Renewable Energy has only been the subject of 1 research reports in the past 90 days.

  • Read more about Enlight Renewable Energy's stock forecast and price target.
  • Earnings Growth

    Earnings for Enlight Renewable Energy are expected to decrease by -26.67% in the coming year, from $0.15 to $0.11 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Enlight Renewable Energy is 35.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.39.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Enlight Renewable Energy is 35.93, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.15.

  • Price to Book Value per Share Ratio

    Enlight Renewable Energy has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.09% of the float of Enlight Renewable Energy has been sold short.
  • Short Interest Ratio / Days to Cover

    Enlight Renewable Energy has a short interest ratio ("days to cover") of 9.6.
  • Change versus previous month

    Short interest in Enlight Renewable Energy has recently decreased by 8.47%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Enlight Renewable Energy does not currently pay a dividend.

  • Dividend Growth

    Enlight Renewable Energy does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    0.09% of the float of Enlight Renewable Energy has been sold short.
  • Short Interest Ratio / Days to Cover

    Enlight Renewable Energy has a short interest ratio ("days to cover") of 9.6.
  • Change versus previous month

    Short interest in Enlight Renewable Energy has recently decreased by 8.47%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Enlight Renewable Energy has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for Enlight Renewable Energy this week, compared to 2 articles on an average week.
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ENLT Stock News Headlines

Enlight Renewable says Atrisco Solar & Storage project now complete
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ENLT Stock Analysis - Frequently Asked Questions

Enlight Renewable Energy's stock was trading at $19.14 at the start of the year. Since then, ENLT stock has decreased by 17.4% and is now trading at $15.81.
View the best growth stocks for 2024 here
.

Enlight Renewable Energy Ltd (NASDAQ:ENLT) released its quarterly earnings results on Wednesday, November, 13th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.09. The firm's revenue for the quarter was up 87.8% compared to the same quarter last year.

Enlight Renewable Energy (ENLT) raised $252 million in an IPO on Friday, February 10th 2023. The company issued 14,000,000 shares at $18.00 per share.

Enlight Renewable Energy's top institutional shareholders include Clal Insurance Enterprises Holdings Ltd (7.59%), Meitav Investment House Ltd. (4.91%), Assenagon Asset Management S.A. (0.38%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (0.27%).

Shares of ENLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Enlight Renewable Energy investors own include NVIDIA (NVDA), Novo Nordisk A/S (NVO), Meta Platforms (META), Honeywell International (HON), PepsiCo (PEP), Caterpillar (CAT) and QUALCOMM (QCOM).

Company Calendar

Last Earnings
11/13/2024
Today
12/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Utilities
Current Symbol
NASDAQ:ENLT
Fax
N/A
Employees
100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.00
High Stock Price Target
$21.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+20.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$70.92 million
Pretax Margin
26.07%

Debt

Sales & Book Value

Annual Sales
$358.42 million
Cash Flow
$1.15 per share
Book Value
$12.42 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.83 billion
Optionable
Optionable
Beta
1.69
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This page (NASDAQ:ENLT) was last updated on 12/22/2024 by MarketBeat.com Staff
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