Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $16.65, but opened at $16.09. Enlight Renewable Energy shares last traded at $16.09, with a volume of 557 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Roth Mkm reiterated a "buy" rating and issued a $20.00 target price on shares of Enlight Renewable Energy in a research note on Wednesday, August 14th.
Get Our Latest Stock Report on ENLT
Enlight Renewable Energy Stock Down 4.4 %
The business's 50 day moving average price is $16.02 and its 200-day moving average price is $16.40. 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 company has a market cap of $1.84 billion, a P/E ratio of 31.22 and a beta of 1.69.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. Enlight Renewable Energy had a net margin of 18.61% and a return on equity of 3.97%. The firm had revenue of $84.70 million during the quarter, compared to analysts' expectations of $76.23 million. During the same quarter in the previous year, the company posted $0.12 EPS. Enlight Renewable Energy's revenue was up 61.0% on a year-over-year basis. On average, analysts anticipate that Enlight Renewable Energy Ltd will post 0.26 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of ENLT. Tidal Investments LLC bought a new stake in shares of Enlight Renewable Energy during the 1st quarter valued at $254,000. Susquehanna International Group Ltd. bought a new stake in shares of Enlight Renewable Energy during the 2nd quarter valued at $253,000. Capstone Investment Advisors LLC raised its position in shares of Enlight Renewable Energy by 9.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the company's stock valued at $369,000 after acquiring an additional 1,800 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Enlight Renewable Energy during the 1st quarter valued at $377,000. Finally, Swiss National Bank raised its position in shares of Enlight Renewable Energy by 1.3% during the 1st quarter. Swiss National Bank now owns 236,337 shares of the company's stock valued at $3,954,000 after acquiring an additional 3,045 shares during the last quarter. Institutional investors 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.
Featured Articles
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
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
