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

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.

Key Stats

• Today's Range: $15.59 to $16.00
• 50-Day Range: $14.93 to $16.84
• 52-Week Range: $14.09 to $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

Enlight Renewable Energy Stock Analysis - 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.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

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.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -26.67%

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.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

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

• Score: 0.0 / 5
• Dividend Strength: N/A

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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

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 and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.08

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.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Enlight Renewable Energy insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 38.89% of the stock of Enlight Renewable Energy is held by institutions.

ENLT Stock Analysis - Frequently Asked Questions

How have ENLT shares performed this year?

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.

How were Enlight Renewable Energy's earnings last quarter?

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.

When did Enlight Renewable Energy IPO?

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.

Who are Enlight Renewable Energy's major shareholders?

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%).

How do I buy shares of Enlight Renewable Energy?

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.

What other stocks do shareholders of Enlight Renewable Energy own?

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

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Electric services
• Sub-Industry: Utilities
• Current Symbol: NASDAQ:ENLT
• CUSIP: N/A
• CIK: 1922641
• Web: www.enlightenergy.co.il
• Phone: 972-3900-8700
• 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

• EPS (Most Recent Fiscal Year): $0.44
• Trailing P/E Ratio: 35.93
• Forward P/E Ratio: 105.40
• P/E Growth: N/A
• Net Income: $70.92 million
• Net Margins: 13.58%
• Pretax Margin: 26.07%
• Return on Equity: 3.34%
• Return on Assets: 1.01%

Debt

• Debt-to-Equity Ratio: 1.64
• Current Ratio: 0.53
• Quick Ratio: 0.53

Sales & Book Value

• Annual Sales: $358.42 million
• Price / Sales: 5.10
• Cash Flow: $1.15 per share
• Price / Cash Flow: 13.72
• Book Value: $12.42 per share
• Price / Book: 1.27

Miscellaneous

• Outstanding Shares: 115,582,000
• Free Float: N/A
• Market Cap: $1.83 billion
• Optionable: Optionable
• Beta: 1.69