Roth Capital Has Negative Forecast for ENLT FY2026 Earnings

Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) - Equities researchers at Roth Capital reduced their FY2026 earnings per share estimates for shares of Enlight Renewable Energy in a note issued to investors on Tuesday, February 18th. Roth Capital analyst J. Clare now anticipates that the company will earn $0.34 per share for the year, down from their prior forecast of $0.44. The consensus estimate for Enlight Renewable Energy's current full-year earnings is $0.41 per share.

Several other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Wolfe Research cut Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a report on Thursday. Finally, Barclays raised their price objective on Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday, November 15th.

Enlight Renewable Energy Price Performance

Shares of Enlight Renewable Energy stock traded down $0.07 on Wednesday, hitting $17.95. The company's stock had a trading volume of 9,528 shares, compared to its average volume of 17,994. Enlight Renewable Energy has a 52-week low of $14.09 and a 52-week high of $18.48. The firm has a fifty day moving average price of $16.74 and a 200-day moving average price of $16.27. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $2.05 billion, a P/E ratio of 49.86 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its 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 3.02% 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.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ENLT. Clal Insurance Enterprises Holdings Ltd raised its holdings 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 valued at $147,885,000 after buying an additional 353,750 shares during the period. Meitav Investment House Ltd. increased 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 acquiring an additional 229,255 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Enlight Renewable Energy by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 4,158,533 shares of the company's stock valued at $71,926,000 after purchasing an additional 35,555 shares during the last quarter. Y.D. More Investments Ltd grew its stake in Enlight Renewable Energy by 18.6% during the 4th quarter. Y.D. More Investments Ltd now owns 3,068,179 shares of the company's stock valued at $53,043,000 after purchasing an additional 482,129 shares in the last quarter. Finally, Phoenix Financial Ltd. raised its position in shares of Enlight Renewable Energy by 42.2% in the 4th quarter. Phoenix Financial Ltd. now owns 1,254,495 shares of the company's stock valued at $21,634,000 after purchasing an additional 372,403 shares in the last quarter. 38.89% of the stock is owned by hedge funds and other institutional investors.

Enlight Renewable Energy Company Profile

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.