Roth Capital Issues Pessimistic Forecast for ENLT Earnings

Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) - Research analysts at Roth Capital decreased their Q4 2024 earnings per share estimates for shares of Enlight Renewable Energy in a note issued to investors on Wednesday, November 13th. Roth Capital analyst J. Clare now forecasts that the company will post earnings per share of ($0.01) for the quarter, down from their prior estimate of $0.10. The consensus estimate for Enlight Renewable Energy's current full-year earnings is $0.18 per share. Roth Capital also issued estimates for Enlight Renewable Energy's FY2025 earnings at $0.22 EPS.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.09. Enlight Renewable Energy had a return on equity of 3.34% and a net margin of 13.58%. The business had revenue of $109.50 million during the quarter, compared to the consensus estimate of $83.09 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The firm's quarterly revenue was up 87.8% compared to the same quarter last year.

Several other equities analysts also recently weighed in on ENLT. Roth Mkm restated a "buy" rating and set a $20.00 price target on shares of Enlight Renewable Energy in a report on Wednesday, August 14th. Barclays lifted their target price on Enlight Renewable Energy from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday.

Enlight Renewable Energy Stock Up 1.0 %

Shares of NASDAQ:ENLT traded up $0.17 on Monday, hitting $16.40. 8,761 shares of the company traded hands, compared to its average volume of 25,913. Enlight Renewable Energy has a 52 week low of $14.09 and a 52 week high of $20.00. The company has a quick ratio of 0.59, a current ratio of 0.53 and a debt-to-equity ratio of 1.64. The stock has a 50 day simple moving average of $15.88 and a 200-day simple moving average of $16.34. The company has a market cap of $1.90 billion, a PE ratio of 36.89 and a beta of 1.71.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ENLT. Geode Capital Management LLC boosted its stake in shares of Enlight Renewable Energy by 0.9% in the third quarter. Geode Capital Management LLC now owns 103,590 shares of the company's stock worth $1,751,000 after buying an additional 907 shares during the last quarter. Swiss National Bank boosted its position in Enlight Renewable Energy by 1.3% during the first quarter. Swiss National Bank now owns 236,337 shares of the company's stock worth $3,954,000 after purchasing an additional 3,045 shares in the last quarter. Advisors Asset Management Inc. boosted its position in 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 worth $241,000 after purchasing an additional 13,150 shares in the last quarter. Tidal Investments LLC purchased a new position in Enlight Renewable Energy during the first quarter worth approximately $254,000. Finally, Susquehanna International Group Ltd. purchased a new position in Enlight Renewable Energy during the second quarter worth approximately $253,000. 38.89% of the stock is owned by institutional investors and hedge funds.

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.