Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 122,900 shares, a growth of 47.4% from the February 13th total of 83,400 shares. Based on an average daily trading volume, of 18,200 shares, the short-interest ratio is currently 6.8 days. Currently, 0.1% of the company's stock are sold short.
Hedge Funds Weigh In On Enlight Renewable Energy
A number of institutional investors have recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd increased its holdings in Enlight Renewable Energy by 4.2% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company's stock worth $147,885,000 after buying an additional 353,750 shares during the last quarter. Meitav Investment House Ltd. increased its holdings in 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 buying an additional 229,255 shares during the last quarter. Vanguard Group Inc. increased its holdings in Enlight Renewable Energy by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 4,158,533 shares of the company's stock worth $71,926,000 after buying an additional 35,555 shares during the last quarter. Y.D. More Investments Ltd increased its holdings in Enlight Renewable Energy by 18.6% during the fourth quarter. Y.D. More Investments Ltd now owns 3,068,179 shares of the company's stock worth $53,043,000 after buying an additional 482,129 shares during the last quarter. Finally, Phoenix Financial Ltd. increased its holdings in Enlight Renewable Energy by 42.2% during the fourth quarter. Phoenix Financial Ltd. now owns 1,254,495 shares of the company's stock worth $21,634,000 after buying an additional 372,403 shares during the last quarter. 38.89% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have commented on ENLT. JPMorgan Chase & Co. raised their target price on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Enlight Renewable Energy in a report on Thursday, March 6th. They set a "buy" rating and a $22.00 target price on the stock. Finally, Wolfe Research downgraded shares of Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.25.
Read Our Latest Stock Report on ENLT
Enlight Renewable Energy Stock Down 1.1 %
Shares of ENLT stock traded down $0.19 during trading on Monday, reaching $17.21. The company's stock had a trading volume of 8,713 shares, compared to its average volume of 14,359. The business has a fifty day moving average price of $16.82 and a 200-day moving average price of $16.38. The company has a quick ratio of 0.53, a current ratio of 1.22 and a debt-to-equity ratio of 1.98. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 47.81 and a beta of 1.38. Enlight Renewable Energy has a one year low of $14.09 and a one year high of $18.48.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.17. The business had revenue of $114.21 million for the quarter, compared to analyst estimates of $289.04 million. Enlight Renewable Energy had a net margin of 11.09% and a return on equity of 3.03%. Analysts anticipate that Enlight Renewable Energy will post 0.41 earnings per share for the current year.
Enlight Renewable Energy Company Profile
(
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.
Further Reading
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
