Roth Capital Brokers Raise Earnings Estimates for ENLT

Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) - Investment analysts at Roth Capital raised their Q4 2024 earnings per share estimates for shares of Enlight Renewable Energy in a research report issued to clients and investors on Tuesday, February 18th. Roth Capital analyst J. Clare now anticipates that the company will post earnings per share of $0.02 for the quarter, up from their previous forecast of ($0.01). The consensus estimate for Enlight Renewable Energy's current full-year earnings is $0.41 per share. Roth Capital also issued estimates for Enlight Renewable Energy's Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.05 EPS and FY2025 earnings at $0.31 EPS.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $114.21 million for the quarter, compared to analyst estimates of $289.04 million.

Other analysts also recently issued research reports about the company. Wolfe Research downgraded Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research note on Thursday. Barclays raised their price objective on Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. raised their price objective on Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd.

Enlight Renewable Energy Trading Down 0.4 %

Enlight Renewable Energy stock traded down $0.07 during mid-day trading on Thursday, hitting $17.95. 9,528 shares of the company's stock were exchanged, compared to its average volume of 18,004. The firm has a market capitalization of $2.05 billion, a P/E ratio of 49.86 and a beta of 1.51. Enlight Renewable Energy has a fifty-two week low of $14.09 and a fifty-two week high of $18.48. 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's 50 day simple moving average is $16.74 and its 200-day simple moving average is $16.27.

Institutional Trading of Enlight Renewable Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Y.D. More Investments Ltd raised its stake in shares of Enlight Renewable Energy by 18.6% in 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 during the period. JPMorgan Chase & Co. acquired a new stake in shares of Enlight Renewable Energy in the 3rd quarter valued at about $4,901,000. Barclays PLC raised its stake in shares of Enlight Renewable Energy by 4,278.2% in the 3rd quarter. Barclays PLC now owns 25,525 shares of the company's stock valued at $432,000 after purchasing an additional 24,942 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Enlight Renewable Energy in the 3rd quarter valued at about $655,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Enlight Renewable Energy by 4.2% in 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 purchasing an additional 353,750 shares during the period. Institutional investors and hedge funds own 38.89% of the company's stock.

About Enlight Renewable Energy

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.