ENLT vs. RNW, CEPU, AY, NEP, AMPS, ORA, CWEN, BEPC, ARRY, and VTLE
Should you be buying Enlight Renewable Energy stock or one of its competitors? The main competitors of Enlight Renewable Energy include ReNew Energy Global (RNW), Central Puerto (CEPU), Atlantica Sustainable Infrastructure (AY), NextEra Energy Partners (NEP), Altus Power (AMPS), Ormat Technologies (ORA), Clearway Energy (CWEN), Brookfield Renewable (BEPC), Array Technologies (ARRY), and Vital Energy (VTLE). These companies are all part of the "oils/energy" sector.
Enlight Renewable Energy (NASDAQ:ENLT) and ReNew Energy Global (NASDAQ:RNW) are both mid-cap oils/energy companies, but which is the superior business? We will compare the two companies based on the strength of their earnings, valuation, analyst recommendations, media sentiment, risk, community ranking, dividends, profitability and institutional ownership.
Enlight Renewable Energy currently has a consensus price target of $18.75, suggesting a potential upside of 2.35%. ReNew Energy Global has a consensus price target of $8.35, suggesting a potential upside of 40.81%. Given ReNew Energy Global's stronger consensus rating and higher possible upside, analysts clearly believe ReNew Energy Global is more favorable than Enlight Renewable Energy.
Enlight Renewable Energy has a net margin of 23.15% compared to ReNew Energy Global's net margin of 3.61%. Enlight Renewable Energy's return on equity of 4.47% beat ReNew Energy Global's return on equity.
Enlight Renewable Energy has a beta of 1.68, meaning that its stock price is 68% more volatile than the S&P 500. Comparatively, ReNew Energy Global has a beta of 0.91, meaning that its stock price is 9% less volatile than the S&P 500.
In the previous week, ReNew Energy Global had 3 more articles in the media than Enlight Renewable Energy. MarketBeat recorded 8 mentions for ReNew Energy Global and 5 mentions for Enlight Renewable Energy. ReNew Energy Global's average media sentiment score of 0.78 beat Enlight Renewable Energy's score of -0.29 indicating that ReNew Energy Global is being referred to more favorably in the news media.
ReNew Energy Global received 3 more outperform votes than Enlight Renewable Energy when rated by MarketBeat users. However, 78.57% of users gave Enlight Renewable Energy an outperform vote while only 42.42% of users gave ReNew Energy Global an outperform vote.
38.9% of Enlight Renewable Energy shares are held by institutional investors. Comparatively, 43.6% of ReNew Energy Global shares are held by institutional investors. 8.7% of ReNew Energy Global shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
Enlight Renewable Energy has higher earnings, but lower revenue than ReNew Energy Global. Enlight Renewable Energy is trading at a lower price-to-earnings ratio than ReNew Energy Global, indicating that it is currently the more affordable of the two stocks.
Summary
ReNew Energy Global beats Enlight Renewable Energy on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ENLT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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