Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Given Consensus Rating of “Hold” by Analysts

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) has been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $41.8333.

Several research firms have recently weighed in on ENLT. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $35.00 price objective on shares of Enlight Renewable Energy in a research report on Monday, December 8th. Roth Mkm raised their price objective on shares of Enlight Renewable Energy from $30.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $38.00 price objective on shares of Enlight Renewable Energy in a research note on Wednesday, January 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Monday, December 29th. Finally, Barclays lifted their price target on shares of Enlight Renewable Energy from $34.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Pictet Asset Management Holding SA raised its stake in Enlight Renewable Energy by 1.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 122,828 shares of the company’s stock valued at $5,580,000 after acquiring an additional 1,372 shares during the period. Vanguard Group Inc. lifted its position in shares of Enlight Renewable Energy by 11.3% during the fourth quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company’s stock worth $225,058,000 after acquiring an additional 503,060 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Enlight Renewable Energy by 26.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,621 shares of the company’s stock valued at $2,618,000 after purchasing an additional 11,994 shares during the period. V Square Quantitative Management LLC purchased a new stake in Enlight Renewable Energy during the 4th quarter worth about $56,000. Finally, Y.D. More Investments Ltd increased its position in shares of Enlight Renewable Energy by 4.5% during the fourth quarter. Y.D. More Investments Ltd now owns 5,837,263 shares of the company’s stock valued at $264,965,000 after buying an additional 252,446 shares during the period. Hedge funds and other institutional investors own 38.89% of the company’s stock.

Enlight Renewable Energy Trading Down 0.7%

Shares of ENLT stock opened at $57.89 on Friday. Enlight Renewable Energy has a 1-year low of $14.01 and a 1-year high of $58.88. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a 50-day moving average of $45.87 and a 200-day moving average of $35.47.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.09. The firm had revenue of $165.06 million during the quarter, compared to analyst estimates of $146.04 million. Enlight Renewable Energy had a net margin of 22.60% and a return on equity of 7.41%. As a group, analysts expect that Enlight Renewable Energy will post 0.41 earnings per share for the current year.

Enlight Renewable Energy Company Profile

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) is an independent power producer specializing in the development, financing, construction and operation of renewable energy assets. The company’s portfolio encompasses utility-scale solar photovoltaic (PV) farms, onshore wind farms and energy storage facilities. By providing end-to-end project management—from site identification and feasibility studies through engineering procurement and construction (EPC) to long-term operations and maintenance—Enlight seeks to deliver reliable clean power under long-term power purchase agreements (PPAs).

Founded in 2008 and headquartered in Tel Aviv, Enlight has pursued an international growth strategy with operational and development projects in Israel and Western Europe.