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

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) has received an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $43.50.

ENLT has been the subject of a number of recent research reports. Mizuho set a $37.00 price objective on shares of Enlight Renewable Energy in a research note on Monday. UBS Group increased their price target on shares of Enlight Renewable Energy to $65.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $38.00 target price on shares of Enlight Renewable Energy in a report on Wednesday, January 7th. Finally, Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th.

Hedge Funds Weigh In On Enlight Renewable Energy

Several institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its position in Enlight Renewable Energy by 0.9% in the fourth quarter. Advisors Asset Management Inc. now owns 26,865 shares of the company’s stock valued at $1,221,000 after buying an additional 251 shares in the last quarter. Mariner LLC raised its stake in shares of Enlight Renewable Energy by 4.1% in the third quarter. Mariner LLC now owns 10,070 shares of the company’s stock valued at $314,000 after acquiring an additional 396 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Enlight Renewable Energy by 1.0% in the third quarter. Public Employees Retirement System of Ohio now owns 45,693 shares of the company’s stock valued at $1,409,000 after acquiring an additional 472 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Enlight Renewable Energy by 6.0% in the 2nd quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock worth $258,000 after acquiring an additional 641 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Enlight Renewable Energy by 6.4% during the 2nd quarter. Bank of Montreal Can now owns 11,021 shares of the company’s stock worth $251,000 after acquiring an additional 660 shares during the last quarter. 38.89% of the stock is owned by institutional investors.

Enlight Renewable Energy Trading Up 2.3%

Shares of ENLT stock opened at $71.68 on Tuesday. Enlight Renewable Energy has a 12 month low of $14.01 and a 12 month high of $81.28. The stock has a 50 day moving average of $54.22 and a two-hundred day moving average of $40.31. The company has a current ratio of 0.67, a quick ratio of 0.88 and a debt-to-equity ratio of 2.03.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its earnings results on Tuesday, February 17th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.17. The business had revenue of $124.19 million during the quarter, compared to analyst estimates of $146.12 million. Enlight Renewable Energy had a return on equity of 7.35% and a net margin of 22.69%. On average, research analysts expect that Enlight Renewable Energy will post 0.41 EPS for the current year.

About Enlight Renewable Energy

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.