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

Shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT) have received an average recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Two investment 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 twelve-month target price among analysts that have issued a report on the stock in the last year is $43.50.

Several research firms have weighed in on ENLT. Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Monday, December 29th. UBS Group increased their target price on shares of Enlight Renewable Energy to $65.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $35.00 target price on shares of Enlight Renewable Energy in a research note on Monday, December 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $38.00 price target on shares of Enlight Renewable Energy in a report on Wednesday, January 7th.

Enlight Renewable Energy Stock Performance

Shares of Enlight Renewable Energy stock opened at $71.47 on Friday. Enlight Renewable Energy has a 12 month low of $14.01 and a 12 month high of $81.28. The company has a quick ratio of 0.88, a current ratio of 0.67 and a debt-to-equity ratio of 2.03. The stock has a market cap of $8.47 billion, a PE ratio of 70.07, a price-to-earnings-growth ratio of 10.34 and a beta of 1.29. The business has a fifty day simple moving average of $64.56 and a 200-day simple moving average of $46.23.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.17. The firm had revenue of $124.19 million for 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, sell-side analysts anticipate that Enlight Renewable Energy will post 0.41 EPS for the current fiscal year.

Institutional Trading of Enlight Renewable Energy

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in Enlight Renewable Energy by 256.1% in the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock valued at $28,000 after purchasing an additional 881 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Enlight Renewable Energy during the 4th quarter worth about $56,000. Savant Capital LLC acquired a new stake in shares of Enlight Renewable Energy during the 4th quarter valued at about $241,000. Mackenzie Financial Corp bought a new stake in shares of Enlight Renewable Energy in the 4th quarter valued at approximately $277,000. Finally, AQR Capital Management LLC bought a new stake in shares of Enlight Renewable Energy in the 4th quarter valued at approximately $283,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

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.