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

by · The Cerbat Gem

Shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT – Get Free Report) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $24.40.

A number of analysts have issued reports on the stock. Wall Street Zen downgraded shares of Enlight Renewable Energy from a “hold” rating to a “strong sell” rating in a report on Sunday, August 10th. Mizuho set a $21.00 price objective on shares of Enlight Renewable Energy and gave the company an “underperform” rating in a report on Monday, July 14th. Roth Capital reissued a “buy” rating and issued a $28.00 price objective on shares of Enlight Renewable Energy in a report on Wednesday, August 6th. Barclays boosted their price objective on shares of Enlight Renewable Energy from $21.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Enlight Renewable Energy from $18.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd.

Read Our Latest Stock Report on Enlight Renewable Energy

Institutional Trading of Enlight Renewable Energy

A number of institutional investors and hedge funds have recently made changes to their positions in ENLT. Jane Street Group LLC lifted its position in shares of Enlight Renewable Energy by 6.0% during the second quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock valued at $258,000 after purchasing an additional 641 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Enlight Renewable Energy by 6.4% during the second quarter. Bank of Montreal Can now owns 11,021 shares of the company’s stock valued at $251,000 after purchasing an additional 660 shares in the last quarter. Geode Capital Management LLC increased its holdings in Enlight Renewable Energy by 0.7% during the second quarter. Geode Capital Management LLC now owns 108,157 shares of the company’s stock worth $2,458,000 after buying an additional 773 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Enlight Renewable Energy by 256.1% during the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after buying an additional 881 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Enlight Renewable Energy by 2.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 39,872 shares of the company’s stock worth $690,000 after buying an additional 947 shares during the last quarter. Institutional investors own 38.89% of the company’s stock.

Enlight Renewable Energy Stock Up 0.3%

Enlight Renewable Energy stock opened at $29.19 on Tuesday. The company’s 50-day moving average is $25.82 and its 200-day moving average is $20.50. Enlight Renewable Energy has a fifty-two week low of $14.01 and a fifty-two week high of $29.50. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.70 and a current ratio of 0.70.

Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). The firm had revenue of $36.37 million for the quarter, compared to analyst estimates of $424.05 million. Enlight Renewable Energy had a return on equity of 7.48% and a net margin of 23.58%. On average, analysts anticipate that Enlight Renewable Energy will post 0.41 EPS for the current fiscal year.

Enlight Renewable Energy Company Profile

(Get Free Report)

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.

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