Analysts Set Enlight Renewable Energy Ltd. (NASDAQ:ENLT) PT at $43.50

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

A number of research analysts recently weighed in on the stock. Roth Mkm increased their price objective on shares of Enlight Renewable Energy from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Monday, December 29th. UBS Group increased their price target on Enlight Renewable Energy to $65.00 and gave the company a “buy” rating in a report on Friday, January 16th. Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $35.00 target price on shares of Enlight Renewable Energy in a report on Monday, December 8th.

Institutional Trading of Enlight Renewable Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of ENLT. BNP Paribas Financial Markets lifted its position in shares of Enlight Renewable Energy by 256.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock valued at $28,000 after buying an additional 881 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Enlight Renewable Energy during the fourth quarter valued at approximately $56,000. Savant Capital LLC bought a new position in shares of Enlight Renewable Energy in the fourth quarter worth approximately $241,000. Bank of Montreal Can boosted its position in shares of Enlight Renewable Energy by 6.4% in the second quarter. Bank of Montreal Can now owns 11,021 shares of the company’s stock worth $251,000 after purchasing an additional 660 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Enlight Renewable Energy by 6.0% in the second quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock worth $258,000 after purchasing an additional 641 shares in the last quarter. Hedge funds and other institutional investors own 38.89% of the company’s stock.

Enlight Renewable Energy Stock Performance

ENLT opened at $67.24 on Tuesday. The business has a 50 day simple moving average of $56.52 and a two-hundred day simple moving average of $41.46. Enlight Renewable Energy has a one year low of $14.01 and a one year 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.

Enlight Renewable Energy (NASDAQ:ENLT) last announced 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. Enlight Renewable Energy had a net margin of 22.69% and a return on equity of 7.35%. The firm had revenue of $124.19 million for the quarter, compared to analysts’ expectations of $146.12 million. As a group, equities research analysts anticipate that Enlight Renewable Energy will post 0.41 earnings per share for the current fiscal 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.