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

Shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $60.1667.

ENLT has been the topic of several analyst reports. Mizuho set a $37.00 price objective on Enlight Renewable Energy in a report on Monday, February 23rd. Barclays reiterated an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on Enlight Renewable Energy and gave the stock a “hold” rating in a report on Thursday, April 9th. Finally, UBS Group lifted their price objective on Enlight Renewable Energy from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday.

Enlight Renewable Energy Stock Up 6.4%

ENLT opened at $90.51 on Friday. The company has a market cap of $10.73 billion, a P/E ratio of 210.49, a P/E/G ratio of 22.72 and a beta of 1.51. The business’s 50-day moving average price is $76.36 and its 200-day moving average price is $57.22. The company has a current ratio of 0.77, a quick ratio of 0.67 and a debt-to-equity ratio of 1.68. Enlight Renewable Energy has a 12 month low of $16.87 and a 12 month high of $93.85.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The firm had revenue of $156.49 million for the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%. On average, equities analysts expect that Enlight Renewable Energy will post 0.37 EPS for the current year.

Institutional Trading of Enlight Renewable Energy

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in shares of Enlight Renewable Energy by 256.1% in the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 881 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Enlight Renewable Energy in the fourth quarter worth about $56,000. Savant Capital LLC bought a new stake in shares of Enlight Renewable Energy in the fourth quarter worth about $241,000. Mackenzie Financial Corp bought a new stake in shares of Enlight Renewable Energy in the fourth quarter worth about $277,000. Finally, AQR Capital Management LLC bought a new stake in shares of Enlight Renewable Energy in the fourth quarter worth about $283,000. 38.89% of the stock is owned by institutional investors.

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.