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

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $75.00.

Several equities research analysts recently issued reports on ENLT shares. Barclays increased their price objective on Enlight Renewable Energy from $83.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Truist Financial began coverage on Enlight Renewable Energy in a research note on Monday, July 13th. They set a “buy” rating and a $106.00 target price on the stock. Wall Street Zen downgraded Enlight Renewable Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Enlight Renewable Energy from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 3rd. Finally, UBS Group decreased their price target on shares of Enlight Renewable Energy from $123.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, July 7th.

Enlight Renewable Energy Trading Up 0.0%

NASDAQ ENLT opened at $74.81 on Friday. The firm’s 50 day moving average price is $81.96 and its two-hundred day moving average price is $83.20. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.12 and a current ratio of 1.12. Enlight Renewable Energy has a twelve month low of $28.05 and a twelve month high of $108.65. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 120.65, a PEG ratio of 58.46 and a beta of 1.65.

Enlight Renewable Energy (NASDAQ:ENLT) last released its earnings results on Tuesday, June 30th. The company reported $0.20 earnings per share (EPS) for the quarter. The company had revenue of $165.99 million during the quarter. Enlight Renewable Energy had a return on equity of 3.52% and a net margin of 12.35%. Equities analysts anticipate that Enlight Renewable Energy will post 0.35 EPS for the current year.

Insider Transactions at Enlight Renewable Energy

In other Enlight Renewable Energy news, insider Amit Paz sold 2,221 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $73.94, for a total value of $164,220.74. Following the completion of the sale, the insider owned 277,462 shares in the company, valued at $20,515,540.28. This represents a 0.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Enlight Renewable Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Orion Capital Management LLC acquired a new stake in Enlight Renewable Energy during the second quarter valued at $26,000. Versant Capital Management Inc acquired a new position in Enlight Renewable Energy in the 2nd quarter worth about $34,000. State of Wyoming acquired a new position in Enlight Renewable Energy in the 1st quarter worth about $41,000. Walleye Capital LLC purchased a new stake in shares of Enlight Renewable Energy during the 1st quarter worth about $240,000. Finally, Savant Capital LLC purchased a new stake in shares of Enlight Renewable Energy during the 4th quarter worth about $241,000. 38.89% of the stock is currently owned by hedge funds and other institutional investors.

About Enlight Renewable Energy

Enlight Renewable Energy Ltd. is a renewable energy company that develops, finances, constructs, owns and operates utility-scale clean energy projects. Its activities focus primarily on solar photovoltaic, wind energy and energy storage systems, with projects designed to generate electricity and support the reliability and flexibility of power grids.

The company manages projects across multiple stages of the renewable energy value chain, including site development, permitting, power purchase arrangements, construction and long-term operation.