Enlight Renewable Energy (NASDAQ:ENLT) Stock Price Up 4%

Enlight Renewable Energy Ltd (NASDAQ:ENLT) rose 4% during mid-day trading on Monday . The stock traded as high as $17.08 and last traded at $17.07. Approximately 4,161 shares were traded during trading, a decline of 91% from the average daily volume of 45,394 shares. The stock had previously closed at $16.42.

Wall Street Analysts Forecast Growth

ENLT has been the topic of several research reports. Mizuho upped their price target on shares of Enlight Renewable Energy from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 3rd. Barclays cut their target price on shares of Enlight Renewable Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $16.00 target price (down from $19.00) on shares of Enlight Renewable Energy in a research report on Monday, April 8th.

Enlight Renewable Energy Trading Down 2.4 %

The company has a market cap of $1.92 billion, a price-to-earnings ratio of 29.08 and a beta of 1.84. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a fifty day moving average price of $16.96 and a 200 day moving average price of $16.64.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.05). Enlight Renewable Energy had a return on equity of 5.05% and a net margin of 27.74%. The company had revenue of $73.83 million during the quarter, compared to the consensus estimate of $85.36 million. As a group, equities analysts predict that Enlight Renewable Energy Ltd will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Enlight Renewable Energy in the fourth quarter worth approximately $217,000. Capstone Investment Advisors LLC lifted its stake in Enlight Renewable Energy by 10.5% in the fourth quarter. Capstone Investment Advisors LLC now owns 20,000 shares of the company’s stock valued at $383,000 after buying an additional 1,900 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Enlight Renewable Energy by 12.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,192 shares of the company’s stock worth $761,000 after buying an additional 5,215 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. purchased a new stake in Enlight Renewable Energy during the 3rd quarter worth about $3,120,000. Finally, Y.D. More Investments Ltd purchased a new stake in Enlight Renewable Energy during the 3rd quarter worth about $3,226,000. Institutional investors own 38.89% of the company’s stock.

About Enlight Renewable Energy

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.