Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Receives $43.50 Consensus PT from Analysts

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) has earned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation 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.

Several analysts have issued reports on the stock. Mizuho set a $37.00 price target on shares of Enlight Renewable Energy in a research report on Monday, February 23rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $35.00 price objective on shares of Enlight Renewable Energy in a research report on Monday, December 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $38.00 target price on shares of Enlight Renewable Energy in a research note on Wednesday, January 7th. Barclays restated an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Finally, UBS Group upped their price target on Enlight Renewable Energy to $65.00 and gave the company a “buy” rating in a report on Friday, January 16th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Invesco Ltd. lifted its position in Enlight Renewable Energy by 19.0% in the fourth quarter. Invesco Ltd. now owns 1,468,914 shares of the company’s stock worth $66,777,000 after purchasing an additional 234,306 shares during the period. Mackenzie Financial Corp bought a new stake in Enlight Renewable Energy in the 4th quarter valued at $277,000. Quadrature Capital Ltd bought a new stake in Enlight Renewable Energy in the 4th quarter valued at $355,000. OLD Mission Capital LLC acquired a new position in shares of Enlight Renewable Energy in the 4th quarter valued at $363,000. Finally, Altshuler Shaham Ltd lifted its holdings in shares of Enlight Renewable Energy by 41.9% during the 4th quarter. Altshuler Shaham Ltd now owns 585,068 shares of the company’s stock worth $26,557,000 after acquiring an additional 172,718 shares during the period. 38.89% of the stock is currently owned by institutional investors and hedge funds.

Enlight Renewable Energy Stock Up 3.8%

ENLT opened at $74.21 on Friday. The business has a 50 day moving average of $65.01 and a 200-day moving average of $46.81. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 72.76, a P/E/G ratio of 9.61 and a beta of 1.29. The company has a current ratio of 0.67, a quick ratio of 0.88 and a debt-to-equity ratio of 2.03. Enlight Renewable Energy has a 1-year low of $14.01 and a 1-year high of $81.28.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.17. The business had revenue of $124.19 million for the quarter, compared to analyst estimates of $146.12 million. Enlight Renewable Energy had a net margin of 22.69% and a return on equity of 7.35%. As a group, sell-side analysts anticipate that Enlight Renewable Energy will post 0.41 earnings per share for the current 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.