UBS Group Boosts Enlight Renewable Energy (NASDAQ:ENLT) Price Target to $105.00

Enlight Renewable Energy (NASDAQ:ENLTGet Free Report) had its price target hoisted by UBS Group from $93.00 to $105.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 12.18% from the company’s current price.

A number of other research firms have also commented on ENLT. Mizuho set a $37.00 price objective on Enlight Renewable Energy in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a research note 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 research note on Thursday, April 9th. JPMorgan Chase & Co. lifted their target price on Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday. Finally, Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Enlight Renewable Energy currently has a consensus rating of “Hold” and a consensus target price of $60.17.

Check Out Our Latest Stock Report on Enlight Renewable Energy

Enlight Renewable Energy Trading Up 3.2%

Shares of Enlight Renewable Energy stock traded up $2.90 during midday trading on Wednesday, reaching $93.60. The company had a trading volume of 169,168 shares, compared to its average volume of 148,909. The stock has a fifty day moving average price of $75.62 and a 200 day moving average price of $56.45. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $11.10 billion, a PE ratio of 91.77, a P/E/G ratio of 11.17 and a beta of 1.51. Enlight Renewable Energy has a fifty-two week low of $16.87 and a fifty-two week high of $93.85.

Enlight Renewable Energy (NASDAQ:ENLTGet Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The company had revenue of $156.49 million for the quarter. Enlight Renewable Energy had a return on equity of 7.35% and a net margin of 22.69%. On average, equities analysts anticipate that Enlight Renewable Energy will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On Enlight Renewable Energy

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its stake in Enlight Renewable Energy by 256.1% in the second 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 during the period. V Square Quantitative Management LLC acquired a new position in Enlight Renewable Energy in the fourth quarter valued at approximately $56,000. Savant Capital LLC acquired a new position in Enlight Renewable Energy in the fourth quarter valued at approximately $241,000. Mackenzie Financial Corp acquired a new position in Enlight Renewable Energy in the fourth quarter valued at approximately $277,000. Finally, AQR Capital Management LLC acquired a new position in Enlight Renewable Energy in the fourth quarter valued at approximately $283,000. 38.89% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Enlight Renewable Energy

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About Enlight Renewable Energy

(Get Free Report)

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.

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