Enlight Renewable Energy (NASDAQ:ENLT) Stock Gets Price Target Trim from Mizuho

Enlight Renewable Energy (NASDAQ:ENLT) had its price target trimmed by Mizuho from $45.00 to $41.00 in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm currently has an underperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. UBS Group cut their price objective on shares of Enlight Renewable Energy from $123.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Zacks Research upgraded shares of Enlight Renewable Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Truist Financial decreased their target price on shares of Enlight Renewable Energy from $106.00 to $104.00 and set a “buy” rating on the stock in a report on Monday, September 28th. Barclays increased their price target on shares of Enlight Renewable Energy from $83.00 to $89.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Finally, Weiss Ratings cut shares of Enlight Renewable Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Enlight Renewable Energy currently has an average rating of “Hold” and a consensus price target of $75.29.

Enlight Renewable Energy Stock Up 1.4%

Shares of ENLT opened at $70.06 on Tuesday. Enlight Renewable Energy has a 52-week low of $32.75 and a 52-week high of $108.65. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.31. The stock has a fifty day simple moving average of $75.00 and a two-hundred day simple moving average of $82.73. The company has a market capitalization of $8.31 billion, a PE ratio of 128.00, a price-to-earnings-growth ratio of 23.01 and a beta of 1.70.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.20 earnings per share for the quarter. The firm had revenue of $165.99 million for the quarter. Enlight Renewable Energy had a net margin of 12.35% and a return on equity of 3.52%. As a group, equities analysts forecast that Enlight Renewable Energy will post 0.39 EPS for the current year.

Insider Buying and Selling at Enlight Renewable Energy

In other Enlight Renewable Energy news, insider Ilan Goren sold 2,700 shares of Enlight Renewable Energy stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $64.81, for a total value of $174,987.00. Following the sale, the insider owned 40,135 shares in the company, valued at $2,601,149.35. The trade was a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Nir Yehuda sold 1,276 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $66.40, for a total value of $84,726.40. Following the completion of the transaction, the chief financial officer directly owned 34,324 shares in the company, valued at approximately $2,279,113.60. This trade represents a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 10,526 shares of company stock worth $755,406 over the last quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its stake in Enlight Renewable Energy by 0.3% during the first quarter. Public Employees Retirement System of Ohio now owns 48,095 shares of the company’s stock worth $3,185,000 after buying an additional 127 shares during the period. Quantinno Capital Management LP raised its stake in shares of Enlight Renewable Energy by 2.7% in the 1st quarter. Quantinno Capital Management LP now owns 6,506 shares of the company’s stock valued at $435,000 after acquiring an additional 170 shares during the period. Orion Capital Management LLC purchased a new stake in shares of Enlight Renewable Energy in the 2nd quarter valued at approximately $26,000. Versant Capital Management Inc purchased a new stake in shares of Enlight Renewable Energy in the 2nd quarter valued at approximately $34,000. Finally, State of Wyoming acquired a new position in shares of Enlight Renewable Energy in the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

Enlight Renewable Energy Company Profile

Enlight Renewable Energy Ltd. is a renewable energy company that develops, finances, constructs, owns and operates utility-scale clean energy projects. Its portfolio includes solar photovoltaic, wind energy and energy storage facilities, with activities spanning project development through long-term asset ownership and operations.

The company serves electricity markets in Israel, the United States and several European countries. Its business is focused on expanding renewable generation and storage capacity, often through projects that combine intermittent renewable resources with storage technology to support grid reliability and power delivery.

Enlight was established in Israel and has developed into an international renewable energy platform.