FY2024 EPS Estimates for Enlight Renewable Energy Ltd (NASDAQ:ENLT) Increased by Analyst

Enlight Renewable Energy Ltd (NASDAQ:ENLT) – Stock analysts at Roth Capital upped their FY2024 earnings per share estimates for shares of Enlight Renewable Energy in a research report issued to clients and investors on Monday, August 12th. Roth Capital analyst J. Clare now anticipates that the company will earn $0.34 per share for the year, up from their prior estimate of $0.32. The consensus estimate for Enlight Renewable Energy’s current full-year earnings is $0.25 per share. Roth Capital also issued estimates for Enlight Renewable Energy’s Q4 2025 earnings at $0.02 EPS, FY2025 earnings at $0.27 EPS and FY2026 earnings at $0.49 EPS.

Separately, Roth Mkm reissued a “buy” rating and set a $20.00 price objective on shares of Enlight Renewable Energy in a research note on Wednesday.

Enlight Renewable Energy Stock Down 0.2 %

Shares of NASDAQ ENLT opened at $16.25 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.60. Enlight Renewable Energy has a 12-month low of $12.11 and a 12-month high of $20.00. The firm’s 50-day moving average price is $16.10 and its 200-day moving average price is $16.79. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 31.86 and a beta of 1.68.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. Enlight Renewable Energy had a net margin of 23.15% and a return on equity of 4.47%. The company had revenue of $84.70 million for the quarter, compared to the consensus estimate of $76.23 million. During the same quarter in the prior year, the firm earned $0.12 earnings per share. Enlight Renewable Energy’s revenue was up 61.0% on a year-over-year basis.

Institutional Investors Weigh In On Enlight Renewable Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC bought a new position in Enlight Renewable Energy during the 4th quarter valued at about $217,000. Capstone Investment Advisors LLC boosted its position in shares of Enlight Renewable Energy by 10.5% during 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. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Enlight Renewable Energy by 16.2% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,936,313 shares of the company’s stock valued at $155,473,000 after buying an additional 1,105,929 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Enlight Renewable Energy by 277.6% in the first quarter. Assenagon Asset Management S.A. now owns 580,673 shares of the company’s stock worth $9,752,000 after buying an additional 426,881 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Enlight Renewable Energy by 3.4% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,542,307 shares of the company’s stock worth $43,016,000 after buying an additional 83,400 shares during the period. Hedge funds and other 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.