Roth Mkm reaffirmed their buy rating on shares of Enlight Renewable Energy (NASDAQ:ENLT – Free Report) in a research note published on Wednesday morning, Benzinga reports. Roth Mkm currently has a $20.00 target price on the stock.
Enlight Renewable Energy Price Performance
Shares of ENLT opened at $16.25 on Wednesday. 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 1 year low of $12.11 and a 1 year high of $20.00. The stock has a market cap of $1.88 billion, a P/E ratio of 31.86 and a beta of 1.68. The stock’s 50-day moving average price is $16.10 and its two-hundred day moving average price is $16.79.
Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. Enlight Renewable Energy had a return on equity of 4.47% and a net margin of 23.15%. The firm had revenue of $84.70 million for the quarter, compared to analysts’ expectations of $76.23 million. During the same quarter last year, the business earned $0.12 earnings per share. The company’s revenue was up 61.0% compared to the same quarter last year. On average, equities analysts predict that Enlight Renewable Energy will post 0.25 earnings per share for the current year.
Hedge Funds Weigh In On Enlight Renewable Energy
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.
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