Enlight Renewable Energy (NASDAQ:ENLT) Price Target Raised to $18.00

Enlight Renewable Energy (NASDAQ:ENLT) had its target price increased by JPMorgan Chase & Co. from $17.00 to $18.00 in a research note released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Separately, Barclays lifted their price target on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, November 15th.

Enlight Renewable Energy Stock Performance

ENLT stock opened at $16.39 on Thursday. Enlight Renewable Energy has a 1 year low of $14.09 and a 1 year high of $18.48. The stock’s fifty day moving average price is $16.61 and its 200-day moving average price is $16.19. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market cap of $1.89 billion, a P/E ratio of 37.25 and a beta of 1.53.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. The company had revenue of $109.50 million for the quarter, compared to the consensus estimate of $83.09 million. During the same quarter last year, the firm posted $0.13 earnings per share. The firm’s revenue was up 87.8% compared to the same quarter last year. On average, equities analysts forecast that Enlight Renewable Energy will post 0.07 earnings per share for the current year.

Institutional Trading of Enlight Renewable Energy

Several institutional investors have recently made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd grew its holdings in Enlight Renewable Energy by 4.2% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company’s stock valued at $147,885,000 after buying an additional 353,750 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Enlight Renewable Energy during the third quarter worth $4,901,000. Public Employees Retirement System of Ohio purchased a new position in Enlight Renewable Energy during the third quarter valued at $655,000. Barclays PLC increased its holdings in Enlight Renewable Energy by 4,278.2% in the 3rd quarter. Barclays PLC now owns 25,525 shares of the company’s stock valued at $432,000 after acquiring an additional 24,942 shares during the last quarter. Finally, Susquehanna International Group Ltd. purchased a new stake in Enlight Renewable Energy in the 2nd quarter worth $253,000. Hedge funds and other institutional investors own 38.89% of the company’s stock.

Enlight Renewable Energy Company Profile

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.