Enlight Renewable Energy (NASDAQ:ENLT) Rating Lowered to Peer Perform at Wolfe Research

Enlight Renewable Energy (NASDAQ:ENLT) was downgraded by Wolfe Research from an “outperform” rating to a “peer perform” rating in a note issued to investors on Thursday,Briefing.com Automated Import reports.

ENLT has been the subject of several other research reports. Barclays raised their price objective on Enlight Renewable Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. lifted their price target on Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd.

Enlight Renewable Energy Stock Up 4.2 %

Shares of Enlight Renewable Energy stock opened at $17.77 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.53 and a current ratio of 0.53. Enlight Renewable Energy has a 52-week low of $14.09 and a 52-week high of $18.48. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 40.39 and a beta of 1.51. The company’s 50 day moving average price is $16.70 and its 200-day moving average price is $16.26.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.17. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. Equities research analysts forecast that Enlight Renewable Energy will post 0.07 EPS for the current year.

Institutional Investors Weigh In On Enlight Renewable Energy

Several large investors have recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. grew its stake in shares of Enlight Renewable Energy by 51.0% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,850 shares of the company’s stock valued at $32,000 after purchasing an additional 625 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Enlight Renewable Energy during the 4th quarter valued at about $145,000. Jane Street Group LLC bought a new stake in shares of Enlight Renewable Energy during the 4th quarter valued at about $196,000. Advisors Asset Management Inc. grew its stake in shares of Enlight Renewable Energy by 1,181.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock valued at $241,000 after purchasing an additional 13,150 shares during the period. Finally, Tidal Investments LLC grew its stake in shares of Enlight Renewable Energy by 11.3% during the 3rd quarter. Tidal Investments LLC now owns 18,241 shares of the company’s stock valued at $308,000 after purchasing an additional 1,852 shares during the period. 38.89% of the stock is currently owned by institutional investors.

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.