Enlight Renewable Energy (NASDAQ:ENLT) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Enlight Renewable Energy (NASDAQ:ENLT) in a research note published on Thursday, MarketBeat.com reports. The brokerage issued a buy rating and a $22.00 price target on the stock.

Several other research analysts have also recently commented on ENLT. Barclays increased their price target 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. Wolfe Research cut Enlight Renewable Energy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. increased their price target on Enlight Renewable Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $20.25.

Enlight Renewable Energy Stock Down 0.1 %

ENLT stock opened at $16.60 on Thursday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.22 and a quick ratio of 0.53. The stock has a market capitalization of $1.92 billion, a P/E ratio of 46.11 and a beta of 1.37. The business has a 50-day moving average of $16.86 and a 200-day moving average of $16.34. Enlight Renewable Energy has a fifty-two week low of $14.09 and a fifty-two week high of $18.48.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.17. Enlight Renewable Energy had a return on equity of 3.03% and a net margin of 11.09%. The company had revenue of $114.21 million during the quarter, compared to analysts’ expectations of $289.04 million. On average, sell-side analysts anticipate that Enlight Renewable Energy will post 0.41 earnings per share for the current fiscal year.

Institutional Trading of Enlight Renewable Energy

Several institutional investors and hedge funds have recently bought and sold shares of ENLT. Advisors Asset Management Inc. raised its stake in Enlight Renewable Energy by 1,181.5% in the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock valued at $241,000 after buying an additional 13,150 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its stake in Enlight Renewable Energy by 4.2% in the third 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 during the period. Public Employees Retirement System of Ohio bought a new position in shares of Enlight Renewable Energy during the third quarter worth approximately $655,000. Barclays PLC increased its stake in shares of Enlight Renewable Energy by 4,278.2% during the third quarter. Barclays PLC now owns 25,525 shares of the company’s stock worth $432,000 after purchasing an additional 24,942 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Enlight Renewable Energy by 0.9% during the third quarter. Geode Capital Management LLC now owns 103,590 shares of the company’s stock worth $1,751,000 after purchasing an additional 907 shares during the period. 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.