Roth Capital Issues Pessimistic Forecast for ENLT Earnings

Enlight Renewable Energy Ltd (NASDAQ:ENLT) – Equities research analysts at Roth Capital reduced their Q4 2024 earnings estimates for shares of Enlight Renewable Energy in a research note issued to investors on Wednesday, November 13th. Roth Capital analyst J. Clare now forecasts that the company will earn ($0.01) per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for Enlight Renewable Energy’s current full-year earnings is $0.18 per share. Roth Capital also issued estimates for Enlight Renewable Energy’s FY2025 earnings at $0.22 EPS.

Several other research analysts have also recently issued reports on the stock. Barclays raised their target price on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Roth Mkm reaffirmed a “buy” rating and set a $20.00 price objective on shares of Enlight Renewable Energy in a research report on Wednesday, August 14th.

Enlight Renewable Energy Trading Down 0.5 %

Shares of ENLT opened at $16.31 on Monday. Enlight Renewable Energy has a fifty-two week low of $14.09 and a fifty-two week high of $20.00. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a 50 day moving average price of $15.90 and a 200-day moving average price of $16.33. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 37.43 and a beta of 1.71.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.09. The firm had revenue of $109.50 million for the quarter, compared to analysts’ expectations of $83.09 million. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. The business’s quarterly revenue was up 87.8% on a year-over-year basis. During the same quarter last year, the company posted $0.13 EPS.

Institutional Trading of Enlight Renewable Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of ENLT. Geode Capital Management LLC raised its stake in Enlight Renewable Energy by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 103,590 shares of the company’s stock valued at $1,751,000 after purchasing an additional 907 shares during the period. Swiss National Bank boosted its holdings in Enlight Renewable Energy by 1.3% during the 1st quarter. Swiss National Bank now owns 236,337 shares of the company’s stock valued at $3,954,000 after acquiring an additional 3,045 shares during the period. Advisors Asset Management Inc. increased its position in shares of Enlight Renewable Energy by 1,181.5% during the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock worth $241,000 after acquiring an additional 13,150 shares during the period. Tidal Investments LLC bought a new position in Enlight Renewable Energy during the 1st quarter worth about $254,000. Finally, Susquehanna International Group Ltd. purchased a new stake in shares of Enlight Renewable Energy during 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.