Enlight Renewable Energy (NASDAQ:ENLT) Stock Price Expected to Rise, Barclays Analyst Says

Enlight Renewable Energy (NASDAQ:ENLT) had its price target upped by Barclays from $20.00 to $21.00 in a research report report published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Separately, Roth Mkm restated a “buy” rating and issued a $20.00 price objective on shares of Enlight Renewable Energy in a research note on Wednesday, August 14th.

Enlight Renewable Energy Trading Down 0.9 %

NASDAQ ENLT opened at $16.23 on Friday. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 36.89 and a beta of 1.71. Enlight Renewable Energy has a one year low of $14.09 and a one year high of $20.00. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.59. The business’s fifty day moving average is $15.88 and its 200-day moving average is $16.34.

Enlight Renewable Energy (NASDAQ:ENLT) last released its earnings results on Wednesday, November 13th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $109.50 million for the quarter, compared to analysts’ expectations of $83.09 million. Enlight Renewable Energy had a return on equity of 3.34% and a net margin of 13.58%. The business’s revenue for the quarter was up 87.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. Equities research analysts predict that Enlight Renewable Energy will post 0.18 EPS for the current year.

Institutional Investors Weigh In On Enlight Renewable Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENLT. 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 valued at $241,000 after buying an additional 13,150 shares during the period. Tidal Investments LLC bought a new stake in shares of Enlight Renewable Energy during the first quarter valued at about $254,000. Susquehanna International Group Ltd. bought a new stake in shares of Enlight Renewable Energy during the second quarter valued at about $253,000. Quadrature Capital Ltd bought a new stake in shares of Enlight Renewable Energy during the first quarter valued at about $377,000. Finally, Barclays PLC increased its position 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 valued at $432,000 after buying an additional 24,942 shares during the period. 38.89% of the stock is currently owned by institutional investors.

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.