Roth Capital Issues Positive Outlook for ENLT Earnings

Enlight Renewable Energy Ltd (NASDAQ:ENLT) – Equities researchers at Roth Capital upped their Q4 2024 EPS estimates for Enlight Renewable Energy in a report issued on Tuesday, February 18th. Roth Capital analyst J. Clare now anticipates that the company will post earnings per share of $0.02 for the quarter, up from their prior estimate of ($0.01). The consensus estimate for Enlight Renewable Energy’s current full-year earnings is $0.07 per share. Roth Capital also issued estimates for Enlight Renewable Energy’s Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.05 EPS and FY2025 earnings at $0.31 EPS.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.17. Enlight Renewable Energy had a return on equity of 3.34% and a net margin of 13.58%.

Several other research analysts have also weighed in on ENLT. Barclays increased their price objective 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. JPMorgan Chase & Co. increased their price target on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd.

Enlight Renewable Energy Stock Up 4.2 %

Shares of NASDAQ:ENLT opened at $17.77 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.64. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 40.39 and a beta of 1.51. The stock’s 50-day moving average price is $16.70 and its two-hundred day moving average price is $16.26. Enlight Renewable Energy has a 12-month low of $14.09 and a 12-month high of $18.48.

Hedge Funds Weigh In On Enlight Renewable Energy

Several hedge funds and other institutional investors have recently modified their holdings of ENLT. Clal Insurance Enterprises Holdings Ltd raised its holdings 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. Meitav Investment House Ltd. increased its position in shares of Enlight Renewable Energy by 4.0% in the fourth quarter. Meitav Investment House Ltd. now owns 5,901,179 shares of the company’s stock worth $101,910,000 after acquiring an additional 229,255 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Enlight Renewable Energy by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 4,158,533 shares of the company’s stock valued at $71,926,000 after acquiring an additional 35,555 shares during the period. Y.D. More Investments Ltd lifted its holdings in shares of Enlight Renewable Energy by 18.6% during the 4th quarter. Y.D. More Investments Ltd now owns 3,068,179 shares of the company’s stock valued at $53,043,000 after acquiring an additional 482,129 shares in the last quarter. Finally, Phoenix Financial Ltd. boosted its position in Enlight Renewable Energy by 42.2% during the 4th quarter. Phoenix Financial Ltd. now owns 1,254,495 shares of the company’s stock worth $21,634,000 after purchasing an additional 372,403 shares during the period. 38.89% of the stock is owned by institutional investors and hedge funds.

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.