Enlight Renewable Energy Ltd (NASDAQ:ENLT – Get Free Report)’s stock price traded up 3.5% during mid-day trading on Friday . The stock traded as high as $18.75 and last traded at $19.35. 11,672 shares were traded during trading, a decline of 30% from the average session volume of 16,783 shares. The stock had previously closed at $18.69.

Analyst Ratings Changes

Several brokerages have recently commented on ENLT. Wolfe Research cut shares of Enlight Renewable Energy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Enlight Renewable Energy in a research note on Thursday, March 6th. They issued a “buy” rating and a $22.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Enlight Renewable Energy currently has an average rating of “Moderate Buy” and a consensus target price of $20.25.

View Our Latest Stock Report on ENLT

Enlight Renewable Energy Price Performance

The stock has a market cap of $2.15 billion, a P/E ratio of 51.72 and a beta of 1.41. The business has a 50-day simple moving average of $17.41 and a 200 day simple moving average of $16.89. The company has a current ratio of 1.22, a quick ratio of 0.53 and a debt-to-equity ratio of 1.98.

Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.51 by $0.24. Enlight Renewable Energy had a return on equity of 3.03% and a net margin of 11.09%. The company had revenue of $129.87 million for the quarter, compared to analyst estimates of $396.61 million. On average, analysts forecast that Enlight Renewable Energy Ltd will post 0.41 earnings per share for the current year.

Institutional Investors Weigh In On Enlight Renewable Energy

Several institutional investors have recently added to or reduced their stakes in ENLT. Edmond DE Rothschild Holding S.A. boosted its position in shares of Enlight Renewable Energy by 51.0% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,850 shares of the company’s stock valued at $32,000 after acquiring an additional 625 shares during the period. Russell Investments Group Ltd. purchased a new stake in Enlight Renewable Energy in the 4th quarter worth approximately $145,000. Jane Street Group LLC bought a new position in Enlight Renewable Energy in the 4th quarter valued at $196,000. TD Asset Management Inc purchased a new position in shares of Enlight Renewable Energy during the 1st quarter valued at $203,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Enlight Renewable Energy by 70.7% in the first quarter. Advisors Asset Management Inc. now owns 27,565 shares of the company’s stock worth $445,000 after purchasing an additional 11,414 shares during the period. 38.89% of the stock is owned by hedge funds and other institutional investors.

About Enlight Renewable Energy

(Get Free Report)

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.

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