Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) had its price target raised by JPMorgan Chase & Co. from $24.00 to $27.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 6.80% from the company’s previous close.

A number of other analysts have also recently commented on the company. Mizuho set a $21.00 price target on Enlight Renewable Energy and gave the stock an “underperform” rating in a research report on Monday, July 14th. Barclays boosted their price objective on Enlight Renewable Energy from $21.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Wall Street Zen cut Enlight Renewable Energy from a “hold” rating to a “strong sell” rating in a report on Sunday, August 10th. Finally, Roth Capital reissued a “buy” rating and issued a $28.00 price objective on shares of Enlight Renewable Energy in a report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $24.80.

Check Out Our Latest Research Report on ENLT

Enlight Renewable Energy Stock Up 0.9%

Shares of Enlight Renewable Energy stock traded up $0.26 during trading on Friday, reaching $28.97. The company’s stock had a trading volume of 2,239 shares, compared to its average volume of 22,810. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 2.10. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 3.34 and a beta of 1.51. Enlight Renewable Energy has a 1-year low of $14.01 and a 1-year high of $29.84. The company has a 50-day simple moving average of $26.44 and a two-hundred day simple moving average of $21.11.

Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). Enlight Renewable Energy had a return on equity of 7.48% and a net margin of 23.58%.The firm had revenue of $36.37 million for the quarter, compared to analyst estimates of $424.05 million. As a group, equities analysts forecast that Enlight Renewable Energy will post 0.41 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC lifted its stake in Enlight Renewable Energy by 18.8% during the second quarter. Tidal Investments LLC now owns 15,943 shares of the company’s stock worth $362,000 after purchasing an additional 2,527 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Enlight Renewable Energy by 256.1% during the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 881 shares in the last quarter. Jane Street Group LLC lifted its stake in Enlight Renewable Energy by 6.0% during the second quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock worth $258,000 after purchasing an additional 641 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Enlight Renewable Energy by 9.7% during the second quarter. Canada Pension Plan Investment Board now owns 279,789 shares of the company’s stock worth $6,348,000 after purchasing an additional 24,653 shares in the last quarter. Finally, Amundi lifted its stake in Enlight Renewable Energy by 44.9% during the second quarter. Amundi now owns 108,178 shares of the company’s stock worth $2,459,000 after purchasing an additional 33,497 shares in the last quarter. 38.89% of the stock is currently owned by hedge funds and other institutional investors.

Enlight Renewable Energy Company Profile

(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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