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,Benzinga reports. They currently have an overweight rating on the stock.

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

Enlight Renewable Energy Stock Performance

ENLT stock opened at $16.47 on Friday. Enlight Renewable Energy has a one year low of $14.09 and a one year high of $20.00. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 36.89 and a beta of 1.71. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.59 and a current ratio of 0.53. The firm has a 50-day simple moving average of $15.88 and a two-hundred day simple moving average of $16.34.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its earnings results on Wednesday, November 13th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. The company had revenue of $109.50 million during the quarter, compared to analysts’ expectations of $83.09 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. Enlight Renewable Energy’s revenue for the quarter was up 87.8% compared to the same quarter last year. On average, equities analysts forecast that Enlight Renewable Energy will post 0.18 EPS for the current fiscal year.

Institutional Trading of Enlight Renewable Energy

A number of institutional investors have recently bought and sold shares of ENLT. Advisors Asset Management Inc. raised its holdings in shares of Enlight Renewable Energy by 1,181.5% in the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock worth $241,000 after buying an additional 13,150 shares during the last quarter. Susquehanna International Group Ltd. acquired a new position in shares of Enlight Renewable Energy in the 2nd quarter valued at $253,000. Tidal Investments LLC purchased a new position in Enlight Renewable Energy in the 1st quarter worth $254,000. Quadrature Capital Ltd acquired a new stake in Enlight Renewable Energy during the 1st quarter worth about $377,000. Finally, Barclays PLC lifted its position in Enlight Renewable Energy by 4,278.2% during the 3rd quarter. Barclays PLC now owns 25,525 shares of the company’s stock worth $432,000 after acquiring an additional 24,942 shares during the period. 38.89% of the stock is currently owned by institutional investors and hedge funds.

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.