What is Roth Capital’s Forecast for ENLT Q4 Earnings?

Enlight Renewable Energy Ltd (NASDAQ:ENLT) – Equities researchers at Roth Capital cut their Q4 2024 EPS estimates for shares of Enlight Renewable Energy in a research note issued to investors on Wednesday, November 13th. Roth Capital analyst J. Clare now forecasts that the company will earn ($0.01) per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for Enlight Renewable Energy’s current full-year earnings is $0.18 per share. Roth Capital also issued estimates for Enlight Renewable Energy’s FY2025 earnings at $0.22 EPS.

Several other analysts also recently issued reports on ENLT. Roth Mkm reissued a “buy” rating and issued a $20.00 price objective on shares of Enlight Renewable Energy in a research note on Wednesday, August 14th. Barclays increased their target price on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday.

Enlight Renewable Energy Stock Performance

NASDAQ ENLT opened at $16.47 on Monday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.59. Enlight Renewable Energy has a 1-year low of $14.09 and a 1-year high of $20.00. The business has a 50 day simple moving average of $15.88 and a two-hundred day simple moving average of $16.34. The stock has a market capitalization of $1.90 billion, a PE ratio of 36.89 and a beta of 1.71.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its earnings results on Wednesday, November 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $83.09 million. During the same quarter in the prior year, the firm posted $0.13 EPS. Enlight Renewable Energy’s quarterly revenue was up 87.8% compared to the same quarter last year.

Hedge Funds Weigh In On Enlight Renewable Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in Enlight Renewable Energy by 0.9% during the third quarter. Geode Capital Management LLC now owns 103,590 shares of the company’s stock valued at $1,751,000 after buying an additional 907 shares during the period. Swiss National Bank grew its stake in shares of Enlight Renewable Energy by 1.3% in the 1st quarter. Swiss National Bank now owns 236,337 shares of the company’s stock valued at $3,954,000 after buying an additional 3,045 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Enlight Renewable Energy by 1,181.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock valued at $241,000 after purchasing an additional 13,150 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Enlight Renewable Energy in the 1st quarter valued at approximately $254,000. Finally, Susquehanna International Group Ltd. purchased a new position in shares of Enlight Renewable Energy during the second quarter worth $253,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

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.