Enlight Renewable Energy (NASDAQ:ENLT) Price Target Raised to $45.00

Enlight Renewable Energy (NASDAQ:ENLT) had its price objective raised by research analysts at Roth Capital from $30.00 to $45.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Capital’s price objective suggests a potential upside of 18.68% from the company’s previous close.

A number of other brokerages also recently issued reports on ENLT. Mizuho set a $24.00 price target on shares of Enlight Renewable Energy in a report on Friday, November 7th. Wall Street Zen cut Enlight Renewable Energy from a “hold” rating to a “strong sell” rating in a report on Sunday, August 10th. Barclays boosted their target price on Enlight Renewable Energy from $26.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. raised their price target on Enlight Renewable Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Enlight Renewable Energy in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.40.

Enlight Renewable Energy Stock Performance

Shares of NASDAQ ENLT traded down $1.63 during mid-day trading on Thursday, reaching $37.92. The company’s stock had a trading volume of 19,781 shares, compared to its average volume of 24,205. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.70 and a current ratio of 0.70. Enlight Renewable Energy has a 52 week low of $14.01 and a 52 week high of $39.62. The stock has a fifty day moving average of $32.26 and a two-hundred day moving average of $25.87.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. Enlight Renewable Energy had a return on equity of 7.48% and a net margin of 23.58%.The company had revenue of $165.06 million for the quarter, compared to analysts’ expectations of $146.04 million. Enlight Renewable Energy has set its FY 2025 guidance at EPS. On average, analysts anticipate that Enlight Renewable Energy will post 0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ENLT. BNP Paribas Financial Markets grew its holdings in Enlight Renewable Energy by 256.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 881 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Enlight Renewable Energy in the 2nd quarter worth approximately $106,000. TD Asset Management Inc bought a new position in shares of Enlight Renewable Energy during the first quarter valued at approximately $203,000. Bank of Montreal Can boosted its stake in shares of Enlight Renewable Energy by 6.4% during the second quarter. Bank of Montreal Can now owns 11,021 shares of the company’s stock valued at $251,000 after purchasing an additional 660 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings 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 valued at $258,000 after buying an additional 641 shares during the period. Institutional investors 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.