Public Employees Retirement System of Ohio acquired a new position in shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,511 shares of the company’s stock, valued at approximately $751,000.
Other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its position 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 buying an additional 881 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Enlight Renewable Energy during the second quarter valued at $34,000. State of Wyoming purchased a new stake in Enlight Renewable Energy during the 1st quarter worth about $41,000. Walleye Capital LLC purchased a new stake in Enlight Renewable Energy during the 1st quarter worth about $240,000. Finally, Savant Capital LLC acquired a new position in Enlight Renewable Energy in the 4th quarter valued at about $241,000. 38.89% of the stock is currently owned by institutional investors and hedge funds.
Enlight Renewable Energy Stock Performance
NASDAQ ENLT opened at $76.17 on Thursday. The business’s 50-day moving average price is $83.46 and its 200 day moving average price is $83.13. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.31. Enlight Renewable Energy Ltd. has a twelve month low of $28.03 and a twelve month high of $108.65. The company has a market capitalization of $9.03 billion, a PE ratio of 122.85, a price-to-earnings-growth ratio of 60.60 and a beta of 1.65.
Analyst Upgrades and Downgrades
ENLT has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Enlight Renewable Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, September 3rd. Truist Financial began coverage on shares of Enlight Renewable Energy in a research report on Monday, July 13th. They issued a “buy” rating and a $106.00 price objective for the company. UBS Group reduced their price objective on shares of Enlight Renewable Energy from $123.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Barclays raised their target price on shares of Enlight Renewable Energy from $83.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Finally, Wall Street Zen downgraded Enlight Renewable Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $75.00.
Check Out Our Latest Analysis on Enlight Renewable Energy
Enlight Renewable Energy Profile
Enlight Renewable Energy Ltd. (NASDAQ:ENLT) is an independent power producer specializing in the development, financing, construction and operation of renewable energy assets. The company’s portfolio encompasses utility-scale solar photovoltaic (PV) farms, onshore wind farms and energy storage facilities. By providing end-to-end project management—from site identification and feasibility studies through engineering procurement and construction (EPC) to long-term operations and maintenance—Enlight seeks to deliver reliable clean power under long-term power purchase agreements (PPAs).
Founded in 2008 and headquartered in Tel Aviv, Enlight has pursued an international growth strategy with operational and development projects in Israel and Western Europe.
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