Enlight Renewable Energy (NASDAQ:ENLT) Price Target Raised to $27.00

Enlight Renewable Energy (NASDAQ:ENLT) had its target price hoisted by Mizuho from $24.00 to $27.00 in a report released on Monday morning, Marketbeat reports. They currently have an underperform rating on the stock.

A number of other equities analysts have also weighed in on the company. Wall Street Zen lowered Enlight Renewable Energy from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 10th. Roth Capital upped their price objective on Enlight Renewable Energy from $30.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Barclays lifted their target price on Enlight Renewable Energy from $34.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. upped their price target on shares of Enlight Renewable Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $30.00 price objective on shares of Enlight Renewable Energy in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.40.

Enlight Renewable Energy Stock Performance

NASDAQ ENLT opened at $37.16 on Monday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a 50-day moving average of $33.10 and a 200-day moving average of $26.61. Enlight Renewable Energy has a 52-week low of $14.01 and a 52-week high of $39.62.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. The business had revenue of $165.06 million for the quarter, compared to analyst estimates of $146.04 million. Enlight Renewable Energy had a net margin of 22.60% and a return on equity of 7.41%. Enlight Renewable Energy has set its FY 2025 guidance at EPS. On average, research analysts forecast that Enlight Renewable Energy will post 0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enlight Renewable Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in Enlight Renewable Energy by 1.0% during the third quarter. Public Employees Retirement System of Ohio now owns 45,693 shares of the company’s stock worth $1,409,000 after buying an additional 472 shares in the last quarter. Mariner LLC boosted its position in shares of Enlight Renewable Energy by 4.1% during the 3rd quarter. Mariner LLC now owns 10,070 shares of the company’s stock worth $314,000 after acquiring an additional 396 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Enlight Renewable Energy by 1,734.8% during the 3rd quarter. Bank of America Corp DE now owns 97,684 shares of the company’s stock worth $3,044,000 after acquiring an additional 92,360 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Enlight Renewable Energy by 129.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 82,272 shares of the company’s stock valued at $2,537,000 after acquiring an additional 46,368 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Enlight Renewable Energy by 2.8% during the third quarter. Legal & General Group Plc now owns 1,920,888 shares of the company’s stock valued at $59,253,000 after purchasing an additional 53,103 shares in the last quarter. Institutional investors own 38.89% of the company’s stock.

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.