Enlight Renewable Energy (NASDAQ:ENLT) Announces Quarterly Earnings Results

Enlight Renewable Energy (NASDAQ:ENLT) issued its quarterly earnings data on Wednesday. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.17, Zacks reports. The firm had revenue of $114.21 million for the quarter, compared to analyst estimates of $289.04 million. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. Enlight Renewable Energy updated its FY 2025 guidance to EPS.

Enlight Renewable Energy Stock Performance

Shares of ENLT stock opened at $17.77 on Thursday. Enlight Renewable Energy has a 12-month low of $14.09 and a 12-month high of $18.48. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 40.39 and a beta of 1.51. The business has a 50 day simple moving average of $16.70 and a 200 day simple moving average of $16.26.

Analyst Ratings Changes

Several research analysts recently commented on ENLT shares. Wolfe Research cut Enlight Renewable Energy from an “outperform” rating to a “peer perform” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on Enlight Renewable Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, Barclays raised their price target on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th.

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.