Enlight Renewable Energy (NASDAQ:ENLT) Price Target Raised to $41.00 at Barclays

Enlight Renewable Energy (NASDAQ:ENLT) had its price objective upped by research analysts at Barclays from $34.00 to $41.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 9.16% from the company’s previous close.

Several other research analysts have also commented on ENLT. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $30.00 target price on shares of Enlight Renewable Energy in a research report on Wednesday, October 1st. Roth Capital boosted their target price on shares of Enlight Renewable Energy from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price target on shares of Enlight Renewable Energy from $27.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Wall Street Zen lowered shares of Enlight Renewable Energy from a “hold” rating to a “strong sell” rating in a report on Sunday, August 10th. Finally, Mizuho set a $24.00 price objective on shares of Enlight Renewable Energy in a research note on Friday, November 7th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Enlight Renewable Energy presently has an average rating of “Hold” and a consensus target price of $33.80.

Enlight Renewable Energy Stock Down 5.0%

ENLT stock traded down $1.99 during mid-day trading on Thursday, hitting $37.56. 32,360 shares of the company were exchanged, compared to its average volume of 24,308. The firm has a fifty day simple moving average of $32.26 and a 200 day simple moving average of $25.87. Enlight Renewable Energy has a twelve month low of $14.01 and a twelve month high of $39.62. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.70 and a quick ratio of 0.70.

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

Institutional Trading of Enlight Renewable Energy

Large investors have recently modified their holdings of the company. Y.D. More Investments Ltd boosted its stake in Enlight Renewable Energy by 50.5% during the 3rd quarter. Y.D. More Investments Ltd now owns 5,584,817 shares of the company’s stock valued at $172,143,000 after purchasing an additional 1,875,084 shares during the period. Legal & General Group Plc increased its stake in shares of Enlight Renewable Energy by 259.0% in the second quarter. Legal & General Group Plc now owns 1,867,785 shares of the company’s stock valued at $42,377,000 after purchasing an additional 1,347,458 shares during the period. First Trust Advisors LP raised its holdings in shares of Enlight Renewable Energy by 269.0% during the third quarter. First Trust Advisors LP now owns 260,192 shares of the company’s stock valued at $8,006,000 after buying an additional 189,676 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Enlight Renewable Energy by 2.1% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,247,031 shares of the company’s stock worth $253,986,000 after buying an additional 173,009 shares during the period. Finally, Norges Bank bought a new position in Enlight Renewable Energy in the 2nd quarter worth approximately $3,608,000. 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.