Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report)‘s stock had its “buy” rating reaffirmed by stock analysts at Roth Mkm in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $20.00 price target on the stock, up from their previous price target of $19.00. Roth Mkm’s target price indicates a potential upside of 10.56% from the company’s current price.
Several other equities analysts have also issued reports on ENLT. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $16.00 price target (down previously from $19.00) on shares of Enlight Renewable Energy in a research note on Monday, April 8th. Barclays cut their target price on shares of Enlight Renewable Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th.
View Our Latest Report on Enlight Renewable Energy
Enlight Renewable Energy Stock Up 4.4 %
Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. Enlight Renewable Energy had a net margin of 27.74% and a return on equity of 5.05%. The business had revenue of $90.40 million for the quarter, compared to analysts’ expectations of $79.31 million. During the same period in the prior year, the firm earned $0.20 earnings per share. Enlight Renewable Energy’s revenue was up 27.3% compared to the same quarter last year. As a group, research analysts forecast that Enlight Renewable Energy will post 0.44 EPS for the current fiscal year.
Hedge Funds Weigh In On Enlight Renewable Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENLT. Harel Insurance Investments & Financial Services Ltd. increased its stake in Enlight Renewable Energy by 171.4% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,458,907 shares of the company’s stock valued at $38,580,000 after purchasing an additional 1,552,795 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in Enlight Renewable Energy by 16.2% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,936,313 shares of the company’s stock worth $155,473,000 after buying an additional 1,105,929 shares during the period. Assenagon Asset Management S.A. raised its stake in Enlight Renewable Energy by 277.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 580,673 shares of the company’s stock worth $9,752,000 after buying an additional 426,881 shares during the period. Y.D. More Investments Ltd bought a new position in Enlight Renewable Energy during the third quarter worth about $3,226,000. Finally, Yelin Lapidot Holdings Management Ltd. acquired a new position in Enlight Renewable Energy in the third quarter valued at about $3,120,000. 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.
See Also
- Five stocks we like better than Enlight Renewable Energy
- Insider Trading – What You Need to Know
- Airbnb Stock Plummets After Earnings, But is It a Buy?
- What is a SEC Filing?
- Uber’s Earnings Drop Is Investors Opportunity
- How to Choose Top Rated Stocks
- Arm’s Earnings Stumble Could Create A Golden Entry Point
Receive News & Ratings for Enlight Renewable Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enlight Renewable Energy and related companies with MarketBeat.com's FREE daily email newsletter.