Enlight Renewable Energy Ltd (NASDAQ:ENLT – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $16.10, but opened at $15.62. Enlight Renewable Energy shares last traded at $15.62, with a volume of 1,308 shares.
Analyst Ratings Changes
Separately, Roth Mkm reiterated a “buy” rating and set a $20.00 price target on shares of Enlight Renewable Energy in a report on Wednesday, August 14th.
Check Out Our Latest Stock Analysis on Enlight Renewable Energy
Enlight Renewable Energy Stock Down 3.2 %
Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.07. The company had revenue of $84.70 million for the quarter, compared to the consensus estimate of $76.23 million. Enlight Renewable Energy had a net margin of 23.15% and a return on equity of 4.47%. The firm’s revenue was up 61.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 EPS. On average, equities analysts anticipate that Enlight Renewable Energy Ltd will post 0.25 EPS for the current year.
Hedge Funds Weigh In On Enlight Renewable Energy
Several institutional investors have recently bought and sold shares of ENLT. Y.D. More Investments Ltd raised its stake in shares of Enlight Renewable Energy by 94,919.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 1,957,405 shares of the company’s stock worth $31,166,000 after acquiring an additional 1,955,345 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew 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 last quarter. Assenagon Asset Management S.A. increased its position 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 valued at $9,752,000 after buying an additional 426,881 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in Enlight Renewable Energy by 3.4% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,542,307 shares of the company’s stock valued at $43,016,000 after buying an additional 83,400 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Enlight Renewable Energy by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,001,391 shares of the company’s stock worth $67,704,000 after acquiring an additional 29,249 shares in the last quarter. 38.89% of the stock is owned by hedge funds and other institutional investors.
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.
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