Enlight Renewable Energy (NASDAQ:ENLT) Price Target Raised to $21.00 at Barclays

Enlight Renewable Energy (NASDAQ:ENLT) had its price objective raised by research analysts at Barclays from $20.00 to $21.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 28.28% from the stock’s previous close.

Separately, Roth Mkm reiterated a “buy” rating and issued a $20.00 price objective on shares of Enlight Renewable Energy in a research report on Wednesday, August 14th.

Enlight Renewable Energy Stock Performance

ENLT traded up $0.47 on Friday, hitting $16.37. 31,705 shares of the company traded hands, compared to its average volume of 9,924. The company has a 50 day moving average of $15.86 and a 200-day moving average of $16.33. Enlight Renewable Energy has a 12-month low of $14.09 and a 12-month high of $20.00. The stock has a market capitalization of $1.89 billion, a PE ratio of 37.21 and a beta of 1.71. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.59.

Hedge Funds Weigh In On Enlight Renewable Energy

A number of large investors have recently modified their holdings of ENLT. Advisors Asset Management Inc. boosted its stake in shares of Enlight Renewable Energy by 1,181.5% in the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock valued at $241,000 after buying an additional 13,150 shares in the last quarter. Susquehanna International Group Ltd. acquired a new position in shares of Enlight Renewable Energy during the 2nd quarter worth $253,000. Tidal Investments LLC acquired a new position in shares of Enlight Renewable Energy during the 1st quarter worth $254,000. Quadrature Capital Ltd purchased a new position in shares of Enlight Renewable Energy in the 1st quarter valued at about $377,000. Finally, Swiss National Bank lifted its stake in shares of Enlight Renewable Energy by 1.3% in the first quarter. Swiss National Bank now owns 236,337 shares of the company’s stock valued at $3,954,000 after purchasing an additional 3,045 shares during the period. 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.