Research Analysts Issue Forecasts for ENLT Q4 Earnings

Enlight Renewable Energy Ltd (NASDAQ:ENLT) – Equities researchers at Roth Capital decreased their Q4 2024 earnings per share estimates for shares of Enlight Renewable Energy in a report released on Wednesday, November 13th. Roth Capital analyst J. Clare now forecasts that the company will post earnings of ($0.01) per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for Enlight Renewable Energy’s current full-year earnings is $0.18 per share. Roth Capital also issued estimates for Enlight Renewable Energy’s FY2025 earnings at $0.22 EPS.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its earnings results on Wednesday, November 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.09. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. The business had revenue of $109.50 million during the quarter, compared to analysts’ expectations of $83.09 million. During the same period in the previous year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 87.8% compared to the same quarter last year.

A number of other equities analysts have also weighed in on the company. Roth Mkm reissued a “buy” rating and issued a $20.00 target price on shares of Enlight Renewable Energy in a research report on Wednesday, August 14th. Barclays increased their price objective on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday.

Enlight Renewable Energy Stock Performance

ENLT stock opened at $16.23 on Monday. The stock’s 50 day simple moving average is $15.88 and its 200 day simple moving average is $16.34. The company has a current ratio of 0.53, a quick ratio of 0.59 and a debt-to-equity ratio of 1.64. 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 $1.88 billion, a PE ratio of 36.89 and a beta of 1.71.

Institutional Trading of Enlight Renewable Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd raised its stake in 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 during the period. Tidal Investments LLC bought a new stake in shares of Enlight Renewable Energy during the 1st quarter valued at $254,000. Swiss National Bank raised its position in shares of Enlight Renewable Energy by 1.3% during the 1st 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. Susquehanna International Group Ltd. purchased a new position in shares of Enlight Renewable Energy during the 2nd quarter valued at $253,000. Finally, Vanguard Group Inc. boosted its holdings in Enlight Renewable Energy by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 4,001,391 shares of the company’s stock worth $67,704,000 after buying an additional 29,249 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.