Enlight Renewable Energy (NASDAQ:ENLT) Given New $21.00 Price Target at Barclays

Enlight Renewable Energy (NASDAQ:ENLT) had its price target upped by Barclays from $20.00 to $21.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

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

Enlight Renewable Energy Price Performance

Enlight Renewable Energy stock opened at $16.47 on Friday. Enlight Renewable Energy has a 12-month low of $14.09 and a 12-month high of $20.00. The company has a current ratio of 0.53, a quick ratio of 0.59 and a debt-to-equity ratio of 1.64. The firm has a 50-day moving average price of $15.88 and a 200-day moving average price of $16.34. The firm has a market capitalization of $1.90 billion, a PE ratio of 36.89 and a beta of 1.71.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $109.50 million for the quarter, compared to analyst estimates of $83.09 million. During the same period in the prior year, the company posted $0.13 EPS. The firm’s revenue for the quarter was up 87.8% on a year-over-year basis. As a group, equities research analysts forecast that Enlight Renewable Energy will post 0.18 EPS for the current year.

Institutional Investors Weigh In On Enlight Renewable Energy

Several large investors have recently added to or reduced their stakes in ENLT. Y.D. More Investments Ltd raised its stake in shares of Enlight Renewable Energy by 94,919.7% during the second quarter. Y.D. More Investments Ltd now owns 1,957,405 shares of the company’s stock valued at $31,166,000 after acquiring an additional 1,955,345 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Enlight Renewable Energy in the 1st quarter worth $254,000. Swiss National Bank grew 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 worth $3,954,000 after buying an additional 3,045 shares in the last quarter. Susquehanna International Group Ltd. purchased a new position in shares of Enlight Renewable Energy during the second quarter valued at $253,000. Finally, Vanguard Group Inc. raised its holdings in shares of Enlight Renewable Energy by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,001,391 shares of the company’s stock valued at $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.