Geode Capital Management LLC Has $1.75 Million Stock Position in Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Geode Capital Management LLC grew its stake in Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,590 shares of the company’s stock after buying an additional 907 shares during the quarter. Geode Capital Management LLC owned 0.09% of Enlight Renewable Energy worth $1,751,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Barclays PLC boosted its stake in Enlight Renewable Energy by 4,278.2% in the 3rd quarter. Barclays PLC now owns 25,525 shares of the company’s stock worth $432,000 after purchasing an additional 24,942 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Enlight Renewable Energy during the third quarter worth about $655,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Enlight Renewable Energy by 4.2% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company’s stock worth $147,885,000 after buying an additional 353,750 shares in the last quarter. Y.D. More Investments Ltd raised its position in Enlight Renewable Energy by 94,919.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 1,957,405 shares of the company’s stock valued at $31,166,000 after buying an additional 1,955,345 shares during the last quarter. Finally, Susquehanna International Group Ltd. bought a new stake in Enlight Renewable Energy in the 2nd quarter valued at approximately $253,000. Institutional investors own 38.89% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays raised their price target on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th.

Enlight Renewable Energy Price Performance

Shares of NASDAQ ENLT opened at $16.98 on Thursday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.53. The business has a 50-day moving average of $16.35 and a 200-day moving average of $16.10. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 38.59 and a beta of 1.53. Enlight Renewable Energy Ltd has a fifty-two week low of $14.09 and a fifty-two week high of $18.48.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. Enlight Renewable Energy had a return on equity of 3.34% and a net margin of 13.58%. The firm had revenue of $109.50 million during the quarter, compared to the consensus estimate of $83.09 million. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue was up 87.8% compared to the same quarter last year. As a group, sell-side analysts predict that Enlight Renewable Energy Ltd will post 0.15 earnings per share for the current fiscal year.

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.