Roth Capital Analysts Boost Earnings Estimates for ENLT

Enlight Renewable Energy Ltd (NASDAQ:ENLT) – Research analysts at Roth Capital raised their Q4 2024 EPS estimates for Enlight Renewable Energy in a note issued to investors on Tuesday, February 18th. Roth Capital analyst J. Clare now forecasts that the company will post earnings of $0.02 per share for the quarter, up from their prior forecast of ($0.01). The consensus estimate for Enlight Renewable Energy’s current full-year earnings is $0.07 per share. Roth Capital also issued estimates for Enlight Renewable Energy’s Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.05 EPS and FY2025 earnings at $0.31 EPS.

A number of other research analysts also recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Barclays upped 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 report on Friday, November 15th. Finally, Wolfe Research lowered shares of Enlight Renewable Energy from an “outperform” rating to a “peer perform” rating in a report on Thursday.

Enlight Renewable Energy Stock Performance

NASDAQ ENLT opened at $18.02 on Thursday. The business’s 50-day moving average price is $16.74 and its 200 day moving average price is $16.27. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.64. Enlight Renewable Energy has a twelve month low of $14.09 and a twelve month high of $18.48. The company has a market capitalization of $2.08 billion, a PE ratio of 40.96 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.17. Enlight Renewable Energy had a return on equity of 3.34% and a net margin of 13.58%. The company had revenue of $114.21 million for the quarter, compared to analyst estimates of $289.04 million.

Hedge Funds Weigh In On Enlight Renewable Energy

A number of hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. boosted its stake in shares of Enlight Renewable Energy by 1,181.5% during the 3rd 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 during the last quarter. 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 valued at $147,885,000 after purchasing an additional 353,750 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Enlight Renewable Energy during the 3rd quarter worth $655,000. Barclays PLC boosted its holdings in shares of Enlight Renewable Energy by 4,278.2% during the third quarter. Barclays PLC now owns 25,525 shares of the company’s stock valued at $432,000 after acquiring an additional 24,942 shares during the period. Finally, Geode Capital Management LLC grew its position in Enlight Renewable Energy by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 103,590 shares of the company’s stock worth $1,751,000 after purchasing an additional 907 shares during the last quarter. Hedge funds and other institutional investors own 38.89% of the company’s stock.

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.