Enlight Renewable Energy (NASDAQ:ENLT) Rating Lowered to Peer Perform at Wolfe Research

Enlight Renewable Energy (NASDAQ:ENLT) was downgraded by analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports.

A number of other equities analysts have also recently issued reports on ENLT. JPMorgan Chase & Co. increased their target price on Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Barclays increased their target price on Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, November 15th.

Enlight Renewable Energy Stock Down 0.4 %

NASDAQ ENLT opened at $17.95 on Thursday. The firm has a market cap of $2.05 billion, a PE ratio of 49.86 and a beta of 1.51. Enlight Renewable Energy has a one year low of $14.09 and a one year high of $18.48. The stock’s 50 day simple moving average is $16.74 and its 200 day simple moving average is $16.27. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.53.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.17. The firm had revenue of $114.21 million for the quarter, compared to analyst estimates of $289.04 million. Enlight Renewable Energy had a return on equity of 3.02% and a net margin of 11.09%. As a group, sell-side analysts forecast that Enlight Renewable Energy will post 0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enlight Renewable Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of ENLT. Edmond DE Rothschild Holding S.A. grew its holdings in Enlight Renewable Energy by 51.0% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,850 shares of the company’s stock worth $32,000 after purchasing an additional 625 shares during the period. Russell Investments Group Ltd. acquired a new stake in Enlight Renewable Energy during the fourth quarter worth approximately $145,000. Jane Street Group LLC acquired a new stake in Enlight Renewable Energy during the fourth quarter worth approximately $196,000. Advisors Asset Management Inc. lifted its position in Enlight Renewable Energy by 1,181.5% during the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock worth $241,000 after acquiring an additional 13,150 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in Enlight Renewable Energy by 11.3% during the third quarter. Tidal Investments LLC now owns 18,241 shares of the company’s stock worth $308,000 after acquiring an additional 1,852 shares during the last quarter. Institutional investors own 38.89% of the company’s stock.

About Enlight Renewable Energy

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.