Enlight Renewable Energy Ltd (NASDAQ:ENLT – Get Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $16.66, but opened at $16.17. Enlight Renewable Energy shares last traded at $16.13, with a volume of 2,021 shares.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on ENLT shares. Barclays lowered their price target on shares of Enlight Renewable Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. Roth Mkm restated a “buy” rating and set a $20.00 price objective (up previously from $19.00) on shares of Enlight Renewable Energy in a report on Thursday, May 9th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $16.00 price objective (down previously from $19.00) on shares of Enlight Renewable Energy in a report on Monday, April 8th.
Read Our Latest Stock Report on ENLT
Enlight Renewable Energy Stock Performance
Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $90.40 million for the quarter, compared to the consensus estimate of $79.31 million. Enlight Renewable Energy had a net margin of 23.15% and a return on equity of 4.47%. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 earnings per share. As a group, equities analysts predict that Enlight Renewable Energy Ltd will post 0.25 EPS for the current year.
Hedge Funds Weigh In On Enlight Renewable Energy
Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Enlight Renewable Energy in the fourth quarter valued at about $217,000. Tidal Investments LLC bought a new stake in Enlight Renewable Energy during the first quarter worth about $254,000. Capstone Investment Advisors LLC lifted its position in Enlight Renewable Energy by 10.5% during the fourth quarter. Capstone Investment Advisors LLC now owns 20,000 shares of the company’s stock worth $383,000 after purchasing an additional 1,900 shares during the period. Quadrature Capital Ltd bought a new stake in Enlight Renewable Energy during the first quarter worth about $377,000. Finally, Swiss National Bank lifted its position in Enlight Renewable Energy by 1.3% during the first quarter. Swiss National Bank now owns 236,337 shares of the company’s stock worth $3,954,000 after purchasing an additional 3,045 shares during the period. 38.89% of the stock is currently owned by institutional investors and hedge funds.
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.
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