JPMorgan Chase & Co. Increases Enlight Renewable Energy (NASDAQ:ENLT) Price Target to $18.00

Enlight Renewable Energy (NASDAQ:ENLT) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from $17.00 to $18.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 9.82% from the stock’s previous close.

Separately, Barclays boosted their price target 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 Up 1.0 %

ENLT opened at $16.39 on Thursday. Enlight Renewable Energy has a one year low of $14.09 and a one year high of $18.48. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 37.25 and a beta of 1.53. The business’s fifty day moving average is $16.60 and its two-hundred day moving average is $16.19. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.53 and a current ratio of 0.53.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.12 EPS for the quarter, beating 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 firm had revenue of $109.50 million for the quarter, compared to analysts’ expectations of $83.09 million. During the same period in the prior year, the company earned $0.13 EPS. The firm’s revenue was up 87.8% on a year-over-year basis. Analysts anticipate that Enlight Renewable Energy will post 0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ENLT. Geode Capital Management LLC grew its position in shares of Enlight Renewable Energy by 0.9% in the third quarter. Geode Capital Management LLC now owns 103,590 shares of the company’s stock valued at $1,751,000 after purchasing an additional 907 shares during the period. Tidal Investments LLC boosted its stake in Enlight Renewable Energy by 11.3% in the 3rd quarter. Tidal Investments LLC now owns 18,241 shares of the company’s stock worth $308,000 after buying an additional 1,852 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Enlight Renewable Energy by 1,181.5% in 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 period. Susquehanna International Group Ltd. acquired a new position in shares of Enlight Renewable Energy during the 2nd quarter valued at about $253,000. Finally, Barclays PLC lifted its holdings in shares of Enlight Renewable Energy by 4,278.2% during the 3rd quarter. Barclays PLC now owns 25,525 shares of the company’s stock worth $432,000 after acquiring an additional 24,942 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.