Shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $16.77, but opened at $15.95. Enlight Renewable Energy shares last traded at $16.18, with a volume of 1,619 shares traded.
Wall Street Analyst Weigh In
Separately, Roth Mkm reaffirmed a “buy” rating and set a $20.00 target price (up from $19.00) on shares of Enlight Renewable Energy in a research report on Thursday, May 9th.
Check Out Our Latest Stock Report on ENLT
Enlight Renewable Energy Stock Performance
Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.07. Enlight Renewable Energy had a net margin of 23.15% and a return on equity of 4.47%. The business had revenue of $84.70 million during the quarter, compared to analyst estimates of $76.23 million. During the same quarter in the previous year, the business posted $0.12 EPS. The company’s quarterly revenue was up 61.0% compared to the same quarter last year. As a group, research analysts forecast that Enlight Renewable Energy Ltd will post 0.25 earnings per share for the current year.
Institutional Trading of Enlight Renewable Energy
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC bought a new position in shares of Enlight Renewable Energy in the 4th quarter worth $217,000. Capstone Investment Advisors LLC raised its stake in shares of Enlight Renewable Energy by 10.5% during the 4th quarter. Capstone Investment Advisors LLC now owns 20,000 shares of the company’s stock worth $383,000 after acquiring an additional 1,900 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in Enlight Renewable Energy by 16.2% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,936,313 shares of the company’s stock valued at $155,473,000 after acquiring an additional 1,105,929 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Enlight Renewable Energy by 277.6% in the first quarter. Assenagon Asset Management S.A. now owns 580,673 shares of the company’s stock valued at $9,752,000 after acquiring an additional 426,881 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in Enlight Renewable Energy by 3.4% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,542,307 shares of the company’s stock worth $43,016,000 after purchasing an additional 83,400 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.
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