Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at Roth Mkm in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $20.00 price objective on the stock. Roth Mkm’s price target points to a potential upside of 23.00% from the company’s current price.
Enlight Renewable Energy Stock Down 1.6 %
ENLT stock traded down $0.27 during midday trading on Wednesday, hitting $16.26. The company’s stock had a trading volume of 2,814 shares, compared to its average volume of 33,629. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.60. Enlight Renewable Energy has a 52-week low of $12.11 and a 52-week high of $20.00. The firm has a market capitalization of $1.88 billion, a P/E ratio of 31.71 and a beta of 1.68. The firm has a 50-day simple moving average of $16.15 and a 200-day simple moving average of $16.81.
Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.07. The business had revenue of $84.70 million during the quarter, compared to analysts’ expectations of $76.23 million. Enlight Renewable Energy had a net margin of 23.15% and a return on equity of 4.47%. The company’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS. As a group, equities analysts forecast that Enlight Renewable Energy will post 0.25 EPS for the current year.
Institutional Investors Weigh In On Enlight Renewable Energy
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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