Enlight Renewable Energy Ltd to Post FY2024 Earnings of $0.32 Per Share, Roth Capital Forecasts (NASDAQ:ENLT)

Enlight Renewable Energy Ltd (NASDAQ:ENLTFree Report) – Research analysts at Roth Capital lowered their FY2024 earnings per share estimates for shares of Enlight Renewable Energy in a research note issued to investors on Wednesday, May 8th. Roth Capital analyst J. Clare now anticipates that the company will post earnings per share of $0.32 for the year, down from their previous estimate of $0.33. The consensus estimate for Enlight Renewable Energy’s current full-year earnings is $0.44 per share. Roth Capital also issued estimates for Enlight Renewable Energy’s Q4 2024 earnings at $0.10 EPS.

Several other equities analysts have also recently weighed in on the company. Barclays dropped their price objective on Enlight Renewable Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $16.00 price objective (down from $19.00) on shares of Enlight Renewable Energy in a report on Monday, April 8th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $20.00 price objective (up from $19.00) on shares of Enlight Renewable Energy in a report on Thursday, May 9th.

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Enlight Renewable Energy Price Performance

Shares of NASDAQ ENLT opened at $18.41 on Monday. The stock has a market capitalization of $2.13 billion, a PE ratio of 36.10 and a beta of 1.68. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.94 and a quick ratio of 0.94. The business has a fifty day moving average price of $16.94 and a two-hundred day moving average price of $17.10. Enlight Renewable Energy has a fifty-two week low of $12.11 and a fifty-two week high of $20.44.

Enlight Renewable Energy (NASDAQ:ENLTGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $90.40 million during the quarter, compared to analysts’ expectations of $79.31 million. Enlight Renewable Energy had a return on equity of 4.47% and a net margin of 23.15%. The company’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS.

Institutional Investors Weigh In On Enlight Renewable Energy

Hedge funds have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC bought a new position in Enlight Renewable Energy in the 4th quarter valued at approximately $217,000. Capstone Investment Advisors LLC increased its holdings in shares of Enlight Renewable Energy by 9.0% during the first quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the company’s stock worth $369,000 after buying an additional 1,800 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Enlight Renewable Energy in the 1st quarter valued at $377,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Enlight Renewable Energy by 12.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,192 shares of the company’s stock valued at $761,000 after acquiring an additional 5,215 shares in the last quarter. Finally, Swiss National Bank grew its position in Enlight Renewable Energy by 1.3% during the 1st quarter. Swiss National Bank now owns 236,337 shares of the company’s stock worth $3,954,000 after acquiring an additional 3,045 shares during the last quarter. 38.89% of the stock is currently owned by institutional investors and hedge funds.

Enlight Renewable Energy Company Profile

(Get Free Report)

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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