Roth Capital Analysts Boost Earnings Estimates for ENLT

Enlight Renewable Energy Ltd (NASDAQ:ENLT) – Equities researchers at Roth Capital boosted their Q4 2024 earnings estimates for shares of Enlight Renewable Energy in a research report issued on Tuesday, February 18th. Roth Capital analyst J. Clare now expects that the company will earn $0.02 per share for the quarter, up from their prior estimate of ($0.01). The consensus estimate for Enlight Renewable Energy’s current full-year earnings is $0.41 per share. Roth Capital also issued estimates for Enlight Renewable Energy’s Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.05 EPS and FY2025 earnings at $0.31 EPS.

A number of other equities analysts have also issued reports on ENLT. Wolfe Research cut Enlight Renewable Energy from an “outperform” rating to a “peer perform” rating in a research note on Thursday. Barclays increased their price objective on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd.

Enlight Renewable Energy Stock Performance

NASDAQ:ENLT opened at $17.95 on Thursday. The firm has a 50-day moving average of $16.74 and a two-hundred day moving average of $16.27. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market cap of $2.05 billion, a P/E ratio of 49.86 and a beta of 1.51. Enlight Renewable Energy has a 1-year low of $14.09 and a 1-year high of $18.48.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.17. Enlight Renewable Energy had a return on equity of 3.02% and a net margin of 11.09%. The company had revenue of $114.21 million for the quarter, compared to analysts’ expectations of $289.04 million.

Hedge Funds Weigh In On Enlight Renewable Energy

Institutional investors have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. boosted its position in shares of Enlight Renewable Energy by 51.0% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,850 shares of the company’s stock worth $32,000 after buying an additional 625 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Enlight Renewable Energy during the fourth quarter valued at about $145,000. Jane Street Group LLC acquired a new stake in Enlight Renewable Energy in the fourth quarter worth about $196,000. Advisors Asset Management Inc. grew its position 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 in the last quarter. Finally, Tidal Investments LLC increased its stake in Enlight Renewable Energy by 11.3% during the 3rd quarter. Tidal Investments LLC now owns 18,241 shares of the company’s stock valued at $308,000 after buying an additional 1,852 shares during the period. 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.