Enlight Renewable Energy (NASDAQ:ENLT) Given New $21.00 Price Target at Barclays

Enlight Renewable Energy (NASDAQ:ENLT) had its price target raised by equities research analysts at Barclays from $20.00 to $21.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 28.28% from the stock’s previous close.

Separately, Roth Mkm restated a “buy” rating and set a $20.00 target price on shares of Enlight Renewable Energy in a report on Wednesday, August 14th.

Enlight Renewable Energy Price Performance

Shares of ENLT stock traded up $0.47 during mid-day trading on Friday, reaching $16.37. The stock had a trading volume of 31,705 shares, compared to its average volume of 9,924. The company has a market cap of $1.89 billion, a P/E ratio of 37.21 and a beta of 1.71. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. Enlight Renewable Energy has a 12-month low of $14.09 and a 12-month high of $20.00. The business has a 50-day simple moving average of $15.86 and a 200 day simple moving average of $16.33.

Institutional Trading of Enlight Renewable Energy

Several institutional investors and hedge funds have recently made changes to their positions in ENLT. Clal Insurance Enterprises Holdings Ltd raised its stake in Enlight Renewable Energy by 4.2% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company’s stock valued at $147,885,000 after purchasing an additional 353,750 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Enlight Renewable Energy by 1,181.5% in the third 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 last quarter. Susquehanna International Group Ltd. acquired a new position in shares of Enlight Renewable Energy in the second quarter valued at approximately $253,000. Y.D. More Investments Ltd lifted its stake in shares of Enlight Renewable Energy by 94,919.7% during the second quarter. Y.D. More Investments Ltd now owns 1,957,405 shares of the company’s stock valued at $31,166,000 after buying an additional 1,955,345 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in Enlight Renewable Energy by 3.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,619,180 shares of the company’s stock worth $42,326,000 after acquiring an additional 76,873 shares during the last quarter. 38.89% of the stock is currently owned by hedge funds and other institutional investors.

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.