Enlight Renewable Energy (NASDAQ:ENLT) Shares Gap Up to $16.24

Enlight Renewable Energy Ltd (NASDAQ:ENLT) shares gapped up prior to trading on Monday . The stock had previously closed at $16.24, but opened at $16.65. Enlight Renewable Energy shares last traded at $16.55, with a volume of 1,211 shares trading hands.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a “buy” rating and set a $20.00 price objective on shares of Enlight Renewable Energy in a research note on Wednesday, August 14th.

Enlight Renewable Energy Trading Up 2.5 %

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 company’s fifty day moving average is $15.97 and its 200-day moving average is $16.72. The stock has a market cap of $1.93 billion, a PE ratio of 32.78 and a beta of 1.68.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $84.70 million during the quarter, compared to analysts’ expectations of $76.23 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. The firm’s revenue for the quarter was up 61.0% on a year-over-year basis. On average, analysts predict that Enlight Renewable Energy Ltd will post 0.25 earnings per share for the current fiscal year.

Institutional Trading of Enlight Renewable Energy

Institutional investors have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Enlight Renewable Energy in the fourth quarter valued at about $217,000. Susquehanna International Group Ltd. acquired a new position in Enlight Renewable Energy during the second quarter worth about $253,000. Tidal Investments LLC acquired a new position in Enlight Renewable Energy during the first quarter worth about $254,000. Capstone Investment Advisors LLC boosted its position in 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 acquiring an additional 1,800 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Enlight Renewable Energy during the first quarter worth about $377,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

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.