Deutsche Bank Aktiengesellschaft Begins Coverage on Enlight Renewable Energy (NASDAQ:ENLT)

Deutsche Bank Aktiengesellschaft started coverage on shares of Enlight Renewable Energy (NASDAQ:ENLT) in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $22.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 31.26% from the company’s current price.

Several other brokerages also recently issued reports on ENLT. JPMorgan Chase & Co. upped their target price on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Wolfe Research downgraded Enlight Renewable Energy from an “outperform” rating to a “peer perform” rating in a research note on Thursday, February 20th. Finally, Barclays lifted their target price on Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.25.

Enlight Renewable Energy Stock Up 0.9 %

Shares of Enlight Renewable Energy stock traded up $0.15 during midday trading on Thursday, hitting $16.76. The company had a trading volume of 2,640 shares, compared to its average volume of 15,359. The company has a 50 day moving average of $16.88 and a 200 day moving average of $16.34. The stock has a market capitalization of $1.94 billion, a P/E ratio of 46.56 and a beta of 1.37. Enlight Renewable Energy has a 52-week low of $14.09 and a 52-week high of $18.48. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.53 and a current ratio of 1.22.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.17. The firm had revenue of $114.21 million during the quarter, compared to the consensus estimate of $289.04 million. Enlight Renewable Energy had a return on equity of 3.03% and a net margin of 11.09%. On average, equities analysts predict that Enlight Renewable Energy will post 0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. lifted its stake in shares of Enlight Renewable Energy by 51.0% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,850 shares of the company’s stock worth $32,000 after purchasing an additional 625 shares during the period. Russell Investments Group Ltd. bought a new position in Enlight Renewable Energy in the fourth quarter worth approximately $145,000. Jane Street Group LLC purchased a new position in shares of Enlight Renewable Energy during the 4th quarter worth $196,000. Advisors Asset Management Inc. grew its position in shares of Enlight Renewable Energy by 1,181.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock valued at $241,000 after acquiring an additional 13,150 shares during the period. Finally, Tidal Investments LLC increased its stake in shares of Enlight Renewable Energy by 11.3% in the 3rd quarter. Tidal Investments LLC now owns 18,241 shares of the company’s stock worth $308,000 after purchasing an additional 1,852 shares in the last quarter. 38.89% of the stock is 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.