Enlight Renewable Energy (NASDAQ:ENLT) Posts Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Enlight Renewable Energy (NASDAQ:ENLT) issued its quarterly earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.17, Zacks reports. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. Enlight Renewable Energy updated its FY 2025 guidance to EPS.

Enlight Renewable Energy Price Performance

ENLT stock opened at $17.05 on Wednesday. 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 company’s 50-day moving average is $16.65 and its 200-day moving average is $16.23. The stock has a market capitalization of $1.96 billion, a PE ratio of 38.75 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.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ENLT. Barclays lifted their price target on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, November 15th. JPMorgan Chase & Co. upped their price target 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.

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.