Barclays Issues Positive Forecast for Enlight Renewable Energy (NASDAQ:ENLT) Stock Price

Enlight Renewable Energy (NASDAQ:ENLT) had its target price hoisted by Barclays from $20.00 to $21.00 in a research note issued to investors on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

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

Enlight Renewable Energy Trading Down 0.9 %

Shares of ENLT traded down $0.14 during trading hours on Friday, reaching $16.23. 8,114 shares of the company traded hands, compared to its average volume of 25,990. The stock’s fifty day moving average price is $15.88 and its 200 day moving average price is $16.33. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 36.84 and a beta of 1.71. Enlight Renewable Energy has a 12-month low of $14.09 and a 12-month high of $20.00.

Hedge Funds Weigh In On Enlight Renewable Energy

Several large investors have recently made changes to their positions in the company. Y.D. More Investments Ltd raised its holdings in Enlight Renewable Energy by 94,919.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 1,957,405 shares of the company’s stock worth $31,166,000 after purchasing an additional 1,955,345 shares during the period. Tidal Investments LLC purchased a new position in shares of Enlight Renewable Energy during the 1st quarter valued at approximately $254,000. Swiss National Bank grew its stake in Enlight Renewable Energy by 1.3% in the 1st quarter. Swiss National Bank now owns 236,337 shares of the company’s stock valued at $3,954,000 after acquiring an additional 3,045 shares during the period. Susquehanna International Group Ltd. purchased a new stake in Enlight Renewable Energy in the 2nd quarter worth $253,000. Finally, Vanguard Group Inc. raised its position in Enlight Renewable Energy by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,001,391 shares of the company’s stock worth $67,704,000 after acquiring an additional 29,249 shares during the period. 38.89% of the stock is currently owned by institutional investors and hedge funds.

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.