Y.D. More Investments Ltd Raises Stock Position in Enlight Renewable Energy Ltd. $ENLT

Y.D. More Investments Ltd raised its stake in Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,709,733 shares of the company’s stock after purchasing an additional 88,217 shares during the period. Enlight Renewable Energy accounts for 5.8% of Y.D. More Investments Ltd’s holdings, making the stock its 4th biggest holding. Y.D. More Investments Ltd’s holdings in Enlight Renewable Energy were worth $84,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of Enlight Renewable Energy during the second quarter valued at approximately $106,000. Bank of Montreal Can raised its holdings in Enlight Renewable Energy by 6.4% during the second quarter. Bank of Montreal Can now owns 11,021 shares of the company’s stock worth $251,000 after buying an additional 660 shares during the last quarter. TD Asset Management Inc bought a new position in shares of Enlight Renewable Energy in the first quarter valued at $203,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Enlight Renewable Energy by 39.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,081 shares of the company’s stock valued at $320,000 after buying an additional 4,008 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Enlight Renewable Energy during the second quarter worth about $597,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ENLT shares. Roth Capital lifted their target price on Enlight Renewable Energy from $30.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen downgraded shares of Enlight Renewable Energy from a “hold” rating to a “strong sell” rating in a report on Sunday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $30.00 target price on shares of Enlight Renewable Energy in a research note on Wednesday, October 1st. Barclays raised their price target on shares of Enlight Renewable Energy from $34.00 to $41.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Enlight Renewable Energy in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $33.80.

Enlight Renewable Energy Stock Performance

NASDAQ ENLT opened at $37.46 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.70 and a current ratio of 0.88. Enlight Renewable Energy Ltd. has a 52-week low of $14.01 and a 52-week high of $39.62. The company has a 50-day simple moving average of $32.61 and a 200 day simple moving average of $26.17.

Enlight Renewable Energy (NASDAQ:ENLT) last released its earnings results on Wednesday, November 12th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Enlight Renewable Energy had a net margin of 22.60% and a return on equity of 7.41%. The firm had revenue of $165.06 million for the quarter, compared to analysts’ expectations of $146.04 million. Enlight Renewable Energy has set its FY 2025 guidance at EPS. Analysts forecast that Enlight Renewable Energy Ltd. will post 0.41 earnings per share for the current fiscal year.

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.