Enlight Renewable Energy (NASDAQ:ENLT) Given New $21.00 Price Target at Barclays

Enlight Renewable Energy (NASDAQ:ENLT) had its target price lifted by Barclays from $20.00 to $21.00 in a research report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

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

Enlight Renewable Energy Stock Performance

Enlight Renewable Energy stock traded down $0.14 during midday trading on Friday, hitting $16.23. The stock had a trading volume of 8,114 shares, compared to its average volume of 25,990. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. Enlight Renewable Energy has a 52-week low of $14.09 and a 52-week high of $20.00. The firm’s fifty day moving average is $15.88 and its two-hundred day moving average is $16.33. The company has a market capitalization of $1.88 billion, a PE ratio of 36.84 and a beta of 1.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ENLT. Y.D. More Investments Ltd raised its stake in Enlight Renewable Energy by 94,919.7% during the second quarter. Y.D. More Investments Ltd now owns 1,957,405 shares of the company’s stock valued at $31,166,000 after purchasing an additional 1,955,345 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Enlight Renewable Energy by 4.2% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company’s stock valued at $147,885,000 after buying an additional 353,750 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Enlight Renewable Energy by 3.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,619,180 shares of the company’s stock valued at $42,326,000 after acquiring an additional 76,873 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Enlight Renewable Energy in the third quarter worth about $655,000. Finally, Vanguard Group Inc. increased its stake 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 last quarter. 38.89% of the stock is currently owned by 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.