Enlight Renewable Energy Ltd (NASDAQ:ENLT – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 164,000 shares, a growth of 13.6% from the July 15th total of 144,400 shares. Based on an average daily trading volume, of 64,200 shares, the short-interest ratio is presently 2.6 days. Currently, 0.1% of the shares of the company are short sold.
Enlight Renewable Energy Stock Performance
Shares of NASDAQ:ENLT opened at $17.47 on Monday. The firm has a 50 day moving average price of $18.57. Enlight Renewable Energy has a 12 month low of $15.33 and a 12 month high of $29.70. The company has a quick ratio of 1.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.50.
Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $52.56 million during the quarter, compared to analysts’ expectations of $69.08 million. Enlight Renewable Energy had a net margin of 25.17% and a return on equity of 5.76%. As a group, equities research analysts predict that Enlight Renewable Energy will post 0.53 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on ENLT
Hedge Funds Weigh In On Enlight Renewable Energy
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Credit Suisse AG increased its position in Enlight Renewable Energy by 26.8% in the 2nd quarter. Credit Suisse AG now owns 271,922 shares of the company’s stock valued at $4,827,000 after acquiring an additional 57,478 shares during the period. Geode Capital Management LLC boosted its stake in shares of Enlight Renewable Energy by 5.4% in the 2nd quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock valued at $1,608,000 after purchasing an additional 4,608 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Enlight Renewable Energy by 134.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 725,288 shares of the company’s stock valued at $12,874,000 after purchasing an additional 415,505 shares during the last quarter. FWL Investment Management LLC bought a new stake in shares of Enlight Renewable Energy in the 2nd quarter valued at $353,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Enlight Renewable Energy by 8.2% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,352,487 shares of the company’s stock valued at $111,935,000 after purchasing an additional 479,382 shares during the last quarter. 27.41% of the stock is currently owned by institutional investors and hedge funds.
Enlight Renewable Energy Company Profile
Enlight Renewable Energy Ltd operates as a renewable energy platform in Israel and internationally. The company initiates, plans, develops, constructs, and operates projects to produce electricity from renewable energy sources. It develops wind energy and solar energy projects, as well as energy storage projects.
Featured Articles
- Five stocks we like better than Enlight Renewable Energy
- How to Buy Bitcoin Stock: 3 Easy Ways to Do It
- MarketBeat Week in Review – 8/7 – 8/11
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- 3 Retailers To Watch Closely Next Week
- How to Buy Cheap Stocks Step by Step
- Investing in Coffee: 3 Great Strategies to Consider
Receive News & Ratings for Enlight Renewable Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enlight Renewable Energy and related companies with MarketBeat.com's FREE daily email newsletter.
