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

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

Enlight Renewable Energy Trading Up 0.4 %

ENLT stock opened at $17.05 on Wednesday. Enlight Renewable Energy has a one year low of $14.09 and a one year high of $18.48. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 38.75 and a beta of 1.51. The company has a fifty day moving average price of $16.65 and a two-hundred day moving average price of $16.23. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.53.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ENLT shares. Barclays boosted their target price on Enlight Renewable Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. increased their target price on Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note 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.