Y.D. More Investments Ltd Has $172.14 Million Position in Enlight Renewable Energy Ltd. $ENLT

Y.D. More Investments Ltd raised its stake in shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 50.5% during the third quarter, Holdings Channel reports. The firm owned 5,584,817 shares of the company’s stock after buying an additional 1,875,084 shares during the period. Enlight Renewable Energy comprises 9.7% of Y.D. More Investments Ltd’s holdings, making the stock its 2nd biggest holding. Y.D. More Investments Ltd’s holdings in Enlight Renewable Energy were worth $172,143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jane Street Group LLC raised its position in Enlight Renewable Energy by 6.0% in the 2nd quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock worth $258,000 after purchasing an additional 641 shares during the last quarter. Bank of Montreal Can raised its holdings in Enlight Renewable Energy by 6.4% in the second quarter. Bank of Montreal Can now owns 11,021 shares of the company’s stock worth $251,000 after purchasing an additional 660 shares during the period. Geode Capital Management LLC grew its position in shares of Enlight Renewable Energy by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 108,157 shares of the company’s stock valued at $2,458,000 after purchasing an additional 773 shares during the period. BNP Paribas Financial Markets increased its holdings in Enlight Renewable Energy by 256.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 881 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in shares of Enlight Renewable Energy by 8.8% during the second quarter. TD Asset Management Inc now owns 13,821 shares of the company’s stock worth $314,000 after buying an additional 1,114 shares during the period. 38.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ENLT has been the topic of a number of recent research reports. Mizuho lifted their target price on Enlight Renewable Energy from $24.00 to $27.00 and gave the company an “underperform” rating in a research report on Monday, November 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $38.00 price target on shares of Enlight Renewable Energy in a research note on Wednesday, January 7th. UBS Group raised their target price on shares of Enlight Renewable Energy to $65.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Roth Mkm lifted their target price on shares of Enlight Renewable Energy from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $35.00 target price on shares of Enlight Renewable Energy in a report on Monday, December 8th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.83.

Enlight Renewable Energy Stock Performance

Shares of NASDAQ ENLT traded down $0.49 on Friday, reaching $68.31. 9,906 shares of the company’s stock traded hands, compared to its average volume of 121,365. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.67 and a quick ratio of 0.88. The business’s 50 day simple moving average is $52.94 and its two-hundred day simple moving average is $39.42. Enlight Renewable Energy Ltd. has a 12 month low of $14.01 and a 12 month high of $81.28.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its earnings results on Tuesday, February 17th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.17. The business had revenue of $124.19 million during the quarter, compared to analyst estimates of $146.12 million. Enlight Renewable Energy had a return on equity of 7.35% and a net margin of 22.69%. Equities analysts predict that Enlight Renewable Energy Ltd. will post 0.41 EPS for the current year.

About Enlight Renewable Energy

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) is an independent power producer specializing in the development, financing, construction and operation of renewable energy assets. The company’s portfolio encompasses utility-scale solar photovoltaic (PV) farms, onshore wind farms and energy storage facilities. By providing end-to-end project management—from site identification and feasibility studies through engineering procurement and construction (EPC) to long-term operations and maintenance—Enlight seeks to deliver reliable clean power under long-term power purchase agreements (PPAs).

Founded in 2008 and headquartered in Tel Aviv, Enlight has pursued an international growth strategy with operational and development projects in Israel and Western Europe.