Mizuho Securities Keeps Their Sell Rating on Enlight Renewable Energy (ENLT)
In a report released today, Maheep Mandloi from Mizuho Securities maintained a Sell rating on Enlight Renewable Energy, with a price target of $43.44.
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Mandloi covers the Technology sector, focusing on stocks such as Enphase Energy, Nextpower Inc, and Canadian Solar. According to TipRanks, Mandloi has an average return of 4.5% and a 45.00% success rate on recommended stocks.
In a report released on December 8, J.P. Morgan also downgraded the stock to a Sell with a $35.00 price target.
Based on Enlight Renewable Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of USD138.54 million and a net profit of USD22.03 million. In comparison, last year the company earned a revenue of USD109.5 million and had a net profit of USD14.25 million
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