Enlight Retained Earnings vs Common Stock Analysis

ENLT Stock   16.40  0.59  3.73%   
Enlight Renewable financial indicator trend analysis is much more than just examining Enlight Renewable Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enlight Renewable Energy is a good investment. Please check the relationship between Enlight Renewable Retained Earnings and its Common Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enlight Renewable Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Retained Earnings vs Common Stock

Retained Earnings vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enlight Renewable Energy Retained Earnings account and Common Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Enlight Renewable's Retained Earnings and Common Stock is -0.39. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock in the same time period over historical financial statements of Enlight Renewable Energy, assuming nothing else is changed. The correlation between historical values of Enlight Renewable's Retained Earnings and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Enlight Renewable Energy are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Retained Earnings i.e., Enlight Renewable's Retained Earnings and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.39
Relationship DirectionNegative 
Relationship StrengthInsignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Common Stock

Most indicators from Enlight Renewable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enlight Renewable Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enlight Renewable Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At this time, Enlight Renewable's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 306.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 16 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit197.8M111.1M139.1M80.7M
Total Revenue330.9M192.1M255.7M179.2M

Enlight Renewable fundamental ratios Correlations

0.720.690.660.660.770.760.810.70.150.290.590.730.510.570.620.690.780.70.640.390.030.040.520.41-0.83
0.721.00.780.840.970.970.320.99-0.210.280.91.00.840.910.770.990.931.00.960.60.670.60.860.22-0.8
0.691.00.770.830.950.950.31.0-0.20.280.891.00.850.910.760.990.91.00.950.610.70.640.860.19-0.79
0.660.780.770.930.780.80.40.79-0.480.00.560.790.60.580.860.710.760.770.70.650.430.360.87-0.17-0.92
0.660.840.830.930.850.850.320.85-0.350.20.630.840.680.640.760.770.840.830.790.810.540.430.81-0.19-0.84
0.770.970.950.780.850.980.380.94-0.210.270.890.970.790.880.770.940.970.960.940.570.580.470.810.26-0.82
0.760.970.950.80.850.980.340.95-0.310.180.840.970.770.820.830.940.970.960.90.520.560.430.820.28-0.86
0.810.320.30.40.320.380.340.30.430.420.290.330.150.260.390.30.320.310.290.23-0.34-0.240.160.36-0.51
0.70.991.00.790.850.940.950.3-0.210.250.850.990.850.880.770.990.91.00.930.620.690.640.870.16-0.81
0.15-0.21-0.2-0.48-0.35-0.21-0.310.43-0.210.59-0.07-0.22-0.13-0.06-0.5-0.16-0.26-0.2-0.14-0.05-0.39-0.15-0.530.350.37
0.290.280.280.00.20.270.180.420.250.590.430.250.340.4-0.070.290.130.280.410.540.130.030.020.150.07
0.590.90.890.560.630.890.840.290.85-0.070.430.880.770.990.580.910.790.90.960.50.660.550.750.33-0.56
0.731.01.00.790.840.970.970.330.99-0.220.250.880.830.890.790.990.931.00.940.580.660.590.850.23-0.82
0.510.840.850.60.680.790.770.150.85-0.130.340.770.830.780.440.840.730.840.850.650.780.510.760.01-0.55
0.570.910.910.580.640.880.820.260.88-0.060.40.990.890.780.590.930.780.910.970.520.70.650.780.28-0.57
0.620.770.760.860.760.770.830.390.77-0.5-0.070.580.790.440.590.740.720.770.640.340.340.370.760.17-0.87
0.690.990.990.710.770.940.940.30.99-0.160.290.910.990.840.930.740.880.990.950.540.690.640.840.28-0.75
0.780.930.90.760.840.970.970.320.9-0.260.130.790.930.730.780.720.880.910.870.520.520.40.760.24-0.85
0.71.01.00.770.830.960.960.311.0-0.20.280.91.00.840.910.770.990.910.950.60.690.630.860.21-0.79
0.640.960.950.70.790.940.90.290.93-0.140.410.960.940.850.970.640.950.870.950.670.730.590.840.15-0.67
0.390.60.610.650.810.570.520.230.62-0.050.540.50.580.650.520.340.540.520.60.670.580.40.62-0.48-0.45
0.030.670.70.430.540.580.56-0.340.69-0.390.130.660.660.780.70.340.690.520.690.730.580.790.72-0.28-0.28
0.040.60.640.360.430.470.43-0.240.64-0.150.030.550.590.510.650.370.640.40.630.590.40.790.57-0.12-0.27
0.520.860.860.870.810.810.820.160.87-0.530.020.750.850.760.780.760.840.760.860.840.620.720.57-0.14-0.81
0.410.220.19-0.17-0.190.260.280.360.160.350.150.330.230.010.280.170.280.240.210.15-0.48-0.28-0.12-0.14-0.11
-0.83-0.8-0.79-0.92-0.84-0.82-0.86-0.51-0.810.370.07-0.56-0.82-0.55-0.57-0.87-0.75-0.85-0.79-0.67-0.45-0.28-0.27-0.81-0.11
Click cells to compare fundamentals

Enlight Renewable Account Relationship Matchups

Enlight Renewable fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding62.5M78.3M98.1M100.0M123.9M130.1M
Total Assets4.5B5.8B8.8B3.5B4.6B3.3B
Short Long Term Debt Total2.8B3.8B5.7B2.2B2.7B2.1B
Other Current Liab111.5M785.2M512.5M104.9M371.3M389.9M
Total Current Liabilities394.1M1.0B625.3M385.1M583.3M358.3M
Total Stockholder Equity1.0B1.2B1.7B803.6M1.2B616.7M
Property Plant And Equipment Net2.0B3.3B5.0B2.3B3.1B1.5B
Net Debt2.1B3.4B4.8B2.0B2.3B1.8B
Retained Earnings7.2M(143.5M)(107.3M)(7.2M)17.6M18.5M
Accounts Payable119.3M25.6M27.4M10.0M105.6M54.9M
Cash683.2M319.3M827.1M193.7M403.8M287.0M
Non Current Assets Total3.4B5.0B7.5B3.1B4.0B2.7B
Non Currrent Assets Other1.3B1.3B1.8B464.8M547.6M669.2M
Cash And Short Term Investments755.2M423.9M980.6M231.7M409.1M351.8M
Liabilities And Stockholders Equity4.5B5.8B8.8B3.5B4.6B3.3B
Non Current Liabilities Total2.7B3.1B5.8B2.1B2.6B2.1B
Other Stockholder Equity1.0B1.4B1.7B1.3B1.1B670.7M
Total Liab3.1B4.2B6.5B2.5B3.2B2.4B
Total Current Assets1.1B880.3M1.3B423.4M664.6M518.4M
Short Term Debt163.3M236.6M85.4M58.5M106.4M103.2M
Common Stock7.5M8.2M9.2M2.8M912.1K866.5K
Short Term Investments72.1M104.5M153.5M37.9M5.3M5.0M
Intangible Assets193.7M291.2M307.7M131.5M139.8M210.2M

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Additional Tools for Enlight Stock Analysis

When running Enlight Renewable's price analysis, check to measure Enlight Renewable's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enlight Renewable is operating at the current time. Most of Enlight Renewable's value examination focuses on studying past and present price action to predict the probability of Enlight Renewable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enlight Renewable's price. Additionally, you may evaluate how the addition of Enlight Renewable to your portfolios can decrease your overall portfolio volatility.