Is Enlight Renewable Energy (ENLT) the Worst Performing Utility Stock in 2024?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 20 2024
0mins
Should l Buy ?
Source: Yahoo Finance
AI's Role in Energy Sector: CEO Jensen Huang emphasized the transformative potential of artificial intelligence (AI) in the energy and utilities sector, highlighting its ability to optimize energy distribution, reduce waste, and enable new business models like peer-to-peer energy trading.
Enlight Renewable Energy Performance: Enlight Renewable Energy (NASDAQ:ENLT) ranks as one of the worst performing utility stocks in 2024, with a year-to-date decline of 18.47%, despite its significant solar and storage project developments and growth opportunities in the U.S. market.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
