Enlight Renewable Energy (NASDAQ:ENLT) Chairman Gilad Yavetz Sells 100,000 Shares of Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Chairman Gilad Yavetz sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $91.78, for a total transaction of $9,178,000.00. Following the transaction, the chairman owned 846,436 shares of the company’s stock, valued at $77,685,896.08. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Enlight Renewable Energy Trading Down 0.3%

NASDAQ ENLT opened at $91.82 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.68. Enlight Renewable Energy Ltd. has a 52 week low of $16.87 and a 52 week high of $96.00. The stock has a market capitalization of $10.89 billion, a PE ratio of 213.54, a price-to-earnings-growth ratio of 26.82 and a beta of 1.51. The firm has a 50 day moving average of $78.50 and a two-hundred day moving average of $59.27.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. The company had revenue of $156.49 million during the quarter. As a group, research analysts expect that Enlight Renewable Energy Ltd. will post 0.37 EPS for the current fiscal year.

Institutional Trading of Enlight Renewable Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Enlight Renewable Energy by 18.2% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 11,688,077 shares of the company’s stock worth $774,113,000 after acquiring an additional 1,797,936 shares during the period. Y.D. More Investments Ltd lifted its stake in shares of Enlight Renewable Energy by 4.5% in the 4th quarter. Y.D. More Investments Ltd now owns 5,837,263 shares of the company’s stock worth $264,965,000 after acquiring an additional 252,446 shares during the period. Vanguard Group Inc. lifted its stake in shares of Enlight Renewable Energy by 11.3% in the 4th quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company’s stock worth $225,058,000 after acquiring an additional 503,060 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Enlight Renewable Energy by 3.9% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,722,610 shares of the company’s stock worth $84,837,000 after acquiring an additional 103,430 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Enlight Renewable Energy by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 1,920,888 shares of the company’s stock worth $59,253,000 after acquiring an additional 53,103 shares during the period. 38.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $65.00 target price on shares of Enlight Renewable Energy and gave the company a “hold” rating in a report on Thursday, April 9th. Barclays restated an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Mizuho set a $37.00 target price on shares of Enlight Renewable Energy in a report on Monday, February 23rd. Finally, UBS Group upped their target price on shares of Enlight Renewable Energy from $93.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Enlight Renewable Energy presently has an average rating of “Hold” and a consensus price target of $60.17.

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.