Enlight Renewable Energy (NASDAQ:ENLT) Director Sells $256,200.00 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Director Alla Felder sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $102.48, for a total transaction of $256,200.00. Following the completion of the sale, the director owned 2,612 shares of the company’s stock, valued at approximately $267,677.76. This represents a 48.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Enlight Renewable Energy Trading Down 8.2%

NASDAQ:ENLT opened at $95.95 on Thursday. Enlight Renewable Energy Ltd. has a one year low of $18.22 and a one year high of $108.65. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $11.38 billion, a P/E ratio of 223.14, a P/E/G ratio of 37.88 and a beta of 1.56. The firm has a 50-day simple moving average of $84.63 and a 200-day simple moving average of $65.19.

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 business had revenue of $156.49 million during the quarter. Equities analysts anticipate that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ENLT has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target 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. Mizuho set a $37.00 price target on shares of Enlight Renewable Energy in a report on Monday, February 23rd. UBS Group boosted their price target on shares of Enlight Renewable Energy from $105.00 to $123.00 and gave the company a “buy” rating in a report on Friday, May 29th. Weiss Ratings restated a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Finally, Barclays reiterated an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Enlight Renewable Energy has a consensus rating of “Hold” and a consensus target price of $63.17.

Institutional Trading of Enlight Renewable Energy

Several large investors have recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd grew its position in Enlight Renewable Energy by 18.2% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 11,688,077 shares of the company’s stock worth $774,113,000 after purchasing an additional 1,797,936 shares during the last quarter. Y.D. More Investments Ltd grew its position in Enlight Renewable Energy by 4.5% during the 4th quarter. Y.D. More Investments Ltd now owns 5,837,263 shares of the company’s stock worth $264,965,000 after purchasing an additional 252,446 shares during the last quarter. Vanguard Group Inc. grew its position in Enlight Renewable Energy by 11.3% during the 4th quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company’s stock worth $225,058,000 after purchasing an additional 503,060 shares during the last quarter. Altshuler Shaham Ltd grew its position in Enlight Renewable Energy by 705.5% during the 1st quarter. Altshuler Shaham Ltd now owns 4,712,641 shares of the company’s stock worth $311,645,000 after purchasing an additional 4,127,573 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Enlight Renewable Energy by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 1,920,888 shares of the company’s stock worth $59,253,000 after purchasing an additional 53,103 shares during the last quarter. Hedge funds and other institutional investors own 38.89% of the company’s stock.

Enlight Renewable Energy Company Profile

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.