Enlight Renewable Energy (NASDAQ:ENLT) Director Yitzhak Betzalel Sells 1,346 Shares of Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Director Yitzhak Betzalel sold 1,346 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $101.73, for a total transaction of $136,928.58. Following the sale, the director owned 3,766 shares in the company, valued at $383,115.18. The trade was a 26.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Yitzhak Betzalel also recently made the following trade(s):

• On Thursday, May 28th, Yitzhak Betzalel sold 2,062 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $103.64, for a total transaction of $213,705.68.

Enlight Renewable Energy Stock Performance

Shares of NASDAQ ENLT opened at $102.70 on Friday. 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 company has a market cap of $12.18 billion, a P/E ratio of 238.84, a P/E/G ratio of 37.13 and a beta of 1.51. The firm’s fifty day moving average is $82.36 and its two-hundred day moving average is $63.33. Enlight Renewable Energy Ltd. has a 52-week low of $18.22 and a 52-week high of $106.47.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $156.49 million for the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. As a group, analysts anticipate that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Key Headlines Impacting Enlight Renewable Energy

Here are the key news stories impacting Enlight Renewable Energy this week:

• Positive Sentiment: Enlight’s Google solar PPA adds a high-profile customer, expands its U.S. commercial presence, and reinforces revenue visibility from long-term clean energy contracts. Article Title
• Positive Sentiment: Analysts have raised price targets recently, with UBS lifting its target to $105 and keeping a buy rating, which may be helping sentiment around the stock’s strong run.
• Neutral Sentiment: Hedge funds and other institutions remain active in the name, with several recent stake additions indicating continued interest from professional investors.
• Negative Sentiment: Multiple insiders have sold shares over the past several days, including SVP Meron Carr, Director Yitzhak Betzalel, insider Ilan Goren, and VP Lisa Haimovitz. Heavy insider selling can make some investors cautious after the stock’s sharp rally. Article Title

Institutional Investors Weigh In On Enlight Renewable Energy

Several large investors have recently added to or reduced their stakes in ENLT. Altshuler Shaham Ltd boosted its position in Enlight Renewable Energy by 705.5% in the 1st quarter. Altshuler Shaham Ltd now owns 4,712,641 shares of the company’s stock valued at $311,645,000 after buying an additional 4,127,573 shares during the period. Y.D. More Investments Ltd boosted its position in Enlight Renewable Energy by 50.5% in the 3rd quarter. Y.D. More Investments Ltd now owns 5,584,817 shares of the company’s stock valued at $172,143,000 after buying an additional 1,875,084 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its holdings 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 acquiring an additional 1,797,936 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 acquiring an additional 503,060 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Enlight Renewable Energy by 68.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 995,347 shares of the company’s stock worth $66,126,000 after acquiring an additional 404,304 shares in the last quarter. 38.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ENLT has been the topic of a number of research reports. JPMorgan Chase & Co. lifted 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Mizuho set a $37.00 price objective on shares of Enlight Renewable Energy in a research note on Monday, February 23rd. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft set a $65.00 price objective on shares of Enlight Renewable Energy and gave the stock a “hold” rating in a research note on Thursday, April 9th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.