Enlight Renewable Energy (NASDAQ:ENLT) Vice Chairman Sells $1,341,482.48 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Vice Chairman Yair Seroussi sold 14,372 shares of the company’s stock in a transaction that occurred on Monday, May 25th. The shares were sold at an average price of $93.34, for a total value of $1,341,482.48. Following the completion of the sale, the insider owned 14,233 shares in the company, valued at $1,328,508.22. This represents a 50.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Yair Seroussi also recently made the following trade(s):

• On Friday, May 8th, Yair Seroussi sold 3,033 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $89.04, for a total value of $270,058.32.
• On Thursday, May 7th, Yair Seroussi sold 22,505 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $90.63, for a total value of $2,039,628.15.

Enlight Renewable Energy Price Performance

NASDAQ:ENLT opened at $102.70 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. The stock’s 50 day moving average price is $82.36 and its two-hundred day moving average price is $63.33. The firm has a market capitalization of $12.18 billion, a price-to-earnings ratio of 238.84, a P/E/G ratio of 37.13 and a beta of 1.51. Enlight Renewable Energy Ltd. has a 12-month low of $18.22 and a 12-month high of $106.47.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ENLT shares. UBS Group raised their target price on shares of Enlight Renewable Energy from $93.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Mizuho set a $37.00 target price on shares of Enlight Renewable Energy in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft set a $65.00 target price on shares of Enlight Renewable Energy and gave the stock a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings restated a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Enlight Renewable Energy has an average rating of “Hold” and a consensus price target of $60.17.

Institutional Investors Weigh In On Enlight Renewable Energy

A number of large investors have recently added to or reduced their stakes in ENLT. BNP Paribas Financial Markets grew its position in Enlight Renewable Energy by 256.1% during the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after buying an additional 881 shares in the last quarter. State of Wyoming acquired a new stake in Enlight Renewable Energy during the first quarter worth approximately $41,000. V Square Quantitative Management LLC acquired a new stake in Enlight Renewable Energy during the fourth quarter worth approximately $56,000. Walleye Capital LLC acquired a new stake in Enlight Renewable Energy during the first quarter worth approximately $240,000. Finally, Savant Capital LLC acquired a new stake in Enlight Renewable Energy during the fourth quarter worth approximately $241,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

Trending Headlines about Enlight Renewable Energy

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

• Positive Sentiment: ENLT has been boosted this week by news that it signed a 200 MW AC solar power purchase agreement with Google to support data center operations in Oklahoma, reinforcing growth in its U.S. renewable energy business. Article Title
• Neutral Sentiment: Analysts remain mixed overall, with some firms raising targets while the broader consensus still sits at Hold, suggesting the stock’s sharp run-up may already reflect a lot of optimism.
• Negative Sentiment: Recent insider selling was heavy, including multiple large disposals by executives and directors, which can weigh on sentiment even if the company’s long-term outlook remains intact. Article Title

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.