Enlight Renewable Energy (NASDAQ:ENLT) Director Sells $136,928.58 in Stock

by · The Cerbat Gem

Enlight Renewable Energy Ltd. (NASDAQ:ENLTGet Free Report) 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 value of $136,928.58. Following the transaction, the director directly owned 3,766 shares in the company, valued at $383,115.18. This trade represents a 26.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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 value of $213,705.68.

Enlight Renewable Energy Price Performance

Shares of ENLT opened at $107.42 on Friday. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 249.82, a price-to-earnings-growth ratio of 38.92 and a beta of 1.51. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.77. Enlight Renewable Energy Ltd. has a one year low of $18.22 and a one year high of $108.65. The stock’s fifty day moving average is $82.97 and its 200-day moving average is $63.64.

Enlight Renewable Energy (NASDAQ:ENLTGet Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The company 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%. Equities analysts anticipate that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ENLT. UBS Group raised their price target on Enlight Renewable Energy from $105.00 to $123.00 and gave the company a “buy” rating in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Mizuho set a $37.00 target price on Enlight Renewable Energy in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. raised their target price on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $63.17.

Get Our Latest Analysis on Enlight Renewable Energy

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ENLT. Amundi boosted its stake in Enlight Renewable Energy by 2.3% during the first quarter. Amundi now owns 74,681 shares of the company’s stock valued at $1,160,000 after buying an additional 1,647 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Enlight Renewable Energy by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 108,157 shares of the company’s stock valued at $2,458,000 after purchasing an additional 773 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Enlight Renewable Energy in the 2nd quarter worth about $815,000. First Trust Advisors LP increased its stake in Enlight Renewable Energy by 9.6% in the 2nd quarter. First Trust Advisors LP now owns 70,516 shares of the company’s stock worth $1,600,000 after purchasing an additional 6,201 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Enlight Renewable Energy by 9.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 279,789 shares of the company’s stock worth $6,348,000 after purchasing an additional 24,653 shares in the last quarter. Institutional investors own 38.89% of the company’s stock.

Key Stories Impacting Enlight Renewable Energy

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

  • Positive Sentiment: UBS Group raised its price target on Enlight Renewable Energy (ENLT) to $123 from $105 and kept a buy rating, reinforcing bullish sentiment around the stock’s growth outlook. UBS Raises Price Target on Enlight Renewable Energy
  • Positive Sentiment: The company recently signed a 200 MW solar power purchase agreement with Google for data center operations in Oklahoma, a high-profile contract that improves revenue visibility and expands its U.S. presence. Google PPA announcement
  • Neutral Sentiment: Recent analyst commentary remains mixed overall, with some firms bullish and others cautious, but the higher target from UBS adds to the improving sentiment profile. Analyst coverage summary
  • Negative Sentiment: Multiple insiders have sold shares in recent days, including Director Yitzhak Betzalel and SVP Meron Carr, which may make some investors cautious even as the stock price has risen sharply. Insider sales report

Enlight Renewable Energy Company Profile

(Get Free Report)

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.

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