Enlight Renewable Energy (NASDAQ:ENLT) Director Shai Yeshayahu Weil Sells 73,436 Shares

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Director Shai Yeshayahu Weil sold 73,436 shares of Enlight Renewable Energy stock in a transaction dated Monday, May 25th. The shares were sold at an average price of $93.68, for a total transaction of $6,879,484.48. Following the transaction, the director directly owned 396,655 shares of the company’s stock, valued at $37,158,640.40. This represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Enlight Renewable Energy Trading Up 12.3%

Shares of ENLT stock opened at $103.56 on Wednesday. Enlight Renewable Energy Ltd. has a 12-month low of $18.15 and a 12-month high of $103.88. The company has a market capitalization of $12.28 billion, a P/E ratio of 240.84, a P/E/G ratio of 33.42 and a beta of 1.51. The firm has a 50-day moving average price of $81.25 and a 200 day moving average price of $62.37. 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 (NASDAQ:ENLT) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. The firm had revenue of $156.49 million during the quarter. Research analysts forecast that Enlight Renewable Energy Ltd. will post 0.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ENLT shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. Mizuho set a $37.00 price objective on Enlight Renewable Energy in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on Enlight Renewable Energy and gave the company a “hold” rating in a research report on Thursday, April 9th. UBS Group lifted their price objective on Enlight Renewable Energy from $93.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted 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 research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $60.17.

Hedge Funds Weigh In On Enlight Renewable Energy

A number of institutional investors have recently modified their holdings of ENLT. BNP Paribas Financial Markets raised its position in shares of 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 acquiring an additional 881 shares during the last quarter. State of Wyoming bought a new stake in shares of Enlight Renewable Energy during the first quarter worth $41,000. V Square Quantitative Management LLC bought a new stake in shares of Enlight Renewable Energy during the fourth quarter worth $56,000. Walleye Capital LLC bought a new stake in shares of Enlight Renewable Energy during the first quarter worth $240,000. Finally, Savant Capital LLC bought a new stake in shares of Enlight Renewable Energy during the fourth quarter worth $241,000. 38.89% of the stock is owned by institutional investors.

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.