Enlight Renewable Energy (NASDAQ:ENLT) Vice Chairman Yair Seroussi Sells 14,372 Shares

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Vice Chairman Yair Seroussi sold 14,372 shares of the business’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 transaction of $1,341,482.48. Following the transaction, the insider directly owned 14,233 shares of the company’s stock, valued at $1,328,508.22. The trade was a 50.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 transaction 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 transaction of $2,039,628.15.

Enlight Renewable Energy Stock Up 12.3%

ENLT opened at $103.56 on Wednesday. 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 firm has a 50 day moving average price of $81.25 and a 200-day moving average price of $62.37. Enlight Renewable Energy Ltd. has a twelve month low of $18.15 and a twelve month high of $103.88. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 240.84, a PEG ratio of 33.42 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share 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. Equities research analysts forecast that Enlight Renewable Energy Ltd. will post 0.29 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. JPMorgan Chase & Co. boosted their price objective 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. Deutsche Bank Aktiengesellschaft set a $65.00 target price on shares of Enlight Renewable Energy and gave the company a “hold” rating in a report on Thursday, April 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Finally, Mizuho set a $37.00 target price on shares of Enlight Renewable Energy in a report on Monday, February 23rd. Three investment 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $60.17.

Hedge Funds Weigh In On Enlight Renewable Energy

A number of hedge funds have recently modified their holdings of ENLT. BNP Paribas Financial Markets boosted its position in shares of Enlight Renewable Energy by 256.1% in the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 881 shares during the period. State of Wyoming bought a new position in shares of Enlight Renewable Energy in the first quarter worth approximately $41,000. V Square Quantitative Management LLC bought a new position in shares of Enlight Renewable Energy in the fourth quarter worth approximately $56,000. Walleye Capital LLC bought a new position in shares of Enlight Renewable Energy in the first quarter worth approximately $240,000. Finally, Savant Capital LLC bought a new position in shares of Enlight Renewable Energy in the fourth quarter worth approximately $241,000. 38.89% of the stock is currently 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.