Enlight Renewable Energy (NASDAQ:ENLT) Given New $123.00 Price Target at UBS Group

Enlight Renewable Energy (NASDAQ:ENLT) had its price objective upped by UBS Group from $105.00 to $123.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Barclays restated an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on shares of Enlight Renewable Energy and gave the stock a “hold” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. boosted their price objective on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Finally, Mizuho set a $37.00 price target on shares of Enlight Renewable Energy in a report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $63.17.

Enlight Renewable Energy Price Performance

ENLT stock opened at $107.42 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77. Enlight Renewable Energy has a one year low of $18.22 and a one year high of $108.65. The stock has a market cap of $12.74 billion, a PE ratio of 249.82, a P/E/G ratio of 37.21 and a beta of 1.51. The firm has a 50 day simple moving average of $82.97 and a two-hundred day simple moving average of $63.64.

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

Insider Activity at Enlight Renewable Energy

In related news, VP Lisa Haimovitz sold 2,807 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $103.75, for a total transaction of $291,226.25. Following the completion of the sale, the vice president directly owned 13,026 shares in the company, valued at $1,351,447.50. This represents a 17.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Yitzhak Betzalel sold 2,062 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $103.64, for a total transaction of $213,705.68. Following the sale, the director owned 2 shares of the company’s stock, valued at $207.28. This represents a 99.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 285,792 shares of company stock worth $26,913,850 over the last ninety days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ENLT. BNP Paribas Financial Markets increased its stake in shares of Enlight Renewable Energy by 256.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 881 shares in the last quarter. State of Wyoming bought a new position in shares of Enlight Renewable Energy in the 1st quarter worth about $41,000. V Square Quantitative Management LLC bought a new position in shares of Enlight Renewable Energy in the 4th quarter worth about $56,000. Walleye Capital LLC bought a new position in shares of Enlight Renewable Energy in the 1st quarter worth about $240,000. Finally, Savant Capital LLC bought a new position in shares of Enlight Renewable Energy in the 4th quarter worth about $241,000. 38.89% of the stock is currently owned by institutional investors.

Enlight Renewable Energy News Roundup

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.
• 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

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.