Ilan Goren Sells 26,622 Shares of Enlight Renewable Energy (NASDAQ:ENLT) Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) insider Ilan Goren sold 26,622 shares of Enlight Renewable Energy stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $103.76, for a total transaction of $2,762,298.72. Following the sale, the insider directly owned 42,835 shares of the company’s stock, valued at $4,444,559.60. This represents a 38.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Enlight Renewable Energy Stock Performance

Shares of Enlight Renewable Energy stock opened at $107.42 on Friday. The firm has a fifty day moving average of $82.97 and a two-hundred day moving average of $63.64. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 249.82, a PEG ratio of 37.21 and a beta of 1.51. Enlight Renewable Energy Ltd. has a 52 week low of $18.22 and a 52 week high of $108.65.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The business 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%. As a group, equities research analysts predict that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased 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 in the last quarter. State of Wyoming bought a new stake in Enlight Renewable Energy in the 1st quarter valued at $41,000. V Square Quantitative Management LLC acquired a new position in Enlight Renewable Energy in the 4th quarter worth $56,000. Walleye Capital LLC bought a new position in Enlight Renewable Energy during the 1st quarter worth about $240,000. Finally, Savant Capital LLC bought a new position in Enlight Renewable Energy during the 4th quarter worth about $241,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

Analysts Set New Price Targets

ENLT has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. JPMorgan Chase & Co. lifted their price objective 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. Mizuho set a $37.00 price objective on shares of Enlight Renewable Energy in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft set a $65.00 target price on shares of Enlight Renewable Energy and gave the company a “hold” rating in a research note on Thursday, April 9th. Finally, UBS Group lifted their price target on shares of Enlight Renewable Energy from $105.00 to $123.00 and gave the stock a “buy” rating in a research report on Friday. Three 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. According to data from MarketBeat, Enlight Renewable Energy currently has a consensus rating of “Hold” and an average price target of $63.17.

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.