Key Points
- Enlight Renewable Energy Vice Chairman Yair Seroussi sold shares on May 7, offloading 22,505 shares at an average price of $90.63 for about $2.04 million. He also sold 3,033 more shares on May 8 at $89.04.
- After the sale, Seroussi’s direct stake fell to 14,233 shares, a 61.26% decrease in his ownership of the stock.
- ENLT shares were trading higher at $93.77, near their 52-week high of $96.00, while analysts currently rate the stock a consensus "Hold" with an average price target of $60.17.
Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Get Free Report) VP Lisa Haimovitz sold 737 shares of the business's stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $92.75, for a total value of $68,356.75. Following the sale, the vice president owned 13,026 shares in the company, valued at approximately $1,208,161.50. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Enlight Renewable Energy Trading Up 3.6%
Shares of ENLT stock opened at $93.77 on Tuesday. The stock has a market cap of $11.12 billion, a P/E ratio of 218.07, a P/E/G ratio of 26.35 and a beta of 1.51. 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 Ltd. has a fifty-two week low of $16.87 and a fifty-two week high of $96.00. The business has a fifty day simple moving average of $77.26 and a 200-day simple moving average of $58.05.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The business had revenue of $156.49 million for the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. On average, analysts forecast that Enlight Renewable Energy Ltd. will post 0.37 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Enlight Renewable Energy
Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake 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 valued at $28,000 after buying an additional 881 shares during the period. V Square Quantitative Management LLC purchased a new stake in Enlight Renewable Energy in the 4th quarter worth approximately $56,000. Savant Capital LLC acquired a new position in Enlight Renewable Energy in the 4th quarter valued at $241,000. Mackenzie Financial Corp acquired a new position in Enlight Renewable Energy in the 4th quarter valued at $277,000. Finally, AQR Capital Management LLC purchased a new position in shares of Enlight Renewable Energy during the 4th quarter worth $283,000. Institutional investors and hedge funds own 38.89% of the company's stock.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $65.00 price target on shares of Enlight Renewable Energy and gave the company a "hold" rating in a research report on Thursday, April 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. Barclays reiterated an "overweight" rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Mizuho set a $37.00 price target on Enlight Renewable Energy in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an "underweight" rating in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $60.17.
Check Out Our Latest Stock Report on ENLT
Enlight Renewable Energy News Roundup
Here are the key news stories impacting Enlight Renewable Energy this week:
- Positive Sentiment: UBS raised its price target on Enlight Renewable Energy (ENLT) to $105 from $93 and kept a Buy rating, which can support investor confidence in the stock’s longer-term growth outlook. Article Title
- Neutral Sentiment: Shares have been trading near their 52-week high after a strong multi-month run, suggesting momentum remains a positive backdrop even though the stock already looks stretched on valuation. Article Title
- Neutral Sentiment: The company’s Vice Chairman, Yair Seroussi, sold 22,505 shares and separately sold 3,033 shares last week, while VP Lisa Haimovitz also sold stock. Insider selling can weigh on sentiment, but these transactions do not necessarily change the business fundamentals. Article Title
- Negative Sentiment: GuruFocus said ENLT may be overvalued after the recent rally, which could cap upside as investors weigh the stock’s rich earnings multiple against its growth story. Article Title
About Enlight Renewable Energy
(
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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