Key Points
- Insider sale: Enlight Renewable Energy insider Marko Liposcak sold 6,402 shares on May 12 at an average price of $92.53, totaling about $592,377. After the transaction, he still held 32,539 shares.
- Stock performance and valuation: ENLT rose 0.9% and recently traded near its 52-week high of $96.00. The company has a market cap of $10.92 billion and a very high P/E ratio of 214.21.
- Analyst and institutional views: Analysts are split, with a consensus rating of Hold and an average target price of $60.17, though UBS recently raised its target to $105 and rated the stock Buy. Hedge funds and other institutional investors own about 38.89% of the shares.
Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Get Free Report) insider Marko Liposcak sold 6,402 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $92.53, for a total transaction of $592,377.06. Following the sale, the insider directly owned 32,539 shares in the company, valued at $3,010,833.67. This represents a 16.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Enlight Renewable Energy Stock Up 0.9%
Shares of ENLT opened at $92.11 on Thursday. The stock has a market capitalization of $10.92 billion, a PE ratio of 214.21, a P/E/G ratio of 26.58 and a beta of 1.51. Enlight Renewable Energy Ltd. has a 1 year low of $16.87 and a 1 year high of $96.00. 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 company's 50-day simple moving average is $78.11 and its 200-day simple moving average is $58.87.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last issued 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 net margin of 9.47% and a return on equity of 2.48%. Analysts forecast that Enlight Renewable Energy Ltd. will post 0.37 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on ENLT. Barclays reaffirmed an "overweight" rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. JPMorgan Chase & Co. raised their target price 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. UBS Group raised their target price on shares of Enlight Renewable Energy from $93.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. 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 research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Enlight Renewable Energy presently has an average rating of "Hold" and a consensus target price of $60.17.
Check Out Our Latest Stock Analysis on Enlight Renewable Energy
Hedge Funds Weigh In On Enlight Renewable Energy
Several hedge funds have recently added to or reduced their stakes in the stock. Walleye Capital LLC purchased a new position in Enlight Renewable Energy in the first quarter valued at approximately $240,000. State of Wyoming purchased a new position in Enlight Renewable Energy in the first quarter valued at approximately $41,000. Clal Insurance Enterprises Holdings Ltd increased its stake in Enlight Renewable Energy by 18.2% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 11,688,077 shares of the company's stock valued at $774,113,000 after purchasing an additional 1,797,936 shares during the last quarter. SEB Asset Management AB purchased a new position in Enlight Renewable Energy in the first quarter valued at approximately $438,000. Finally, Swiss National Bank increased its stake in Enlight Renewable Energy by 1.3% in the first quarter. Swiss National Bank now owns 264,220 shares of the company's stock valued at $17,477,000 after purchasing an additional 3,273 shares during the last quarter. 38.89% of the stock is currently owned by hedge funds and other institutional investors.
Enlight Renewable Energy Company Profile
(
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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