Key Points
- Chairman Gilad Yavetz sold 100,000 shares of Enlight Renewable Energy on May 13 at an average price of $91.78, generating about $9.18 million. After the sale, he still held 846,436 shares, a 10.57% reduction in his position.
- ENLT stock was down 0.3% and recently traded around $91.82, near its 52-week high of $96.00. The company now has a market value of about $10.89 billion.
- Analysts remain cautious overall despite some upbeat targets: the consensus rating is “Hold” with an average price target of $60.17, though UBS recently lifted its target to $105 and rated the stock a buy.
Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Get Free Report) VP Lisa Haimovitz sold 620 shares of the company's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $93.84, for a total value of $58,180.80. Following the completion of the sale, the vice president owned 13,026 shares in the company, valued at $1,222,359.84. This trade represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Lisa Haimovitz also recently made the following trade(s):
- On Tuesday, May 12th, Lisa Haimovitz sold 3,883 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $92.67, for a total value of $359,837.61.
- On Thursday, May 7th, Lisa Haimovitz sold 737 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $92.75, for a total transaction of $68,356.75.
Enlight Renewable Energy Stock Down 0.3%
Shares of NASDAQ:ENLT opened at $91.82 on Friday. The company's fifty day moving average is $78.50 and its 200-day moving average is $59.27. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.77. Enlight Renewable Energy Ltd. has a 52 week low of $16.87 and a 52 week high of $96.00. The company has a market capitalization of $10.89 billion, a PE ratio of 213.54, a P/E/G ratio of 26.82 and a beta of 1.51.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last announced its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. The business had revenue of $156.49 million during the quarter. Equities research analysts predict that Enlight Renewable Energy Ltd. will post 0.37 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have recently issued reports on ENLT. UBS Group lifted their target price on shares of Enlight Renewable Energy from $93.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. raised their price target on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an "underweight" rating in a report on Wednesday, May 6th. Mizuho set a $37.00 price objective on Enlight Renewable Energy in a research report on Monday, February 23rd. Barclays reissued an "overweight" rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft set a $65.00 target price on Enlight Renewable Energy and gave the stock a "hold" rating in a report on Thursday, April 9th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $60.17.
Check Out Our Latest Analysis on ENLT
Hedge Funds Weigh In On Enlight Renewable Energy
Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its holdings in shares of Enlight Renewable Energy by 0.3% in the first quarter. Public Employees Retirement System of Ohio now owns 48,095 shares of the company's stock valued at $3,185,000 after purchasing an additional 127 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Enlight Renewable Energy by 68.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 995,347 shares of the company's stock worth $66,126,000 after buying an additional 404,304 shares in the last quarter. Walleye Capital LLC acquired a new position in Enlight Renewable Energy during the 1st quarter worth $240,000. State of Wyoming bought a new position in Enlight Renewable Energy in the 1st quarter valued at $41,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in Enlight Renewable Energy by 18.2% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 11,688,077 shares of the company's stock valued at $774,113,000 after buying an additional 1,797,936 shares during the last quarter. 38.89% of the stock is currently owned by institutional investors and hedge funds.
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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