Key Points
- Insider selling: VP Lisa Haimovitz sold 335 shares of Enlight Renewable Energy on May 14 at an average price of $92.39, trimming her stake by 2.51%. She also sold additional shares on May 7, 12, and 13.
- Stock performance and valuation: ENLT stock was down 3.8% in the article, opening at $82.58, and remains near its 52-week high of $96.00. The company carries a high valuation, with a P/E ratio of 192.05.
- Analyst view remains mixed: Analysts currently have a consensus rating of Hold with an average target price of $60.17, despite some firms issuing buy or overweight calls. UBS is notably bullish with a $105 target, while JPMorgan and Deutsche Bank are more cautious.
Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Get Free Report) VP Lisa Haimovitz sold 335 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $92.39, for a total transaction of $30,950.65. Following the sale, the vice president owned 13,026 shares in the company, valued at $1,203,472.14. This represents a 2.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction of $359,837.61.
- On Wednesday, May 13th, Lisa Haimovitz sold 620 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $93.84, for a total transaction of $58,180.80.
- 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 3.8%
ENLT stock opened at $82.58 on Tuesday. Enlight Renewable Energy Ltd. has a 52-week low of $16.87 and a 52-week high of $96.00. The company's 50 day simple moving average is $78.84 and its 200-day simple moving average is $59.96. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $9.79 billion, a P/E ratio of 192.05, a P/E/G ratio of 25.00 and a beta of 1.51.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last released 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 for the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. As a group, equities research analysts anticipate that Enlight Renewable Energy Ltd. will post 0.37 EPS for the current year.
Analyst Ratings Changes
Several research analysts have weighed in on the stock. Barclays reiterated an "overweight" rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. JPMorgan Chase & Co. upped their price objective on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the company an "underweight" rating in a research note on Wednesday, May 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on shares of Enlight Renewable Energy and gave the company a "hold" rating in a research note on Thursday, April 9th. Finally, UBS Group upped their price objective 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. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Enlight Renewable Energy currently has a consensus rating of "Hold" and an average target price of $60.17.
Read Our Latest Stock Analysis on Enlight Renewable Energy
Institutional Trading of Enlight Renewable Energy
A number of hedge funds have recently bought and sold shares of ENLT. BNP Paribas Financial Markets boosted its holdings in Enlight Renewable Energy by 256.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company's stock valued at $28,000 after purchasing an additional 881 shares during the period. State of Wyoming bought a new stake in Enlight Renewable Energy in the 1st quarter valued at $41,000. V Square Quantitative Management LLC bought a new stake in Enlight Renewable Energy in the 4th quarter valued at $56,000. Walleye Capital LLC bought a new stake in Enlight Renewable Energy in the 1st quarter valued at $240,000. Finally, Savant Capital LLC bought a new position in shares of Enlight Renewable Energy during the 4th quarter worth about $241,000. 38.89% of the stock is owned by institutional investors.
Enlight Renewable Energy Company Profile
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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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