Key Points
- Insider sale: Ilan Goren sold 26,622 shares of Enlight Renewable Energy at an average price of $103.76, totaling about $2.76 million. After the transaction, he still held 42,835 shares, cutting his ownership by 38.33%.
- Stock performance: ENLT was trading around $102.70, near its 52-week high of $106.47 and far above its 52-week low of $18.22. The company has a market value of about $12.18 billion.
- Mixed signals from the market: Recent news has been positive, including a major solar power purchase agreement with Google, while analysts currently rate the stock a consensus Hold with an average price target of $60.17. Institutional investors have also been active, with several firms increasing their stakes significantly.
Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Get Free Report) Director Yitzhak Betzalel sold 1,346 shares of the company's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $101.73, for a total transaction of $136,928.58. Following the completion of the sale, the director directly owned 3,766 shares of the company's stock, valued at $383,115.18. The trade was a 26.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Yitzhak Betzalel also recently made the following trade(s):
- On Thursday, May 28th, Yitzhak Betzalel sold 2,062 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $103.64, for a total transaction of $213,705.68.
Enlight Renewable Energy Price Performance
Shares of ENLT opened at $102.70 on Friday. Enlight Renewable Energy Ltd. has a fifty-two week low of $18.22 and a fifty-two week high of $106.47. The company has a 50 day moving average price of $82.36 and a 200-day moving average price of $63.33. 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 $12.18 billion, a PE ratio of 238.84, a PEG ratio of 37.13 and a beta of 1.51.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. The company had revenue of $156.49 million during the quarter. Equities analysts predict that Enlight Renewable Energy Ltd. will post 0.29 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently commented on ENLT. Barclays reissued an "overweight" rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. JPMorgan Chase & Co. increased 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 report on Wednesday, May 6th. Weiss Ratings restated a "hold (c)" rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. UBS Group upped their price target 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. Finally, 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 note on Thursday, April 9th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.17.
Get Our Latest Stock Analysis on Enlight Renewable Energy
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of ENLT. Altshuler Shaham Ltd increased its stake in shares of Enlight Renewable Energy by 705.5% in the first quarter. Altshuler Shaham Ltd now owns 4,712,641 shares of the company's stock worth $311,645,000 after acquiring an additional 4,127,573 shares during the period. Y.D. More Investments Ltd increased its stake in shares of Enlight Renewable Energy by 50.5% in the third quarter. Y.D. More Investments Ltd now owns 5,584,817 shares of the company's stock worth $172,143,000 after acquiring an additional 1,875,084 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of 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 worth $774,113,000 after acquiring an additional 1,797,936 shares during the period. Vanguard Group Inc. increased its stake in shares of Enlight Renewable Energy by 11.3% in the fourth quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company's stock worth $225,058,000 after acquiring an additional 503,060 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Enlight Renewable Energy by 68.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 995,347 shares of the company's stock worth $66,126,000 after acquiring an additional 404,304 shares during the period. Institutional investors and hedge funds own 38.89% of the company's stock.
Enlight Renewable Energy News Roundup
Here are the key news stories impacting Enlight Renewable Energy this week:
- Positive Sentiment: Enlight’s Google solar PPA adds a high-profile customer, expands its U.S. commercial presence, and reinforces revenue visibility from long-term clean energy contracts. Article Title
- Positive Sentiment: Analysts have raised price targets recently, with UBS lifting its target to $105 and keeping a buy rating, which may be helping sentiment around the stock’s strong run. Article Title
- Neutral Sentiment: Hedge funds and other institutions remain active in the name, with several recent stake additions indicating continued interest from professional investors. Article Title
- Negative Sentiment: Multiple insiders have sold shares over the past several days, including SVP Meron Carr, Director Yitzhak Betzalel, insider Ilan Goren, and VP Lisa Haimovitz. Heavy insider selling can make some investors cautious after the stock’s sharp rally. 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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