Key Points
- Vice Chairman Yair Seroussi sold 12,036 shares of Enlight Renewable Energy on May 28 at an average price of $102.24, totaling about $1.23 million. The sale cut his ownership by 45.82%.
- Seroussi has been active seller recently, also disposing of shares on May 25, May 8, and May 7 in separate transactions worth more than $3.6 million combined.
- ENLT shares have surged near their 52-week high, opening at $105.22 versus a 52-week range of $18.22 to $108.65. Analysts currently have a mixed view, with a consensus rating of “Hold” and an average target price of $63.17.
Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Get Free Report) VP Lisa Haimovitz sold 746 shares of the firm's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $103.88, for a total transaction of $77,494.48. Following the completion of the sale, the vice president owned 13,026 shares in the company, valued at $1,353,140.88. The trade was a 5.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Lisa Haimovitz also recently made the following trade(s):
- On Wednesday, May 27th, Lisa Haimovitz sold 2,807 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $103.75, for a total transaction of $291,226.25.
- On Tuesday, May 26th, Lisa Haimovitz sold 5,436 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $99.30, for a total transaction of $539,794.80.
- On Monday, May 25th, Lisa Haimovitz sold 5,315 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $93.84, for a total transaction of $498,759.60.
- On Thursday, May 14th, Lisa Haimovitz sold 335 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $92.39, for a total transaction of $30,950.65.
- 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 stock was sold at an average price of $92.75, for a total transaction of $68,356.75.
Enlight Renewable Energy Price Performance
Shares of NASDAQ:ENLT opened at $105.22 on Tuesday. The company's fifty day moving average price is $83.54 and its 200 day moving average price is $64.32. Enlight Renewable Energy Ltd. has a 12 month low of $18.22 and a 12 month high of $108.65. 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 $12.48 billion, a P/E ratio of 244.70, a P/E/G ratio of 38.92 and a beta of 1.51.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last announced its quarterly 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 firm had revenue of $156.49 million for the quarter. As a group, sell-side analysts predict that Enlight Renewable Energy Ltd. will post 0.29 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the stock 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. UBS Group lifted their price target on shares of Enlight Renewable Energy from $105.00 to $123.00 and gave the stock a "buy" rating in a research note on Friday. Mizuho set a $37.00 price target on shares of Enlight Renewable Energy in a research note on Monday, February 23rd. Finally, Barclays reiterated an "overweight" rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Three 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, Enlight Renewable Energy presently has a consensus rating of "Hold" and a consensus price target of $63.17.
Get Our Latest Stock Report on Enlight Renewable Energy
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in shares of Enlight Renewable Energy by 376.4% in the first quarter. Bank of America Corp DE now owns 476,289 shares of the company's stock valued at $32,511,000 after acquiring an additional 376,309 shares in the last quarter. Altshuler Shaham Ltd boosted its holdings 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 valued at $311,645,000 after acquiring an additional 4,127,573 shares in the last quarter. Amundi boosted its holdings in shares of Enlight Renewable Energy by 13.8% in the first quarter. Amundi now owns 248,834 shares of the company's stock valued at $16,985,000 after acquiring an additional 30,126 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Enlight Renewable Energy by 2.7% in the first quarter. Quantinno Capital Management LP now owns 6,506 shares of the company's stock valued at $435,000 after acquiring an additional 170 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Enlight Renewable Energy in the first quarter valued at about $2,305,000. 38.89% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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