Key Points
- Enlight Renewable Energy VP Ayelet Cohen sold 10,123 shares on June 1 at an average price of $108.50, totaling about $1.10 million. After the sale, she still held 20,974 shares, a 32.55% reduction in her position.
- The stock has been trading near its 52-week high, opening at $104.56 and reaching a high of $108.65, while its 50-day and 200-day moving averages remain far lower at $83.54 and $64.32, respectively.
- Analyst sentiment is mixed, with an overall Hold rating and average target price of $63.17, even as UBS recently lifted its price target to $123 and kept a Buy rating.
Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Get Free Report) VP Israeli Ayelet Cohen sold 10,123 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $108.50, for a total transaction of $1,098,345.50. Following the sale, the vice president owned 20,974 shares in the company, valued at $2,275,679. This represents a 32.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Enlight Renewable Energy Stock Performance
NASDAQ ENLT opened at $104.56 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 243.17, a P/E/G ratio of 38.12 and a beta of 1.56. The firm's 50 day simple moving average is $83.54 and its 200 day simple moving average is $64.32. Enlight Renewable Energy Ltd. has a 1 year low of $18.22 and a 1 year high of $108.65.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted 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%. As a group, research analysts expect that Enlight Renewable Energy Ltd. will post 0.29 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have weighed in on ENLT. Barclays restated an "overweight" rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. UBS Group raised their target price on shares of Enlight Renewable Energy from $105.00 to $123.00 and gave the company a "buy" rating in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft set a $65.00 target price on shares of Enlight Renewable Energy and gave the company a "hold" rating in a research report on Thursday, April 9th. Mizuho set a $37.00 target price on shares of Enlight Renewable Energy in a research report on Monday, February 23rd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Enlight Renewable Energy currently has an average rating of "Hold" and an average target price of $63.17.
Read Our Latest Stock Analysis on Enlight Renewable Energy
Hedge Funds Weigh In On Enlight Renewable Energy
Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its stake in shares of Enlight Renewable Energy by 256.1% during the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company's stock valued at $28,000 after acquiring an additional 881 shares during the last quarter. State of Wyoming bought a new position in shares of Enlight Renewable Energy during the first quarter valued at $41,000. V Square Quantitative Management LLC bought a new position in shares of Enlight Renewable Energy during the fourth quarter valued at $56,000. Walleye Capital LLC bought a new position in shares of Enlight Renewable Energy during the first quarter valued at $240,000. Finally, Savant Capital LLC bought a new position in shares of Enlight Renewable Energy during the fourth quarter valued at $241,000. Institutional investors own 38.89% of the company's stock.
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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