Key Points
- Insider sale: Amit Paz sold 4,329 Enlight Renewable Energy shares for approximately $331,472 at an average price of $76.57, reducing his ownership by 1.52% to 279,683 shares.
- Financial performance: Enlight reported quarterly EPS of $0.20 and revenue of $165.99 million. The company had a 12.35% net margin and analysts expect full-year EPS of $0.35.
- Market outlook: ENLT shares opened at $73.13, while analysts’ consensus rating is “Hold” with a $75 target price; institutional investors own 38.89% of the stock.
Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Get Free Report) insider Amit Paz sold 4,329 shares of Enlight Renewable Energy stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $76.57, for a total value of $331,471.53. Following the transaction, the insider owned 279,683 shares in the company, valued at $21,415,327.31. This trade represents a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Enlight Renewable Energy Stock Performance
Shares of ENLT opened at $73.13 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.31. The business has a 50-day simple moving average of $82.73 and a two-hundred day simple moving average of $83.19. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 117.95, a PEG ratio of 58.03 and a beta of 1.65. Enlight Renewable Energy Ltd. has a 52 week low of $28.03 and a 52 week high of $108.65.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.20 EPS for the quarter. Enlight Renewable Energy had a return on equity of 3.52% and a net margin of 12.35%.The firm had revenue of $165.99 million for the quarter. On average, analysts expect that Enlight Renewable Energy Ltd. will post 0.35 EPS for the current year.
Institutional Trading of Enlight Renewable Energy
Institutional investors and hedge funds have recently bought and sold shares of the stock. Orion Capital Management LLC purchased a new stake in Enlight Renewable Energy in the 2nd quarter worth $26,000. Versant Capital Management Inc purchased a new position in shares of Enlight Renewable Energy during the second quarter valued at about $34,000. State of Wyoming purchased a new position in shares of Enlight Renewable Energy during the first quarter valued at about $41,000. Walleye Capital LLC bought a new stake in shares of Enlight Renewable Energy in the first quarter worth about $240,000. Finally, Savant Capital LLC bought a new stake in shares of Enlight Renewable Energy in the fourth quarter worth about $241,000. 38.89% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
ENLT has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Enlight Renewable Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Truist Financial assumed coverage on shares of Enlight Renewable Energy in a research report on Monday, July 13th. They issued a "buy" rating and a $106.00 price target for the company. Weiss Ratings raised shares of Enlight Renewable Energy from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, September 3rd. UBS Group decreased their price objective on shares of Enlight Renewable Energy from $123.00 to $115.00 and set a "buy" rating on the stock in a research report on Tuesday, July 7th. Finally, Barclays raised their price objective on shares of Enlight Renewable Energy from $83.00 to $89.00 and gave the company an "overweight" rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have issued 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 target price of $75.00.
Read Our Latest Report on Enlight Renewable Energy
Enlight Renewable Energy Company Profile
(
Get Free Report)
Enlight Renewable Energy Ltd. is a renewable energy company that develops, finances, constructs, owns and operates utility-scale clean energy projects. Its activities focus primarily on solar photovoltaic, wind energy and energy storage systems, with projects designed to generate electricity and support the reliability and flexibility of power grids.
The company manages projects across multiple stages of the renewable energy value chain, including site development, permitting, power purchase arrangements, construction and long-term operation.
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