Key Points
- Insider sale: Amit Paz sold 2,221 Enlight Renewable Energy shares for approximately $164,221 at an average price of $73.94, reducing his ownership by 0.79% to 277,462 shares. He also sold 4,329 shares earlier in September.
- Stock performance and fundamentals: ENLT opened at $69.55 after falling 4.9%, with a market capitalization of $8.25 billion and a P/E ratio of 112.18. The company reported quarterly revenue of $165.99 million and EPS of $0.20.
- Analyst outlook is mixed: Ratings range from Strong Buy to Sell, with an overall “Hold” consensus and an average price target of $75.00. Institutional investors and hedge funds own 38.89% of the company.
Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Get Free Report) insider Amit Paz sold 2,221 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $73.94, for a total value of $164,220.74. Following the completion of the transaction, the insider owned 277,462 shares of the company's stock, valued at $20,515,540.28. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Amit Paz also recently made the following trade(s):
- On Wednesday, September 9th, Amit Paz sold 4,329 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $76.57, for a total value of $331,471.53.
Enlight Renewable Energy Trading Down 4.9%
Shares of ENLT stock opened at $69.55 on Wednesday. Enlight Renewable Energy Ltd. has a twelve month low of $28.03 and a twelve month high of $108.65. The stock's fifty day simple moving average is $82.48 and its 200 day simple moving average is $83.20. 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 firm has a market capitalization of $8.25 billion, a P/E ratio of 112.18, a P/E/G ratio of 57.17 and a beta of 1.65.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its earnings results 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 during the quarter. As a group, sell-side analysts predict that Enlight Renewable Energy Ltd. will post 0.35 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on ENLT shares. Truist Financial started coverage on shares of Enlight Renewable Energy in a research report on Monday, July 13th. They set a "buy" rating and a $106.00 target price on the stock. UBS Group decreased their price target on shares of Enlight Renewable Energy from $123.00 to $115.00 and set a "buy" rating for the company in a research report on Tuesday, July 7th. 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. Barclays lifted their price target on shares of Enlight Renewable Energy from $83.00 to $89.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Enlight Renewable Energy has an average rating of "Hold" and a consensus target price of $75.00.
Check Out Our Latest Research Report on ENLT
Hedge Funds Weigh In On Enlight Renewable Energy
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its position in shares of Enlight Renewable Energy by 0.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 48,095 shares of the company's stock worth $3,185,000 after buying an additional 127 shares during the period. Quantinno Capital Management LP lifted its position in shares of Enlight Renewable Energy by 2.7% during the 1st 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 during the period. Orion Capital Management LLC acquired a new position in shares of Enlight Renewable Energy during the 2nd quarter valued at $26,000. Versant Capital Management Inc bought a new position in Enlight Renewable Energy during the second quarter worth $34,000. Finally, State of Wyoming bought a new position in Enlight Renewable Energy during the first quarter worth $41,000. 38.89% of the stock is owned by institutional investors and hedge funds.
About Enlight Renewable Energy
(
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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