Enlight Renewable Energy (NASDAQ:ENLT) Vice Chairman Sells $2,039,628.15 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Vice Chairman Yair Seroussi sold 22,505 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $90.63, for a total value of $2,039,628.15. Following the transaction, the insider owned 14,233 shares of the company’s stock, valued at approximately $1,289,936.79. The trade was a 61.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Yair Seroussi also recently made the following trade(s):

• On Friday, May 8th, Yair Seroussi sold 3,033 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $89.04, for a total value of $270,058.32.

Enlight Renewable Energy Price Performance

Shares of ENLT stock opened at $92.11 on Thursday. Enlight Renewable Energy Ltd. has a twelve month low of $16.87 and a twelve month high of $96.00. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 214.21, a P/E/G ratio of 26.58 and a beta of 1.51. The stock has a fifty day simple moving average of $78.11 and a two-hundred day simple moving average of $58.87. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%.The business had revenue of $156.49 million during the quarter. On average, analysts predict that Enlight Renewable Energy Ltd. will post 0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ENLT shares. Barclays reiterated an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. JPMorgan Chase & Co. upped their target price on Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $65.00 target price on Enlight Renewable Energy and gave the stock a “hold” rating in a report on Thursday, April 9th. Finally, Mizuho set a $37.00 target price on Enlight Renewable Energy in a report on Monday, February 23rd. Three investment 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. According to data from MarketBeat.com, Enlight Renewable Energy has an average rating of “Hold” and a consensus target price of $60.17.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd grew its holdings in Enlight Renewable Energy by 50.5% during 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 grew its holdings in Enlight Renewable Energy by 18.2% during 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. grew its holdings in Enlight Renewable Energy by 11.3% during 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. Norges Bank acquired a new stake in Enlight Renewable Energy during the fourth quarter worth about $17,875,000. Finally, Assenagon Asset Management S.A. grew its holdings in Enlight Renewable Energy by 121.2% during the first quarter. Assenagon Asset Management S.A. now owns 505,792 shares of the company’s stock worth $33,527,000 after acquiring an additional 277,179 shares during the period. 38.89% of the stock is owned by institutional investors and hedge funds.

Enlight Renewable Energy Company Profile

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.