Enlight Renewable Energy (NASDAQ:ENLT) CFO Sells $107,121.27 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) CFO Nir Yehuda sold 1,149 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $93.23, for a total transaction of $107,121.27. Following the completion of the sale, the chief financial officer owned 35,600 shares of the company’s stock, valued at $3,318,988. The trade was a 3.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Nir Yehuda also recently made the following trade(s):

• On Tuesday, May 12th, Nir Yehuda sold 5,796 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $92.83, for a total transaction of $538,042.68.

Enlight Renewable Energy Trading Up 0.9%

ENLT opened at $92.11 on Thursday. 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 stock has a market capitalization of $10.92 billion, a PE ratio of 214.21, a PEG ratio of 26.58 and a beta of 1.51. Enlight Renewable Energy Ltd. has a 1-year low of $16.87 and a 1-year high of $96.00. The firm has a 50-day moving average price of $78.11 and a two-hundred day moving average price of $58.87.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $156.49 million during the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. As a group, equities analysts anticipate that Enlight Renewable Energy Ltd. will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enlight Renewable Energy

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its position in shares of Enlight Renewable Energy by 256.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after buying an additional 881 shares during the period. State of Wyoming bought a new position in Enlight Renewable Energy during the 1st quarter worth approximately $41,000. V Square Quantitative Management LLC bought a new position in Enlight Renewable Energy during the 4th quarter worth approximately $56,000. Walleye Capital LLC bought a new position in Enlight Renewable Energy during the 1st quarter worth approximately $240,000. Finally, Savant Capital LLC bought a new position in Enlight Renewable Energy during the 4th quarter worth approximately $241,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ENLT. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on shares of Enlight Renewable Energy and gave the company a “hold” rating in a research report on Thursday, April 9th. UBS Group lifted their price target on shares of Enlight Renewable Energy from $93.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Mizuho set a $37.00 price target on shares of Enlight Renewable Energy in a research report on Monday, February 23rd. 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 report on Wednesday, May 6th. Finally, Weiss Ratings reiterated 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 stock. According to MarketBeat.com, Enlight Renewable Energy has a consensus rating of “Hold” and an average target price of $60.17.

About Enlight Renewable Energy

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.