Yair Seroussi Sells 14,372 Shares of Enlight Renewable Energy (NASDAQ:ENLT) Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Vice Chairman Yair Seroussi sold 14,372 shares of the business’s stock in a transaction dated Monday, May 25th. The stock was sold at an average price of $93.34, for a total value of $1,341,482.48. Following the sale, the insider owned 14,233 shares in the company, valued at approximately $1,328,508.22. This trade represents a 50.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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.
• On Thursday, May 7th, Yair Seroussi sold 22,505 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $90.63, for a total value of $2,039,628.15.

Enlight Renewable Energy Stock Performance

NASDAQ:ENLT opened at $102.50 on Thursday. The stock has a market cap of $12.15 billion, a P/E ratio of 238.38, a price-to-earnings-growth ratio of 37.52 and a beta of 1.51. 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’s 50-day moving average is $81.80 and its 200-day moving average is $62.85. Enlight Renewable Energy Ltd. has a 1-year low of $18.22 and a 1-year high of $104.55.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The company had revenue of $156.49 million for the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%. Equities research analysts anticipate that Enlight Renewable Energy Ltd. will post 0.29 earnings per share for the current year.

Trending Headlines about Enlight Renewable Energy

Here are the key news stories impacting Enlight Renewable Energy this week:

• Positive Sentiment: Enlight signed a 200 MW AC solar power purchase agreement with Google to support data center operations in Oklahoma. The deal expands Enlight’s U.S. commercial footprint and suggests growing demand for its renewable energy projects. Article Title
• Neutral Sentiment: The company’s stock has also been the subject of bullish commentary, with one report noting the shares rose sharply on the Google deal while warning the valuation looks stretched relative to GF Value. Article Title
• Negative Sentiment: Multiple insiders sold shares, including Vice Chairman Yair Seroussi, Director Shai Yeshayahu Weil, VP Lisa Haimovitz, and insider Amit Paz. Large insider sales can make investors cautious, especially after a strong run in the share price. Article Title

Hedge Funds Weigh In On Enlight Renewable Energy

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its position 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 worth $28,000 after purchasing an additional 881 shares during the period. State of Wyoming acquired a new position in shares of Enlight Renewable Energy during the first quarter worth approximately $41,000. V Square Quantitative Management LLC acquired a new position in shares of Enlight Renewable Energy during the fourth quarter worth approximately $56,000. Walleye Capital LLC acquired a new position in shares of Enlight Renewable Energy during the first quarter worth approximately $240,000. Finally, Savant Capital LLC acquired a new position in shares of Enlight Renewable Energy during the fourth quarter worth approximately $241,000. 38.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ENLT has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Mizuho set a $37.00 target price on Enlight Renewable Energy in a report on Monday, February 23rd. Barclays reiterated an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft set a $65.00 price target on Enlight Renewable Energy and gave the company a “hold” rating in a research note on Thursday, April 9th. Finally, UBS Group boosted their price target on Enlight Renewable Energy from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Enlight Renewable Energy currently has an average rating of “Hold” and an average price target of $60.17.

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.