Enlight Renewable Energy (NASDAQ:ENLT) Director Alla Felder Sells 2,500 Shares

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Director Alla Felder sold 2,500 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $102.48, for a total value of $256,200.00. Following the completion of the sale, the director directly owned 2,612 shares of the company’s stock, valued at approximately $267,677.76. This trade represents a 48.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Enlight Renewable Energy Stock Performance

Shares of Enlight Renewable Energy stock opened at $107.42 on Monday. The stock has a market cap of $12.74 billion, a PE ratio of 249.82, a price-to-earnings-growth ratio of 38.92 and a beta of 1.56. The business has a fifty day simple moving average of $82.97 and a 200-day simple moving average of $63.84. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.68. Enlight Renewable Energy Ltd. has a 12 month low of $18.22 and a 12 month high of $108.65.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The business had revenue of $156.49 million during the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%. On average, sell-side analysts anticipate that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Enlight Renewable Energy

Several institutional investors have recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd raised 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 valued at $774,113,000 after buying an additional 1,797,936 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in Enlight Renewable Energy by 4.5% during the fourth quarter. Y.D. More Investments Ltd now owns 5,837,263 shares of the company’s stock valued at $264,965,000 after buying an additional 252,446 shares in the last quarter. Vanguard Group Inc. raised 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 valued at $225,058,000 after buying an additional 503,060 shares in the last quarter. Altshuler Shaham Ltd raised its holdings in Enlight Renewable Energy by 705.5% during the first quarter. Altshuler Shaham Ltd now owns 4,712,641 shares of the company’s stock valued at $311,645,000 after buying an additional 4,127,573 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Enlight Renewable Energy by 2.8% during the third quarter. Legal & General Group Plc now owns 1,920,888 shares of the company’s stock valued at $59,253,000 after buying an additional 53,103 shares in the last quarter. 38.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft set a $65.00 target price on Enlight Renewable Energy and gave the stock a “hold” rating in a research report on Thursday, April 9th. UBS Group lifted their price objective on Enlight Renewable Energy from $105.00 to $123.00 and gave the company a “buy” rating in a research report on Friday. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. JPMorgan Chase & Co. lifted their price objective on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Enlight Renewable Energy currently has a consensus rating of “Hold” and an average price target of $63.17.

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.