Enlight Renewable Energy (NASDAQ:ENLT) SVP Sells $319,327.12 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) SVP Meron Carr sold 3,074 shares of Enlight Renewable Energy stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $103.88, for a total value of $319,327.12. Following the transaction, the senior vice president owned 42,465 shares of the company’s stock, valued at approximately $4,411,264.20. This represents a 6.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Meron Carr also recently made the following trade(s):

• On Thursday, May 28th, Meron Carr sold 3,329 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $103.44, for a total value of $344,351.76.

Enlight Renewable Energy Stock Up 4.6%

Enlight Renewable Energy stock opened at $107.42 on Friday. The stock has a market capitalization of $12.74 billion, a PE ratio of 249.82, a price-to-earnings-growth ratio of 38.92 and a beta of 1.51. Enlight Renewable Energy Ltd. has a 12 month low of $18.22 and a 12 month high of $108.65. The business has a 50 day simple moving average of $82.97 and a 200-day simple moving average of $63.64. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings data 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, analysts anticipate that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Enlight Renewable Energy News Summary

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

• Positive Sentiment: UBS Group raised its price target on Enlight Renewable Energy (ENLT) to $123 from $105 and kept a buy rating, reinforcing bullish sentiment around the stock’s growth outlook. UBS Raises Price Target on Enlight Renewable Energy
• Positive Sentiment: The company recently signed a 200 MW solar power purchase agreement with Google for data center operations in Oklahoma, a high-profile contract that improves revenue visibility and expands its U.S. presence. Google PPA announcement
• Neutral Sentiment: Recent analyst commentary remains mixed overall, with some firms bullish and others cautious, but the higher target from UBS adds to the improving sentiment profile.
• Negative Sentiment: Multiple insiders have sold shares in recent days, including Director Yitzhak Betzalel and SVP Meron Carr, which may make some investors cautious even as the stock price has risen sharply. Insider sales report

Analysts Set New Price Targets

A number of research firms have recently commented on ENLT. Barclays restated an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on Enlight Renewable Energy and gave the company a “hold” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. boosted 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. Weiss Ratings restated a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. Finally, UBS Group boosted 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. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Enlight Renewable Energy currently has an average rating of “Hold” and an average target price of $63.17.

Institutional Trading of Enlight Renewable Energy

A number of institutional investors have recently made changes to their positions in ENLT. BNP Paribas Financial Markets boosted its stake in shares of Enlight Renewable Energy by 256.1% in the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 881 shares during the last quarter. State of Wyoming acquired a new stake in shares of Enlight Renewable Energy in the first quarter worth approximately $41,000. V Square Quantitative Management LLC acquired a new stake in shares of Enlight Renewable Energy in the fourth quarter worth approximately $56,000. Walleye Capital LLC acquired a new stake in shares of Enlight Renewable Energy in the first quarter worth approximately $240,000. Finally, Savant Capital LLC acquired a new stake in shares of Enlight Renewable Energy in the fourth quarter worth approximately $241,000. 38.89% of the stock is owned by institutional investors and hedge funds.

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.