Meron Carr Sells 3,329 Shares of Enlight Renewable Energy (NASDAQ:ENLT) Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) SVP Meron Carr sold 3,329 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $103.44, for a total value of $344,351.76. Following the completion of the sale, the senior vice president owned 42,465 shares of the company’s stock, valued at approximately $4,392,579.60. The trade was a 7.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, May 27th, Meron Carr sold 3,074 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $103.88, for a total value of $319,327.12.

Enlight Renewable Energy Stock Up 4.6%

NASDAQ ENLT opened at $107.42 on Friday. The stock’s 50-day moving average price is $82.97 and its 200-day moving average price is $63.64. 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 52 week low of $18.22 and a 52 week high of $108.65. The company has a market capitalization of $12.74 billion, a P/E ratio of 249.82, a price-to-earnings-growth ratio of 37.21 and a beta of 1.51.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. UBS Group increased their price target on Enlight Renewable Energy from $105.00 to $123.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. raised their price target on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Mizuho set a $37.00 price objective on Enlight Renewable Energy in a research report on Monday, February 23rd. Finally, 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. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Enlight Renewable Energy presently has an average rating of “Hold” and a consensus target price of $63.17.

Trending Headlines about Enlight Renewable Energy

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

Hedge Funds Weigh In On Enlight Renewable Energy

A number of hedge funds and other institutional investors have recently modified their holdings of ENLT. State of Wyoming bought a new stake in Enlight Renewable Energy in the 1st quarter valued at $41,000. BNP Paribas Financial Markets lifted its stake in Enlight Renewable Energy by 256.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 881 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Enlight Renewable Energy during the 4th quarter valued at about $56,000. Walleye Capital LLC bought a new position in shares of Enlight Renewable Energy during the 1st quarter valued at about $240,000. Finally, Savant Capital LLC purchased a new position in shares of Enlight Renewable Energy during the fourth quarter valued at about $241,000. Institutional investors own 38.89% of the company’s stock.

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.