Enlight Renewable Energy Ltd. (NASDAQ:ENLT – Get Free Report) Vice Chairman Yair Seroussi sold 3,033 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $89.04, for a total value of $270,058.32. Following the completion of the sale, the insider owned 14,233 shares in the company, valued at approximately $1,267,306.32. This trade represents a 17.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Yair Seroussi also recently made the following trade(s):
- On Thursday, May 7th, Yair Seroussi sold 22,505 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $90.63, for a total value of $2,039,628.15.
Enlight Renewable Energy Stock Down 2.6%
ENLT opened at $91.30 on Wednesday. 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 cap of $10.83 billion, a PE ratio of 212.33, a price-to-earnings-growth ratio of 27.30 and a beta of 1.51. The stock’s fifty day simple moving average is $77.74 and its 200 day simple moving average is $58.46. Enlight Renewable Energy Ltd. has a 1-year low of $16.87 and a 1-year high of $96.00.
Analyst Ratings Changes
Several research analysts have weighed in on ENLT shares. JPMorgan Chase & Co. increased their price objective on Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $65.00 target price on Enlight Renewable Energy and gave the stock a “hold” rating in a report on Thursday, April 9th. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Finally, UBS Group increased their target price on Enlight Renewable Energy from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $60.17.
Read Our Latest Analysis on Enlight Renewable Energy
Trending Headlines about Enlight Renewable Energy
Here are the key news stories impacting Enlight Renewable Energy this week:
- Positive Sentiment: UBS reportedly raised its price target on Enlight Renewable Energy (ENLT) to $105 from $93 and kept a Buy rating, reinforcing optimism about the company’s longer-term growth outlook. Article Title
- Neutral Sentiment: The company’s shares have been strong over the past several months and are trading close to their 52-week high, indicating solid momentum but also leaving less room for error if growth slows. Article Title
- Neutral Sentiment: Several insiders sold shares last week, including Vice Chairman Yair Seroussi and VP Lisa Haimovitz. While insider sales can weigh on sentiment, they do not necessarily signal a change in operating fundamentals. Article Title
- Negative Sentiment: GuruFocus flagged ENLT as potentially overvalued after the recent rally, which could limit near-term upside as investors weigh the stock’s elevated earnings multiple against its growth story. Article Title
Institutional Trading of Enlight Renewable Energy
Several large investors have recently bought and sold shares of ENLT. BNP Paribas Financial Markets boosted its stake in Enlight Renewable Energy by 256.1% in the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock valued at $28,000 after buying an additional 881 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Enlight Renewable Energy in the fourth quarter valued at about $56,000. Savant Capital LLC acquired a new stake in Enlight Renewable Energy in the fourth quarter valued at about $241,000. Jane Street Group LLC boosted its stake in Enlight Renewable Energy by 6.0% in the second quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock valued at $258,000 after buying an additional 641 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in Enlight Renewable Energy in the fourth quarter valued at about $277,000. 38.89% of the stock is owned by institutional investors and hedge funds.
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.
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