Marko Liposcak Sells 6,402 Shares of Enlight Renewable Energy (NASDAQ:ENLT) Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLTGet Free Report) insider Marko Liposcak sold 6,402 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $92.53, for a total transaction of $592,377.06. Following the completion of the sale, the insider directly owned 32,539 shares in the company, valued at approximately $3,010,833.67. This represents a 16.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Enlight Renewable Energy Stock Down 0.3%

Shares of NASDAQ:ENLT opened at $91.82 on Friday. The business has a 50 day simple moving average of $78.50 and a two-hundred day simple moving average of $59.27. Enlight Renewable Energy Ltd. has a 1 year low of $16.87 and a 1 year high of $96.00. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $10.89 billion, a PE ratio of 213.54, a price-to-earnings-growth ratio of 26.82 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLTGet Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 EPS 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%. On average, equities analysts predict that Enlight Renewable Energy Ltd. will post 0.37 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ENLT shares. Mizuho set a $37.00 target price on Enlight Renewable Energy in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft set a $65.00 target price on shares of Enlight Renewable Energy and gave the stock a “hold” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. increased their price objective on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. Three equities 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $60.17.

Read Our Latest Analysis on ENLT

Institutional Trading of Enlight Renewable Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its holdings in shares of Enlight Renewable Energy by 256.1% in the 2nd 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 during the period. State of Wyoming purchased a new position in Enlight Renewable Energy in the 1st quarter valued at about $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 Enlight Renewable Energy during the 1st quarter worth $240,000. Finally, Savant Capital LLC purchased a new stake in Enlight Renewable Energy during the 4th quarter valued at about $241,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

Enlight Renewable Energy Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Enlight Renewable Energy (NASDAQ:ENLT)

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