Enlight Renewable Energy Ltd. (NASDAQ:ENLT – Get Free Report) Director Yitzhak Betzalel sold 2,062 shares of Enlight Renewable Energy stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $103.64, for a total transaction of $213,705.68. Following the sale, the director owned 2 shares in the company, valued at approximately $207.28. This represents a 99.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Yitzhak Betzalel also recently made the following trade(s):
- On Wednesday, May 27th, Yitzhak Betzalel sold 1,346 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $101.73, for a total transaction of $136,928.58.
Enlight Renewable Energy Price Performance
Enlight Renewable Energy stock traded up $1.39 during midday trading on Thursday, hitting $103.89. The company’s stock had a trading volume of 398,058 shares, compared to its average volume of 156,401. 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 $106.47. The company has a market capitalization of $12.32 billion, a PE ratio of 241.42, a price-to-earnings-growth ratio of 37.52 and a beta of 1.51. The stock’s 50-day moving average price is $81.80 and its 200-day moving average price is $62.85.
Wall Street Analyst Weigh In
ENLT has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. Barclays restated an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Mizuho set a $37.00 price objective on Enlight Renewable Energy in a report on Monday, February 23rd. UBS Group increased their price objective on Enlight Renewable Energy from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased 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. Three research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.17.
Check Out Our Latest Analysis on ENLT
Key Headlines Impacting Enlight Renewable Energy
Here are the key news stories impacting Enlight Renewable Energy this week:
- Positive Sentiment: Enlight signed a 200 MW AC solar power purchase agreement with Google to help power data center operations in Oklahoma. The deal is a meaningful win for the company’s U.S. growth strategy and suggests expanding demand for its renewable energy projects. Article Title
- Positive Sentiment: Several reports noted a sharp share-price surge following the Google announcement, reinforcing the view that the contract is the main catalyst behind ENLT’s recent rally. Article Title
- Neutral Sentiment: One valuation-focused note said the stock’s move may have pushed it into overvalued territory by some measures, which could lead investors to be more cautious after the recent run-up. Article Title
- Negative Sentiment: Multiple insiders sold shares this week, including VP Lisa Haimovitz, insider Amit Paz, and reports of additional sales by senior executives. Heavy insider selling can raise concerns that management sees limited near-term upside after the stock’s sharp climb. Article Title
Hedge Funds Weigh In On Enlight Renewable Energy
Several large investors have recently made changes to their positions in ENLT. BNP Paribas Financial Markets lifted its position in shares of Enlight Renewable Energy by 256.1% during 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 during the last quarter. State of Wyoming acquired a new stake in shares of Enlight Renewable Energy in the first quarter worth $41,000. V Square Quantitative Management LLC acquired a new stake in shares of Enlight Renewable Energy in the fourth quarter worth $56,000. Walleye Capital LLC acquired a new stake in shares of Enlight Renewable Energy in the first quarter worth $240,000. Finally, Savant Capital LLC acquired a new stake in shares of Enlight Renewable Energy in the fourth quarter worth $241,000. Institutional investors and hedge funds 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.
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