Enlight Renewable Energy Ltd. (NASDAQ:ENLT – Get Free Report) Director Shai Yeshayahu Weil sold 73,436 shares of the firm’s stock in a transaction dated Monday, May 25th. The shares were sold at an average price of $93.68, for a total value of $6,879,484.48. Following the transaction, the director directly owned 396,655 shares of the company’s stock, valued at $37,158,640.40. This represents a 15.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Enlight Renewable Energy Trading Down 1.0%
Shares of ENLT stock opened at $102.50 on Thursday. The stock has a 50-day simple moving average of $81.80 and a 200 day simple moving average of $62.85. Enlight Renewable Energy Ltd. has a fifty-two week low of $18.22 and a fifty-two week high of $104.55. The stock has a market capitalization of $12.15 billion, a P/E ratio of 238.38, a P/E/G ratio of 37.52 and a beta of 1.51. 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 (NASDAQ:ENLT – Get Free Report) last announced its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%.The business had revenue of $156.49 million during the quarter. On average, sell-side analysts expect that Enlight Renewable Energy Ltd. will post 0.29 earnings per share for the current fiscal year.
Enlight Renewable Energy News Roundup
- Positive Sentiment: Enlight signed a 200 MW AC solar power purchase agreement with Google to support data center operations in Oklahoma. The deal expands Enlight’s U.S. commercial footprint and suggests growing demand for its renewable energy projects. Article Title
- Neutral Sentiment: The company’s stock has also been the subject of bullish commentary, with one report noting the shares rose sharply on the Google deal while warning the valuation looks stretched relative to GF Value. Article Title
- Negative Sentiment: Multiple insiders sold shares, including Vice Chairman Yair Seroussi, Director Shai Yeshayahu Weil, VP Lisa Haimovitz, and insider Amit Paz. Large insider sales can make investors cautious, especially after a strong run in the share price. Article Title
Institutional Investors Weigh In On Enlight Renewable Energy
Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Enlight Renewable Energy by 26.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,621 shares of the company’s stock worth $2,618,000 after acquiring an additional 11,994 shares in the last quarter. Y.D. More Investments Ltd lifted its stake in Enlight Renewable Energy by 4.5% in the 4th quarter. Y.D. More Investments Ltd now owns 5,837,263 shares of the company’s stock worth $264,965,000 after acquiring an additional 252,446 shares in the last quarter. Vanguard Group Inc. increased its position in Enlight Renewable Energy by 11.3% in the 4th quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company’s stock worth $225,058,000 after purchasing an additional 503,060 shares during the last quarter. Citigroup Inc. increased its position in Enlight Renewable Energy by 465.1% in the 3rd quarter. Citigroup Inc. now owns 110,153 shares of the company’s stock worth $3,398,000 after purchasing an additional 90,662 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Enlight Renewable Energy by 61.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 22,745 shares of the company’s stock worth $709,000 after purchasing an additional 8,664 shares during the last quarter. 38.89% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
ENLT has been the subject of several research reports. Deutsche Bank Aktiengesellschaft set a $65.00 target price on Enlight Renewable Energy and gave the company a “hold” rating in a research note on Thursday, April 9th. UBS Group raised their target price on Enlight Renewable Energy from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. upped their target price on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Finally, Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $60.17.
View Our Latest Stock Analysis on Enlight Renewable Energy
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.
Featured Stories
- Five stocks we like better than Enlight Renewable Energy
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
Receive News & Ratings for Enlight Renewable Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enlight Renewable Energy and related companies with MarketBeat.com's FREE daily email newsletter.
