Enlight Renewable Energy Ltd. (NASDAQ:ENLT – Get Free Report) insider Amit Paz sold 2,221 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $73.94, for a total value of $164,220.74. Following the completion of the sale, the insider owned 277,462 shares of the company’s stock, valued at approximately $20,515,540.28. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Amit Paz also recently made the following trade(s):
- On Wednesday, September 9th, Amit Paz sold 4,329 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $76.57, for a total value of $331,471.53.
Enlight Renewable Energy Stock Up 2.9%
NASDAQ ENLT opened at $71.59 on Thursday. Enlight Renewable Energy Ltd. has a 52 week low of $28.03 and a 52 week high of $108.65. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.31. The business’s fifty day simple moving average is $82.24 and its 200-day simple moving average is $83.21. The firm has a market cap of $8.49 billion, a PE ratio of 115.47, a P/E/G ratio of 54.38 and a beta of 1.65.
Analyst Ratings Changes
ENLT has been the subject of a number of recent analyst reports. Truist Financial assumed coverage on shares of Enlight Renewable Energy in a report on Monday, July 13th. They set a “buy” rating and a $106.00 price target for the company. Barclays raised their price objective on Enlight Renewable Energy from $83.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Weiss Ratings raised shares of Enlight Renewable Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 3rd. Wall Street Zen cut shares of Enlight Renewable Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, UBS Group reduced their price target on shares of Enlight Renewable Energy from $123.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $75.00.
Get Our Latest Research Report on ENLT
Institutional Investors Weigh In On Enlight Renewable Energy
Institutional investors have recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd lifted its stake in Enlight Renewable Energy by 18.2% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 11,688,077 shares of the company’s stock worth $774,113,000 after acquiring an additional 1,797,936 shares in the last quarter. Altshuler Shaham Ltd lifted its position in shares of Enlight Renewable Energy by 705.5% during the first quarter. Altshuler Shaham Ltd now owns 4,712,641 shares of the company’s stock worth $311,645,000 after purchasing an additional 4,127,573 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Enlight Renewable Energy by 68.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 995,347 shares of the company’s stock worth $66,126,000 after purchasing an additional 404,304 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Enlight Renewable Energy by 121.2% in the first quarter. Assenagon Asset Management S.A. now owns 505,792 shares of the company’s stock valued at $33,527,000 after purchasing an additional 277,179 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Enlight Renewable Energy by 376.4% in the first quarter. Bank of America Corp DE now owns 476,289 shares of the company’s stock valued at $32,511,000 after purchasing an additional 376,309 shares during the period. 38.89% of the stock is owned by institutional investors and hedge funds.
Enlight Renewable Energy Company Profile
Enlight Renewable Energy Ltd. is a renewable energy company that develops, finances, constructs, owns and operates utility-scale clean energy projects. Its activities focus primarily on solar photovoltaic, wind energy and energy storage systems, with projects designed to generate electricity and support the reliability and flexibility of power grids.
The company manages projects across multiple stages of the renewable energy value chain, including site development, permitting, power purchase arrangements, construction and long-term operation.
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