Enlight Renewable Energy Ltd. (NASDAQ:ENLT – Get Free Report) CFO Nir Yehuda sold 5,796 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $92.83, for a total transaction of $538,042.68. Following the completion of the transaction, the chief financial officer owned 36,749 shares of the company’s stock, valued at $3,411,409.67. This trade represents a 13.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Nir Yehuda also recently made the following trade(s):
- On Wednesday, May 13th, Nir Yehuda sold 1,149 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $93.23, for a total transaction of $107,121.27.
Enlight Renewable Energy Stock Down 6.5%
Enlight Renewable Energy stock opened at $85.87 on Friday. The stock has a market capitalization of $10.18 billion, a PE ratio of 199.70, a price-to-earnings-growth ratio of 26.73 and a beta of 1.51. Enlight Renewable Energy Ltd. has a twelve month low of $16.87 and a twelve month high of $96.00. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.68. The company has a 50 day moving average of $78.73 and a 200-day moving average of $59.46.
Analyst Ratings Changes
ENLT has been the subject of several recent research reports. Weiss Ratings restated 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 shares of Enlight Renewable Energy and gave the stock a “hold” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. increased their target price on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. UBS Group increased their target price on shares of Enlight Renewable Energy from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Barclays restated 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $60.17.
Check Out Our Latest Analysis on ENLT
Hedge Funds Weigh In On Enlight Renewable Energy
Several large investors have recently modified their holdings of ENLT. Y.D. More Investments Ltd raised its position in shares of Enlight Renewable Energy by 50.5% in the third quarter. Y.D. More Investments Ltd now owns 5,584,817 shares of the company’s stock valued at $172,143,000 after purchasing an additional 1,875,084 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Enlight Renewable Energy by 18.2% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 11,688,077 shares of the company’s stock valued at $774,113,000 after purchasing an additional 1,797,936 shares during the period. Vanguard Group Inc. raised its position in shares of Enlight Renewable Energy by 11.3% in the fourth quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company’s stock valued at $225,058,000 after purchasing an additional 503,060 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Enlight Renewable Energy by 68.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 995,347 shares of the company’s stock valued at $66,126,000 after purchasing an additional 404,304 shares during the period. Finally, Norges Bank bought a new position in shares of Enlight Renewable Energy in the fourth quarter valued at about $17,875,000. 38.89% of the stock is owned by institutional investors.
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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