Enlight Renewable Energy Ltd. (NASDAQ:ENLT – Get Free Report) Vice Chairman Yair Seroussi sold 12,036 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $102.24, for a total transaction of $1,230,560.64. Following the completion of the transaction, the insider owned 14,233 shares of the company’s stock, valued at $1,455,181.92. This trade represents a 45.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Yair Seroussi also recently made the following trade(s):
- On Monday, May 25th, Yair Seroussi sold 14,372 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $93.34, for a total transaction of $1,341,482.48.
- On Friday, May 8th, Yair Seroussi sold 3,033 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $89.04, for a total transaction of $270,058.32.
- On Thursday, May 7th, Yair Seroussi sold 22,505 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $90.63, for a total transaction of $2,039,628.15.
Enlight Renewable Energy Stock Performance
Shares of NASDAQ ENLT opened at $107.42 on Monday. The firm’s 50-day moving average price is $82.97 and its 200-day moving average price is $63.84. 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 market cap of $12.74 billion, a PE ratio of 249.82, a PEG ratio of 38.92 and a beta of 1.56. Enlight Renewable Energy Ltd. has a 52-week low of $18.22 and a 52-week high of $108.65.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on ENLT. Barclays restated an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. UBS Group lifted their price objective on shares of Enlight Renewable Energy from $105.00 to $123.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on shares of Enlight Renewable Energy and gave the stock a “hold” rating in a research note on Thursday, April 9th. Mizuho set a $37.00 price objective on shares of Enlight Renewable Energy in a research note on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a research note 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $63.17.
Check Out Our Latest Stock Analysis on ENLT
Hedge Funds Weigh In On Enlight Renewable Energy
Several hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Enlight Renewable Energy by 26.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,621 shares of the company’s stock worth $2,618,000 after buying an additional 11,994 shares during the period. Y.D. More Investments Ltd increased its position in Enlight Renewable Energy by 4.5% during the fourth quarter. Y.D. More Investments Ltd now owns 5,837,263 shares of the company’s stock worth $264,965,000 after buying an additional 252,446 shares during the period. Vanguard Group Inc. increased its position in Enlight Renewable Energy by 11.3% during the fourth quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company’s stock worth $225,058,000 after buying an additional 503,060 shares during the period. Citigroup Inc. increased its position in Enlight Renewable Energy by 465.1% during the third quarter. Citigroup Inc. now owns 110,153 shares of the company’s stock worth $3,398,000 after buying an additional 90,662 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in Enlight Renewable Energy by 61.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 22,745 shares of the company’s stock worth $709,000 after buying an additional 8,664 shares during the period. 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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