Enlight Renewable Energy Ltd. (NASDAQ:ENLT – Get Free Report) insider Amit Paz sold 4,329 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $76.57, for a total transaction of $331,471.53. Following the sale, the insider directly owned 279,683 shares in the company, valued at approximately $21,415,327.31. The trade was a 1.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Enlight Renewable Energy Stock Down 1.8%
Shares of ENLT stock traded down $1.35 during trading hours on Monday, reaching $72.87. 93,655 shares of the stock were exchanged, compared to its average volume of 184,993. The business’s fifty day moving average is $83.05 and its two-hundred day moving average is $83.17. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.12 and a quick ratio of 1.12. Enlight Renewable Energy Ltd. has a 12-month low of $28.03 and a 12-month high of $108.65. The firm has a market capitalization of $8.64 billion, a P/E ratio of 117.70, a P/E/G ratio of 58.03 and a beta of 1.65.
Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $165.99 million during the quarter. Enlight Renewable Energy had a net margin of 12.35% and a return on equity of 3.52%. As a group, research analysts expect that Enlight Renewable Energy Ltd. will post 0.35 EPS for the current fiscal year.
Hedge Funds Weigh In On Enlight Renewable Energy
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on ENLT shares. Truist Financial assumed coverage on Enlight Renewable Energy in a research report on Monday, July 13th. They set a “buy” rating and a $106.00 price objective for the company. Barclays boosted their target price on Enlight Renewable Energy from $83.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Wall Street Zen downgraded Enlight Renewable Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Enlight Renewable Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 3rd. Finally, UBS Group reduced their price objective on shares of Enlight Renewable Energy from $123.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $75.00.
Check Out Our Latest Stock Analysis on ENLT
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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