Enlight Renewable Energy Ltd. (NASDAQ:ENLT – Get Free Report) insider Ilan Goren sold 2,700 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $64.81, for a total transaction of $174,987.00. Following the completion of the transaction, the insider directly owned 40,135 shares of the company’s stock, valued at approximately $2,601,149.35. This trade represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Enlight Renewable Energy Price Performance
Shares of NASDAQ:ENLT opened at $66.08 on Thursday. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 106.58, a price-to-earnings-growth ratio of 52.84 and a beta of 1.70. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.12 and a quick ratio of 1.12. The business’s 50 day simple moving average is $76.94 and its 200-day simple moving average is $82.83. Enlight Renewable Energy Ltd. has a 12 month low of $32.31 and a 12 month high of $108.65.
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 for the quarter. The firm had revenue of $165.99 million during the quarter. Enlight Renewable Energy had a return on equity of 3.52% and a net margin of 12.35%. As a group, equities analysts forecast that Enlight Renewable Energy Ltd. will post 0.35 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Enlight Renewable Energy
Wall Street Analyst Weigh In
ENLT has been the topic of several recent research reports. Truist Financial decreased their price objective on shares of Enlight Renewable Energy from $106.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, September 28th. Wall Street Zen lowered shares of Enlight Renewable Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Barclays lifted 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 downgraded Enlight Renewable Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Finally, UBS Group reduced their price objective on Enlight Renewable Energy from $123.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $74.71.
Get Our Latest Analysis on ENLT
About Enlight Renewable Energy
Enlight Renewable Energy Ltd. is a renewable energy company that develops, finances, constructs, owns and operates utility-scale clean energy projects. Its portfolio includes solar photovoltaic, wind energy and energy storage facilities, with activities spanning project development through long-term asset ownership and operations.
The company serves electricity markets in Israel, the United States and several European countries. Its business is focused on expanding renewable generation and storage capacity, often through projects that combine intermittent renewable resources with storage technology to support grid reliability and power delivery.
Enlight was established in Israel and has developed into an international renewable energy platform.
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