Nir Yehuda Sells 1,149 Shares of Enlight Renewable Energy (NASDAQ:ENLT) Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) CFO Nir Yehuda sold 1,149 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $93.23, for a total transaction of $107,121.27. Following the completion of the sale, the chief financial officer owned 35,600 shares of the company’s stock, valued at $3,318,988. The trade was a 3.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Nir Yehuda also recently made the following trade(s):

• On Tuesday, May 12th, Nir Yehuda sold 5,796 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $92.83, for a total transaction of $538,042.68.

Enlight Renewable Energy Price Performance

Shares of Enlight Renewable Energy stock opened at $85.87 on Friday. The firm has a fifty day simple moving average of $78.73 and a 200-day simple moving average of $59.46. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68. Enlight Renewable Energy Ltd. has a 1-year low of $16.87 and a 1-year high of $96.00. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of 199.70, a PEG ratio of 26.73 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. The business had revenue of $156.49 million during the quarter. On average, sell-side analysts expect that Enlight Renewable Energy Ltd. will post 0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ENLT. JPMorgan Chase & Co. boosted their target price on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Mizuho set a $37.00 price target on shares of Enlight Renewable Energy in a report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Finally, UBS Group upped 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. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Enlight Renewable Energy presently has an average rating of “Hold” and an average target price of $60.17.

Institutional Trading of Enlight Renewable Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in shares of Enlight Renewable Energy by 256.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 881 shares during the last quarter. State of Wyoming bought a new stake in shares of Enlight Renewable Energy in the 1st quarter valued at about $41,000. V Square Quantitative Management LLC bought a new stake in shares of Enlight Renewable Energy in the 4th quarter valued at about $56,000. Walleye Capital LLC bought a new stake in shares of Enlight Renewable Energy in the 1st quarter valued at about $240,000. Finally, Savant Capital LLC bought a new stake in shares of Enlight Renewable Energy in the 4th quarter valued at about $241,000. 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.