Insider Selling: Enlight Renewable Energy (NASDAQ:ENLT) Vice Chairman Sells 14,372 Shares of Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Vice Chairman Yair Seroussi sold 14,372 shares of the company’s stock in a transaction dated Monday, May 25th. The shares were sold at an average price of $93.34, for a total value of $1,341,482.48. Following the completion of the sale, the insider owned 14,233 shares in the company, valued at $1,328,508.22. This trade represents a 50.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Yair Seroussi also recently made the following trade(s):

• 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 value 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 value of $2,039,628.15.

Enlight Renewable Energy Stock Performance

NASDAQ ENLT opened at $92.25 on Tuesday. The business’s 50-day moving average price is $80.59 and its two-hundred day moving average price is $61.89. Enlight Renewable Energy Ltd. has a 12 month low of $16.88 and a 12 month high of $96.00. The firm has a market capitalization of $10.94 billion, a PE ratio of 214.54, a price-to-earnings-growth ratio of 33.42 and a beta of 1.51. 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 (NASDAQ:ENLT) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $156.49 million for the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%. On average, analysts expect that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current year.

Institutional Trading of Enlight Renewable Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings in shares of Enlight Renewable Energy by 256.1% in the second 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 in the last quarter. State of Wyoming bought a new position in shares of Enlight Renewable Energy in the first quarter valued at approximately $41,000. V Square Quantitative Management LLC bought a new position in shares of Enlight Renewable Energy in the fourth quarter valued at approximately $56,000. Walleye Capital LLC bought a new position in Enlight Renewable Energy during the first quarter valued at $240,000. Finally, Savant Capital LLC bought a new position in Enlight Renewable Energy during the fourth quarter valued at $241,000. 38.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ENLT shares. UBS Group upped their price target on Enlight Renewable Energy from $93.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. upped their price target on Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $65.00 price target on Enlight Renewable Energy and gave the stock a “hold” rating in a research note on Thursday, April 9th. Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $60.17.

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.