Enlight Renewable Energy (NASDAQ:ENLT) Director Yitzhak Betzalel Sells 2,062 Shares

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Director Yitzhak Betzalel sold 2,062 shares of Enlight Renewable Energy stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $103.64, for a total value of $213,705.68. Following the completion of the sale, the director directly owned 2 shares in the company, valued at $207.28. This trade represents a 99.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Yitzhak Betzalel also recently made the following trade(s):

• On Wednesday, May 27th, Yitzhak Betzalel sold 1,346 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $101.73, for a total value of $136,928.58.

Enlight Renewable Energy Trading Up 0.2%

Shares of ENLT stock opened at $102.70 on Friday. Enlight Renewable Energy Ltd. has a 12-month low of $18.22 and a 12-month high of $106.47. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68. The stock’s 50-day moving average price is $82.36 and its 200-day moving average price is $63.33. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 238.84, a price-to-earnings-growth ratio of 37.13 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%.The firm had revenue of $156.49 million for the quarter. Equities research analysts predict that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ENLT shares. Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. JPMorgan Chase & Co. boosted their price objective 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 objective on Enlight Renewable Energy and gave the stock a “hold” rating in a research note on Thursday, April 9th. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Finally, UBS Group boosted their price objective 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. Three 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.17.

Institutional Investors Weigh In On Enlight Renewable Energy

Several large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its stake in shares of Enlight Renewable Energy by 256.1% during the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock valued at $28,000 after buying an additional 881 shares during the last quarter. State of Wyoming bought a new position in shares of Enlight Renewable Energy during the first quarter valued at approximately $41,000. V Square Quantitative Management LLC bought a new position in shares of Enlight Renewable Energy during the fourth quarter valued at approximately $56,000. Walleye Capital LLC bought a new position in shares of Enlight Renewable Energy during the first quarter valued at approximately $240,000. Finally, Savant Capital LLC bought a new position in shares of Enlight Renewable Energy during the fourth quarter valued at approximately $241,000. 38.89% of the stock is owned by institutional investors.

Key Stories Impacting Enlight Renewable Energy

Here are the key news stories impacting Enlight Renewable Energy this week:

• Positive Sentiment: Enlight’s Google solar PPA adds a high-profile customer, expands its U.S. commercial presence, and reinforces revenue visibility from long-term clean energy contracts. Article Title
• Positive Sentiment: Analysts have raised price targets recently, with UBS lifting its target to $105 and keeping a buy rating, which may be helping sentiment around the stock’s strong run.
• Neutral Sentiment: Hedge funds and other institutions remain active in the name, with several recent stake additions indicating continued interest from professional investors.
• Negative Sentiment: Multiple insiders have sold shares over the past several days, including SVP Meron Carr, Director Yitzhak Betzalel, insider Ilan Goren, and VP Lisa Haimovitz. Heavy insider selling can make some investors cautious after the stock’s sharp rally. Article Title

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.