Yitzhak Betzalel Sells 1,346 Shares of Enlight Renewable Energy (NASDAQ:ENLT) Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Director Yitzhak Betzalel sold 1,346 shares of Enlight Renewable Energy stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $101.73, for a total value of $136,928.58. Following the transaction, the director owned 3,766 shares in the company, valued at approximately $383,115.18. The trade was a 26.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, May 28th, Yitzhak Betzalel sold 2,062 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $103.64, for a total value of $213,705.68.

Enlight Renewable Energy Stock Performance

Shares of Enlight Renewable Energy stock opened at $107.42 on Friday. Enlight Renewable Energy Ltd. has a one year low of $18.22 and a one year high of $108.65. The company has a market cap of $12.74 billion, a price-to-earnings ratio of 249.82, a PEG ratio of 37.21 and a beta of 1.51. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.77. The business’s 50 day moving average price is $82.97 and its 200 day moving average price is $63.64.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 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. On average, research analysts predict that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current year.

Enlight Renewable Energy News Roundup

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

• Positive Sentiment: UBS Group raised its price target on Enlight Renewable Energy (ENLT) to $123 from $105 and kept a buy rating, reinforcing bullish sentiment around the stock’s growth outlook. UBS Raises Price Target on Enlight Renewable Energy
• Positive Sentiment: The company recently signed a 200 MW solar power purchase agreement with Google for data center operations in Oklahoma, a high-profile contract that improves revenue visibility and expands its U.S. presence. Google PPA announcement
• Neutral Sentiment: Recent analyst commentary remains mixed overall, with some firms bullish and others cautious, but the higher target from UBS adds to the improving sentiment profile.
• Negative Sentiment: Multiple insiders have sold shares in recent days, including Director Yitzhak Betzalel and SVP Meron Carr, which may make some investors cautious even as the stock price has risen sharply. Insider sales report

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ENLT shares. JPMorgan Chase & Co. lifted their price objective on 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 reiterated an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. Mizuho set a $37.00 target price on Enlight Renewable Energy in a research note on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. Finally, UBS Group raised their target price on Enlight Renewable Energy from $105.00 to $123.00 and gave the stock a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.17.

Institutional Investors Weigh In On Enlight Renewable Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in Enlight Renewable Energy by 256.1% during the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 881 shares during the last quarter. State of Wyoming acquired a new stake in Enlight Renewable Energy during the first quarter worth $41,000. V Square Quantitative Management LLC acquired a new stake in Enlight Renewable Energy during the fourth quarter worth $56,000. Walleye Capital LLC acquired a new stake in Enlight Renewable Energy during the first quarter worth $240,000. Finally, Savant Capital LLC acquired a new stake in Enlight Renewable Energy during the fourth quarter worth $241,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

About Enlight Renewable Energy

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.