Enlight Renewable Energy (NASDAQ:ENLT) SVP Sells $344,351.76 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) SVP Meron Carr sold 3,329 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $103.44, for a total value of $344,351.76. Following the transaction, the senior vice president owned 42,465 shares in the company, valued at approximately $4,392,579.60. This trade represents a 7.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Meron Carr also recently made the following trade(s):

• On Wednesday, May 27th, Meron Carr sold 3,074 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $103.88, for a total value of $319,327.12.

Enlight Renewable Energy Stock Up 4.6%

Shares of ENLT stock opened at $107.42 on Friday. Enlight Renewable Energy Ltd. has a 1-year low of $18.22 and a 1-year high of $108.65. The stock’s fifty day moving average price is $82.97 and its 200 day moving average price is $63.64. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $12.74 billion, a price-to-earnings ratio of 249.82, a price-to-earnings-growth ratio of 38.92 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The firm 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, research analysts expect that Enlight Renewable Energy Ltd. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ENLT. Deutsche Bank Aktiengesellschaft set a $65.00 price target on Enlight Renewable Energy and gave the company a “hold” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. boosted their price target on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. UBS Group boosted their price target on Enlight Renewable Energy from $105.00 to $123.00 and gave the company a “buy” rating in a research note on Friday. Finally, Mizuho set a $37.00 price target on Enlight Renewable Energy in a research note on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $63.17.

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

Hedge Funds Weigh In On Enlight Renewable Energy

Several institutional investors and hedge funds have recently modified their holdings of ENLT. BNP Paribas Financial Markets lifted its holdings 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 buying an additional 881 shares during the period. State of Wyoming acquired a new position in shares of Enlight Renewable Energy in the 1st quarter valued at about $41,000. V Square Quantitative Management LLC acquired a new position in shares of Enlight Renewable Energy in the 4th quarter valued at about $56,000. Walleye Capital LLC acquired a new position in shares of Enlight Renewable Energy in the 1st quarter valued at about $240,000. Finally, Savant Capital LLC acquired a new position in shares of Enlight Renewable Energy in the 4th quarter valued at about $241,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

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.