Insider Selling: Enlight Renewable Energy (NASDAQ:ENLT) Vice Chairman Sells 12,036 Shares of Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Vice Chairman Yair Seroussi sold 12,036 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $102.24, for a total value of $1,230,560.64. Following the completion of the transaction, the insider directly owned 14,233 shares in the company, valued at approximately $1,455,181.92. The trade was a 45.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, May 25th, Yair Seroussi sold 14,372 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $93.34, for a total value of $1,341,482.48.
• On Friday, May 8th, Yair Seroussi sold 3,033 shares of Enlight Renewable Energy stock. The stock was 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 stock was sold at an average price of $90.63, for a total value of $2,039,628.15.

Enlight Renewable Energy Price Performance

ENLT opened at $107.42 on Monday. The business’s fifty day moving average is $82.97 and its two-hundred day moving average is $63.84. 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 company has a market cap of $12.74 billion, a price-to-earnings ratio of 249.82, a PEG ratio of 38.92 and a beta of 1.56. Enlight Renewable Energy Ltd. has a one year low of $18.22 and a one year high of $108.65.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its earnings results 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 company had revenue of $156.49 million for the quarter. Analysts anticipate that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in 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 purchasing an additional 881 shares during the last quarter. State of Wyoming purchased a new position in Enlight Renewable Energy in the first quarter valued at about $41,000. V Square Quantitative Management LLC purchased a new position in Enlight Renewable Energy in the fourth quarter valued at about $56,000. Walleye Capital LLC purchased a new position in Enlight Renewable Energy in the first quarter valued at about $240,000. Finally, Savant Capital LLC purchased a new position in Enlight Renewable Energy in the fourth quarter valued at about $241,000. Hedge funds and other institutional investors 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.