Enlight Renewable Energy (NASDAQ:ENLT) SVP Sells $319,327.12 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) SVP Meron Carr sold 3,074 shares of Enlight Renewable Energy stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $103.88, for a total transaction of $319,327.12. Following the sale, the senior vice president owned 42,465 shares of the company’s stock, valued at approximately $4,411,264.20. This represents a 6.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, May 28th, Meron Carr sold 3,329 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $103.44, for a total value of $344,351.76.

Enlight Renewable Energy Trading Up 0.2%

Shares of Enlight Renewable Energy stock traded up $0.20 during trading on Thursday, hitting $102.70. 503,491 shares of the company were exchanged, compared to its average volume of 157,474. 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 firm has a market capitalization of $12.18 billion, a P/E ratio of 238.84, a price-to-earnings-growth ratio of 37.52 and a beta of 1.51. The firm’s fifty day moving average price is $81.80 and its 200 day moving average price is $62.85. Enlight Renewable Energy Ltd. has a 1-year low of $18.22 and a 1-year high of $106.47.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. The business had revenue of $156.49 million for the quarter. As a group, sell-side analysts expect that Enlight Renewable Energy Ltd. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ENLT shares. Deutsche Bank Aktiengesellschaft set a $65.00 price target on shares of Enlight Renewable Energy and gave the stock a “hold” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. raised 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. Barclays reiterated an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. UBS Group increased their price target on Enlight Renewable Energy from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Mizuho set a $37.00 price target on Enlight Renewable Energy in a research report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of Enlight Renewable Energy by 376.4% in the first quarter. Bank of America Corp DE now owns 476,289 shares of the company’s stock valued at $32,511,000 after buying an additional 376,309 shares during the period. Altshuler Shaham Ltd boosted its holdings in shares of Enlight Renewable Energy by 705.5% in the first quarter. Altshuler Shaham Ltd now owns 4,712,641 shares of the company’s stock valued at $311,645,000 after buying an additional 4,127,573 shares during the period. Amundi boosted its holdings in shares of Enlight Renewable Energy by 13.8% in the first quarter. Amundi now owns 248,834 shares of the company’s stock valued at $16,985,000 after buying an additional 30,126 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Enlight Renewable Energy by 2.7% in the first quarter. Quantinno Capital Management LP now owns 6,506 shares of the company’s stock valued at $435,000 after buying an additional 170 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Enlight Renewable Energy in the first quarter valued at approximately $2,305,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

Key Enlight Renewable Energy News

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

• Positive Sentiment: Enlight signed a 200 MW AC solar power purchase agreement with Google to support data center operations in Oklahoma, a meaningful commercial win that strengthens its U.S. growth story and helped fuel the recent rally. Article Title
• Neutral Sentiment: Recent commentary noted the stock’s sharp run-up after the Google deal, while also warning that valuation looks stretched versus GF Value. Article Title
• Negative Sentiment: Multiple insiders sold shares over the past few days, including Vice Chairman Yair Seroussi, Director Shai Yeshayahu Weil, VP Lisa Haimovitz, and insider Amit Paz. Large insider selling can make investors cautious, especially after a strong price move. Article Title

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.