Enlight Renewable Energy (NASDAQ:ENLT) Insider Marko Liposcak Sells 6,402 Shares of Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) insider Marko Liposcak sold 6,402 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $92.53, for a total transaction of $592,377.06. Following the completion of the sale, the insider directly owned 32,539 shares of the company’s stock, valued at $3,010,833.67. This represents a 16.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Enlight Renewable Energy Trading Up 0.9%

Shares of ENLT opened at $92.11 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68. Enlight Renewable Energy Ltd. has a 12-month low of $16.87 and a 12-month high of $96.00. The firm has a 50-day moving average price of $78.11 and a 200 day moving average price of $58.87. The firm has a market capitalization of $10.92 billion, a P/E ratio of 214.21, a P/E/G ratio of 26.58 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. The firm had revenue of $156.49 million during the quarter. Sell-side analysts forecast that Enlight Renewable Energy Ltd. will post 0.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ENLT shares. Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. JPMorgan Chase & Co. increased their target price on shares of 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 target price on shares of Enlight Renewable Energy and gave the stock a “hold” rating in a research note on Thursday, April 9th. Finally, UBS Group increased their target price on shares of 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 analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $60.17.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted 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 buying an additional 881 shares during the period. State of Wyoming acquired a new stake in shares of Enlight Renewable Energy during the first quarter worth about $41,000. V Square Quantitative Management LLC acquired a new stake in shares of Enlight Renewable Energy during the fourth quarter worth about $56,000. Walleye Capital LLC acquired a new stake in shares of Enlight Renewable Energy during the first quarter worth about $240,000. Finally, Savant Capital LLC acquired a new stake in shares of Enlight Renewable Energy during the fourth quarter worth 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.