Enlight Renewable Energy (NASDAQ:ENLT) Vice Chairman Yair Seroussi Sells 3,033 Shares

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Vice Chairman Yair Seroussi sold 3,033 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $89.04, for a total transaction of $270,058.32. Following the sale, the insider owned 14,233 shares of the company’s stock, valued at approximately $1,267,306.32. This represents a 17.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 transaction of $2,039,628.15.

Enlight Renewable Energy Price Performance

ENLT opened at $90.51 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.68. Enlight Renewable Energy Ltd. has a 52-week low of $16.87 and a 52-week high of $93.85. The company has a 50 day moving average of $76.36 and a two-hundred day moving average of $57.22. The company has a market cap of $10.73 billion, a P/E ratio of 210.49, a P/E/G ratio of 26.35 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT) last released 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 company had revenue of $156.49 million during the quarter. On average, analysts expect that Enlight Renewable Energy Ltd. will post 0.37 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. JPMorgan Chase & Co. boosted their price objective 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. Barclays restated an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Mizuho set a $37.00 target price on shares of Enlight Renewable Energy in a research note on Monday, February 23rd. Finally, UBS Group upped their target price on shares of Enlight Renewable Energy from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $60.17.

Institutional Trading of Enlight Renewable Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. raised its holdings in Enlight Renewable Energy by 0.9% in the fourth quarter. Advisors Asset Management Inc. now owns 26,865 shares of the company’s stock valued at $1,221,000 after acquiring an additional 251 shares in the last quarter. Mariner LLC raised its holdings in Enlight Renewable Energy by 4.1% in the third quarter. Mariner LLC now owns 10,070 shares of the company’s stock valued at $314,000 after acquiring an additional 396 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Enlight Renewable Energy by 1.0% in the third quarter. Public Employees Retirement System of Ohio now owns 45,693 shares of the company’s stock valued at $1,409,000 after acquiring an additional 472 shares in the last quarter. Jane Street Group LLC raised its holdings in Enlight Renewable Energy by 6.0% in the second quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock valued at $258,000 after acquiring an additional 641 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Enlight Renewable Energy by 0.7% in the second quarter. Geode Capital Management LLC now owns 108,157 shares of the company’s stock valued at $2,458,000 after acquiring an additional 773 shares in the last quarter. 38.89% of the stock is owned by institutional investors and hedge funds.

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.