Yair Seroussi Sells 22,505 Shares of Enlight Renewable Energy (NASDAQ:ENLT) Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Vice Chairman Yair Seroussi sold 22,505 shares of Enlight Renewable Energy stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $90.63, for a total value of $2,039,628.15. Following the completion of the sale, the insider directly owned 14,233 shares of the company’s stock, valued at approximately $1,289,936.79. The trade was a 61.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Friday, May 8th, Yair Seroussi sold 3,033 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $89.04, for a total value of $270,058.32.

Enlight Renewable Energy Trading Down 2.6%

Enlight Renewable Energy stock opened at $91.30 on Wednesday. Enlight Renewable Energy Ltd. has a one year low of $16.87 and a one year high of $96.00. The business’s fifty day moving average is $77.74 and its 200 day moving average is $58.46. The stock has a market capitalization of $10.83 billion, a PE ratio of 212.33, a price-to-earnings-growth ratio of 27.30 and a beta of 1.51. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Enlight Renewable Energy by 18.2% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 11,688,077 shares of the company’s stock valued at $774,113,000 after acquiring an additional 1,797,936 shares during the period. SEB Asset Management AB bought a new stake in Enlight Renewable Energy during the first quarter valued at about $438,000. Swiss National Bank increased its position in Enlight Renewable Energy by 1.3% in the first quarter. Swiss National Bank now owns 264,220 shares of the company’s stock worth $17,477,000 after buying an additional 3,273 shares in the last quarter. Bleakley Financial Group LLC purchased a new stake in Enlight Renewable Energy in the first quarter worth about $2,397,000. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Enlight Renewable Energy in the first quarter worth about $533,000. 38.89% of the stock is currently owned by institutional investors.

Trending Headlines about Enlight Renewable Energy

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

• Positive Sentiment: UBS reportedly raised its price target on Enlight Renewable Energy (ENLT) to $105 from $93 and kept a Buy rating, reinforcing optimism about the company’s longer-term growth outlook. Article Title
• Neutral Sentiment: The company’s shares have been strong over the past several months and are trading close to their 52-week high, indicating solid momentum but also leaving less room for error if growth slows. Article Title
• Neutral Sentiment: Several insiders sold shares last week, including Vice Chairman Yair Seroussi and VP Lisa Haimovitz. While insider sales can weigh on sentiment, they do not necessarily signal a change in operating fundamentals. Article Title
• Negative Sentiment: GuruFocus flagged ENLT as potentially overvalued after the recent rally, which could limit near-term upside as investors weigh the stock’s elevated earnings multiple against its growth story. Article Title

Analyst Ratings Changes

ENLT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on shares of Enlight Renewable Energy and gave the company a “hold” rating in a research report on Thursday, April 9th. Mizuho set a $37.00 target price on shares of Enlight Renewable Energy in a research note on Monday, February 23rd. JPMorgan Chase & Co. increased their price target on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Barclays restated an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.17.

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.