Enlight Renewable Energy (NASDAQ:ENLT) CFO Nir Yehuda Sells 1,149 Shares of Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) CFO Nir Yehuda sold 1,149 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $93.23, for a total value of $107,121.27. Following the completion of the sale, the chief financial officer owned 35,600 shares in the company, valued at $3,318,988. The trade was a 3.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nir Yehuda also recently made the following trade(s):

• On Tuesday, May 12th, Nir Yehuda sold 5,796 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $92.83, for a total value of $538,042.68.

Enlight Renewable Energy Price Performance

Shares of ENLT opened at $91.82 on Friday. Enlight Renewable Energy Ltd. has a 52-week low of $16.87 and a 52-week high of $96.00. 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 business’s 50 day moving average price is $78.50 and its two-hundred day moving average price is $59.27. The firm has a market cap of $10.89 billion, a PE ratio of 213.54, a price-to-earnings-growth ratio of 26.82 and a beta of 1.51.

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

Hedge Funds Weigh In On Enlight Renewable Energy

A number of institutional investors have recently modified their holdings of ENLT. Amundi raised its position in shares of Enlight Renewable Energy by 2.3% during the first quarter. Amundi now owns 74,681 shares of the company’s stock worth $1,160,000 after purchasing an additional 1,647 shares during the period. Geode Capital Management LLC raised its position in shares of Enlight Renewable Energy by 0.7% during the second quarter. Geode Capital Management LLC now owns 108,157 shares of the company’s stock worth $2,458,000 after purchasing an additional 773 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Enlight Renewable Energy during the second quarter worth approximately $815,000. First Trust Advisors LP raised its position in shares of Enlight Renewable Energy by 9.6% during the second quarter. First Trust Advisors LP now owns 70,516 shares of the company’s stock worth $1,600,000 after purchasing an additional 6,201 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of Enlight Renewable Energy by 9.7% during the second quarter. Canada Pension Plan Investment Board now owns 279,789 shares of the company’s stock worth $6,348,000 after purchasing an additional 24,653 shares during the period. 38.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ENLT shares. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. UBS Group boosted their price target on Enlight Renewable Energy from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Mizuho set a $37.00 price target on Enlight Renewable Energy in a research note on Monday, February 23rd. JPMorgan Chase & Co. boosted their price target 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. Finally, Deutsche Bank Aktiengesellschaft set a $65.00 price target on Enlight Renewable Energy and gave the company a “hold” rating in a research note on Thursday, April 9th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.