Enlight Renewable Energy (NASDAQ:ENLT) Director Sells $254,064.00 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Director Michal Tzuk sold 2,400 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $105.86, for a total value of $254,064.00. Following the transaction, the director owned 2,712 shares of the company’s stock, valued at approximately $287,092.32. This trade represents a 46.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Enlight Renewable Energy Stock Performance

Enlight Renewable Energy stock opened at $95.95 on Thursday. The stock has a market cap of $11.38 billion, a P/E ratio of 223.14, a price-to-earnings-growth ratio of 37.88 and a beta of 1.56. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68. The stock has a 50 day moving average of $84.63 and a 200-day moving average of $65.19. Enlight Renewable Energy Ltd. has a 52 week low of $18.22 and a 52 week high of $108.65.

Enlight Renewable Energy (NASDAQ:ENLT) last released its earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The company 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, analysts expect that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Enlight Renewable Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its stake in Enlight Renewable Energy by 0.3% in the first quarter. Public Employees Retirement System of Ohio now owns 48,095 shares of the company’s stock valued at $3,185,000 after buying an additional 127 shares during the last quarter. Quantinno Capital Management LP lifted its stake in 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 last quarter. Advisors Asset Management Inc. lifted its stake 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 buying an additional 251 shares during the last quarter. Mariner LLC increased its holdings in shares of Enlight Renewable Energy by 4.1% during the third quarter. Mariner LLC now owns 10,070 shares of the company’s stock valued at $314,000 after purchasing an additional 396 shares during the period. Finally, State of Wyoming bought a new stake in shares of Enlight Renewable Energy during the first quarter valued at about $41,000. 38.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ENLT shares. UBS Group lifted their price objective on shares of Enlight Renewable Energy from $105.00 to $123.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on shares of Enlight Renewable Energy and gave the stock a “hold” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. lifted their price objective on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Mizuho set a $37.00 price objective on shares of Enlight Renewable Energy in a report on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Three 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $63.17.

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.