Insider Selling: Enlight Renewable Energy (NASDAQ:ENLT) Insider Sells $343,937.55 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) insider Amit Paz sold 3,533 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $97.35, for a total transaction of $343,937.55. Following the completion of the transaction, the insider owned 284,012 shares of the company’s stock, valued at approximately $27,648,568.20. The trade was a 1.23% 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 the SEC website.

Enlight Renewable Energy Price Performance

Shares of NASDAQ ENLT opened at $102.70 on Friday. Enlight Renewable Energy Ltd. has a twelve month low of $18.22 and a twelve month high of $106.47. The firm has a market cap of $12.18 billion, a P/E ratio of 238.84, a PEG ratio of 37.13 and a beta of 1.51. The company has a 50 day moving average of $82.36 and a 200 day moving average of $63.33. 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 (NASDAQ:ENLT) last announced 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 net margin of 9.47% and a return on equity of 2.48%. As a group, research analysts expect that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ENLT. Deutsche Bank Aktiengesellschaft set a $65.00 target price on shares of Enlight Renewable Energy and gave the company a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. Barclays reiterated an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. UBS Group boosted 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $60.17.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Enlight Renewable Energy by 26.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,621 shares of the company’s stock worth $2,618,000 after buying an additional 11,994 shares during the period. Y.D. More Investments Ltd lifted its stake in Enlight Renewable Energy by 4.5% in the 4th quarter. Y.D. More Investments Ltd now owns 5,837,263 shares of the company’s stock worth $264,965,000 after purchasing an additional 252,446 shares in the last quarter. Vanguard Group Inc. lifted its stake in Enlight Renewable Energy by 11.3% in the 4th quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company’s stock worth $225,058,000 after purchasing an additional 503,060 shares in the last quarter. Citigroup Inc. lifted its stake in Enlight Renewable Energy by 465.1% in the 3rd quarter. Citigroup Inc. now owns 110,153 shares of the company’s stock worth $3,398,000 after purchasing an additional 90,662 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Enlight Renewable Energy by 61.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 22,745 shares of the company’s stock worth $709,000 after purchasing an additional 8,664 shares in the last quarter. Institutional investors own 38.89% of the company’s stock.

More Enlight Renewable Energy News

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

• Positive Sentiment: ENLT has been boosted this week by news that it signed a 200 MW AC solar power purchase agreement with Google to support data center operations in Oklahoma, reinforcing growth in its U.S. renewable energy business. Article Title
• Neutral Sentiment: Analysts remain mixed overall, with some firms raising targets while the broader consensus still sits at Hold, suggesting the stock’s sharp run-up may already reflect a lot of optimism.
• Negative Sentiment: Recent insider selling was heavy, including multiple large disposals by executives and directors, which can weigh on sentiment even if the company’s long-term outlook remains intact. Article Title

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.