Insider Selling: Enlight Renewable Energy (NASDAQ:ENLT) Director Sells $213,705.68 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Director Yitzhak Betzalel sold 2,062 shares of Enlight Renewable Energy stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $103.64, for a total value of $213,705.68. Following the completion of the transaction, the director owned 2 shares in the company, valued at approximately $207.28. The trade was a 99.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Yitzhak Betzalel also recently made the following trade(s):

• On Wednesday, May 27th, Yitzhak Betzalel sold 1,346 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $101.73, for a total value of $136,928.58.

Enlight Renewable Energy Trading Up 4.6%

Shares of ENLT stock opened at $107.42 on Friday. The firm has a market capitalization of $12.74 billion, a P/E ratio of 249.82, a P/E/G ratio of 38.92 and a beta of 1.51. Enlight Renewable Energy Ltd. has a twelve month low of $18.22 and a twelve month high of $108.65. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.68. The stock’s fifty day simple moving average is $82.97 and its 200 day simple moving average is $63.64.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The business had revenue of $156.49 million for the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%. As a group, sell-side analysts predict that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. UBS Group boosted their price objective on Enlight Renewable Energy from $105.00 to $123.00 and gave the company a “buy” rating in a research note on Friday. Finally, Mizuho set a $37.00 price objective on Enlight Renewable Energy in a research note on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Enlight Renewable Energy presently has an average rating of “Hold” and a consensus price target of $63.17.

Key Enlight Renewable Energy News

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

• Positive Sentiment: UBS Group raised its price target on Enlight Renewable Energy (ENLT) to $123 from $105 and kept a buy rating, reinforcing bullish sentiment around the stock’s growth outlook. UBS Raises Price Target on Enlight Renewable Energy
• Positive Sentiment: The company recently signed a 200 MW solar power purchase agreement with Google for data center operations in Oklahoma, a high-profile contract that improves revenue visibility and expands its U.S. presence. Google PPA announcement
• Neutral Sentiment: Recent analyst commentary remains mixed overall, with some firms bullish and others cautious, but the higher target from UBS adds to the improving sentiment profile.
• Negative Sentiment: Multiple insiders have sold shares in recent days, including Director Yitzhak Betzalel and SVP Meron Carr, which may make some investors cautious even as the stock price has risen sharply. Insider sales report

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ENLT. Amundi lifted its stake in shares of Enlight Renewable Energy by 2.3% in the 1st quarter. Amundi now owns 74,681 shares of the company’s stock valued at $1,160,000 after purchasing an additional 1,647 shares during the period. Geode Capital Management LLC lifted its stake in shares of Enlight Renewable Energy by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 108,157 shares of the company’s stock valued at $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 in the 2nd quarter valued at about $815,000. First Trust Advisors LP lifted its stake in shares of Enlight Renewable Energy by 9.6% in the 2nd quarter. First Trust Advisors LP now owns 70,516 shares of the company’s stock valued at $1,600,000 after purchasing an additional 6,201 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Enlight Renewable Energy by 9.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 279,789 shares of the company’s stock valued at $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.

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.