Insider Selling: Enlight Renewable Energy (NASDAQ:ENLT) Director Sells $6,879,484.48 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Director Shai Yeshayahu Weil sold 73,436 shares of the stock in a transaction that occurred on Monday, May 25th. The shares were sold at an average price of $93.68, for a total value of $6,879,484.48. Following the sale, the director owned 396,655 shares of the company’s stock, valued at approximately $37,158,640.40. The trade was a 15.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Enlight Renewable Energy Trading Up 0.2%

Enlight Renewable Energy stock opened at $102.70 on Friday. The business has a 50 day moving average price of $82.36 and a two-hundred day moving average price 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. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 238.84, a price-to-earnings-growth ratio of 37.13 and a beta of 1.51. Enlight Renewable Energy Ltd. has a 12 month low of $18.22 and a 12 month high of $106.47.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The firm 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%. As a group, equities analysts forecast that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current year.

Hedge Funds Weigh In On Enlight Renewable Energy

Hedge funds have recently modified their holdings of the stock. State of Wyoming acquired a new position in shares of Enlight Renewable Energy in the 1st quarter worth approximately $41,000. BNP Paribas Financial Markets increased its holdings in Enlight Renewable Energy by 256.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock valued at $28,000 after purchasing an additional 881 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Enlight Renewable Energy during the 4th quarter valued at $56,000. Walleye Capital LLC acquired a new stake in Enlight Renewable Energy during the 1st quarter valued at $240,000. Finally, Savant Capital LLC acquired a new stake in Enlight Renewable Energy during the 4th quarter valued at $241,000. 38.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ENLT shares. Deutsche Bank Aktiengesellschaft set a $65.00 price target on Enlight Renewable Energy and gave the company a “hold” rating in a report on Thursday, April 9th. Mizuho set a $37.00 price target on Enlight Renewable Energy in a report on Monday, February 23rd. Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Finally, UBS Group increased their target price on Enlight Renewable Energy from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Three equities research 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $60.17.

Trending Headlines about Enlight Renewable Energy

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.