Enlight Renewable Energy (NASDAQ:ENLT) Director Michal Tzuk Sells 2,400 Shares

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

Enlight Renewable Energy Stock Performance

ENLT stock opened at $107.42 on Monday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77. The company has a 50 day moving average price of $82.97 and a 200 day moving average price of $63.84. Enlight Renewable Energy Ltd. has a fifty-two week low of $18.22 and a fifty-two week high of $108.65. The stock has a market capitalization of $12.74 billion, a PE ratio of 249.82, a price-to-earnings-growth ratio of 38.92 and a beta of 1.56.

Enlight Renewable Energy (NASDAQ:ENLT) last issued 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 net margin of 9.47% and a return on equity of 2.48%. Analysts forecast that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current year.

Institutional Trading of Enlight Renewable Energy

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of Enlight Renewable Energy by 256.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock valued at $28,000 after buying an additional 881 shares in the last quarter. State of Wyoming bought a new stake in shares of Enlight Renewable Energy in the 1st quarter valued at $41,000. V Square Quantitative Management LLC bought a new stake in shares of Enlight Renewable Energy in the 4th quarter valued at $56,000. Walleye Capital LLC bought a new stake in shares of Enlight Renewable Energy in the 1st quarter valued at $240,000. Finally, Savant Capital LLC bought a new stake in shares of Enlight Renewable Energy in the 4th quarter valued at $241,000. Institutional investors own 38.89% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ENLT. Barclays reiterated an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. UBS Group upped their price objective on shares of Enlight Renewable Energy from $105.00 to $123.00 and gave the company a “buy” rating in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. JPMorgan Chase & Co. upped their price objective on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Finally, Mizuho set a $37.00 price objective on shares of Enlight Renewable Energy in a research report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Enlight Renewable Energy 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.