Enlight Renewable Energy (NASDAQ:ENLT) Director Alla Felder Sells 2,500 Shares

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Director Alla Felder sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $102.48, for a total value of $256,200.00. Following the completion of the sale, the director directly owned 2,612 shares of the company’s stock, valued at approximately $267,677.76. The trade was a 48.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Enlight Renewable Energy Trading Down 2.0%

NASDAQ ENLT opened at $105.22 on Tuesday. The company has a market cap of $12.48 billion, a PE ratio of 244.70, a PEG ratio of 38.92 and a beta of 1.51. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68. Enlight Renewable Energy Ltd. has a 12 month low of $18.22 and a 12 month high of $108.65. The stock has a 50 day moving average of $83.54 and a 200-day moving average of $64.32.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%.The business had revenue of $156.49 million during the quarter. On average, equities research analysts anticipate that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Enlight Renewable Energy by 18.2% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 11,688,077 shares of the company’s stock worth $774,113,000 after purchasing an additional 1,797,936 shares during the period. Y.D. More Investments Ltd increased its position in shares of Enlight Renewable Energy by 4.5% in the fourth 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 during the period. Vanguard Group Inc. increased its position in shares of Enlight Renewable Energy by 11.3% in the fourth 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 during the period. Altshuler Shaham Ltd increased its position in shares of Enlight Renewable Energy by 705.5% in the first quarter. Altshuler Shaham Ltd now owns 4,712,641 shares of the company’s stock worth $311,645,000 after purchasing an additional 4,127,573 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Enlight Renewable Energy by 2.8% in the third quarter. Legal & General Group Plc now owns 1,920,888 shares of the company’s stock worth $59,253,000 after purchasing an additional 53,103 shares during the period. Institutional investors own 38.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ENLT shares. Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. JPMorgan Chase & Co. raised their price target on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. UBS Group raised their price target on Enlight Renewable Energy from $105.00 to $123.00 and gave the company a “buy” rating in a report on Friday. 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Enlight Renewable Energy has a consensus rating of “Hold” and an average price target 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.