Insider Selling: Enlight Renewable Energy (NASDAQ:ENLT) Vice Chairman Sells $1,230,560.64 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Vice Chairman Yair Seroussi sold 12,036 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $102.24, for a total transaction of $1,230,560.64. Following the sale, the insider directly owned 14,233 shares in the company, valued at approximately $1,455,181.92. This trade represents a 45.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Yair Seroussi also recently made the following trade(s):

• On Monday, May 25th, Yair Seroussi sold 14,372 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $93.34, for a total transaction of $1,341,482.48.
• On Friday, May 8th, Yair Seroussi sold 3,033 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $89.04, for a total transaction of $270,058.32.
• On Thursday, May 7th, Yair Seroussi sold 22,505 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $90.63, for a total transaction of $2,039,628.15.

Enlight Renewable Energy Price Performance

NASDAQ ENLT opened at $95.95 on Thursday. The company has a market cap of $11.38 billion, a PE ratio of 223.14, a price-to-earnings-growth ratio of 37.88 and a beta of 1.56. Enlight Renewable Energy Ltd. has a 52 week low of $18.22 and a 52 week 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 firm’s 50-day simple moving average is $84.63 and its two-hundred day simple moving average is $65.19.

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

Analyst Ratings Changes

A number of research analysts have weighed in on ENLT shares. JPMorgan Chase & Co. lifted their target price on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft set a $65.00 target price on Enlight Renewable Energy and gave the company a “hold” rating in a report on Thursday, April 9th. Mizuho set a $37.00 target price on Enlight Renewable Energy in a report on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Enlight Renewable Energy currently has a consensus rating of “Hold” and a consensus price target of $63.17.

Institutional Trading of Enlight Renewable Energy

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

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.