Yitzhak Betzalel Sells 2,062 Shares of Enlight Renewable Energy (NASDAQ:ENLT) Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Director Yitzhak Betzalel sold 2,062 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $103.64, for a total transaction of $213,705.68. Following the transaction, the director directly owned 2 shares of the company’s stock, valued at approximately $207.28. This represents a 99.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 Stock Up 4.6%

Shares of NASDAQ:ENLT opened at $107.42 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.77. Enlight Renewable Energy Ltd. has a 1 year low of $18.22 and a 1 year high of $108.65. The stock has a market capitalization of $12.74 billion, a P/E ratio of 249.82, a PEG ratio of 37.21 and a beta of 1.51. The stock has a 50-day simple moving average of $82.97 and a 200-day simple moving average of $63.64.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its 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. Equities analysts forecast that Enlight Renewable Energy Ltd. will post 0.29 earnings per share for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Enlight Renewable Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its holdings in Enlight Renewable Energy by 256.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 881 shares during the period. State of Wyoming purchased a new position in Enlight Renewable Energy in the 1st quarter worth approximately $41,000. V Square Quantitative Management LLC purchased a new position in Enlight Renewable Energy in the 4th quarter worth approximately $56,000. Walleye Capital LLC purchased a new position in Enlight Renewable Energy in the 1st quarter worth approximately $240,000. Finally, Savant Capital LLC purchased a new position in Enlight Renewable Energy in the 4th quarter worth approximately $241,000. Hedge funds and other institutional investors own 38.89% of the company’s stock.

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.