Enlight Renewable Energy (NASDAQ:ENLT) Given New $123.00 Price Target at UBS Group

Key Points

• UBS Group raised its price target on Enlight Renewable Energy from $105 to $123 and kept a buy rating, implying about 14.5% upside from the prior close.
• The stock recently traded up to $107.42, near its 52-week high of $108.65, after a strong run that has pushed its market value to about $12.74 billion.
• Recent insider activity has been notable, with multiple executives selling shares; over the last 90 days, insiders sold 285,792 shares worth about $26.9 million.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) had its price objective raised by equities research analysts at UBS Group from $105.00 to $123.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's target price would suggest a potential upside of 14.50% from the stock's previous close.

Other research analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. Barclays reaffirmed an "overweight" rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft set a $65.00 target price on shares of Enlight Renewable Energy and gave the company a "hold" rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. raised their target price on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the company an "underweight" rating in a research note on Wednesday, May 6th. Finally, Mizuho set a $37.00 target price on shares of Enlight Renewable Energy in a research note on Monday, February 23rd. 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $63.17.

Enlight Renewable Energy Price Performance

Shares of ENLT traded up $4.72 during trading hours on Friday, hitting $107.42. The stock had a trading volume of 518,605 shares, compared to its average volume of 161,020. The company's fifty day moving average is $82.36 and its two-hundred day moving average is $63.33. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77. Enlight Renewable Energy has a 52 week low of $18.22 and a 52 week high of $108.65. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 249.82, a P/E/G ratio of 37.13 and a beta of 1.51.

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

Insider Buying and Selling at Enlight Renewable Energy

In related news, Vice Chairman Yair Seroussi sold 22,505 shares of Enlight Renewable Energy stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $90.63, for a total transaction of $2,039,628.15. Following the transaction, the insider owned 14,233 shares of the company's stock, valued at $1,289,936.79. This trade represents a 61.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ilan Goren sold 26,622 shares of Enlight Renewable Energy stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $103.76, for a total transaction of $2,762,298.72. Following the transaction, the insider directly owned 42,835 shares in the company, valued at $4,444,559.60. The trade was a 38.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 285,792 shares of company stock worth $26,913,850 over the last ninety days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ENLT. BNP Paribas Financial Markets boosted its stake 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 worth $28,000 after acquiring an additional 881 shares during the last quarter. State of Wyoming bought a new position in Enlight Renewable Energy during the 1st quarter worth approximately $41,000. V Square Quantitative Management LLC bought a new position in Enlight Renewable Energy during the 4th quarter worth approximately $56,000. Walleye Capital LLC bought a new position in Enlight Renewable Energy during the 1st quarter worth approximately $240,000. Finally, Savant Capital LLC bought a new position in Enlight Renewable Energy during the 4th quarter worth approximately $241,000. Institutional investors own 38.89% of the company's stock.

More Enlight Renewable Energy News

Here are the key news stories impacting Enlight Renewable Energy this week:

• Positive Sentiment: Enlight signed a 200 MW AC solar PPA with Google to support data center operations in Oklahoma, a high-profile contract that strengthens the company’s growth story and improves long-term revenue visibility. Article Title
• Positive Sentiment: Recent analyst commentary has been constructive, including UBS raising its price target to $105 and maintaining a buy rating, which may be helping support shares. Article Title
• Neutral Sentiment: Institutional investors remain active in the stock, with several funds adding to positions, indicating continued professional interest in ENLT. Article Title
• Negative Sentiment: Insiders have been selling shares recently, including Director Yitzhak Betzalel, SVP Meron Carr, and VP Lisa Haimovitz; the cluster of sales could make investors cautious after the stock’s strong run. Article Title

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.

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