Enlight Renewable Energy (NASDAQ:ENLT) SVP Meron Carr Sells 3,329 Shares of Stock

Key Points

• SVP Meron Carr sold 3,329 shares of Enlight Renewable Energy on May 28 at an average price of $103.44, for proceeds of about $344,352. The sale reduced Carr’s direct holdings by 7.27% to 42,465 shares.
• The stock has surged sharply, trading near $102.70 and close to its 52-week high of $106.47, well above its 50-day and 200-day moving averages. The article also notes unusually heavy volume compared with the average session.
• Investor sentiment is mixed: analysts’ consensus rating is “Hold” with an average target price of $60.17, while the company recently announced a 200 MW solar power purchase agreement with Google that supports its growth story. At the same time, the article highlights multiple recent insider sales and concerns that valuation may be stretched.

Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Get Free Report) SVP Meron Carr sold 3,329 shares of the firm's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $103.44, for a total value of $344,351.76. Following the completion of the sale, the senior vice president directly owned 42,465 shares in the company, valued at approximately $4,392,579.60. The trade was a 7.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Meron Carr also recently made the following trade(s):

• On Wednesday, May 27th, Meron Carr sold 3,074 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $103.88, for a total value of $319,327.12.

Enlight Renewable Energy Price Performance

Shares of ENLT stock traded up $0.20 during trading on Thursday, hitting $102.70. The company had a trading volume of 503,491 shares, compared to its average volume of 157,474. 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 stock's 50-day moving average is $81.80 and its two-hundred day moving average is $62.85. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 238.84, a price-to-earnings-growth ratio of 37.52 and a beta of 1.51. Enlight Renewable Energy Ltd. has a 52 week low of $18.22 and a 52 week high of $106.47.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The company 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%. As a group, analysts predict that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an "underweight" rating in a research note on Wednesday, May 6th. Barclays reiterated an "overweight" rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Weiss Ratings reissued a "hold (c)" rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $65.00 target price on Enlight Renewable Energy and gave the stock a "hold" rating in a research report on Thursday, April 9th. Finally, Mizuho set a $37.00 target price on 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 company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $60.17.

Institutional Trading of Enlight Renewable Energy

Hedge funds have recently added to or reduced their stakes in the business. State of Wyoming bought a new stake in Enlight Renewable Energy in the first quarter worth $41,000. BNP Paribas Financial Markets lifted its stake in Enlight Renewable Energy by 256.1% in the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company's stock worth $28,000 after purchasing an additional 881 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Enlight Renewable Energy in the fourth quarter worth $56,000. Walleye Capital LLC bought a new stake in Enlight Renewable Energy in the first quarter worth $240,000. Finally, Savant Capital LLC bought a new stake in Enlight Renewable Energy in the fourth quarter worth $241,000. 38.89% of the stock is owned by institutional investors.

Key Stories Impacting Enlight Renewable Energy

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

• Positive Sentiment: Enlight signed a 200 MW AC solar power purchase agreement with Google to support data center operations in Oklahoma, a meaningful commercial win that strengthens its U.S. growth story and helped fuel the recent rally. Article Title
• Neutral Sentiment: Recent commentary noted the stock’s sharp run-up after the Google deal, while also warning that valuation looks stretched versus GF Value. Article Title
• Negative Sentiment: Multiple insiders sold shares over the past few days, including Vice Chairman Yair Seroussi, Director Shai Yeshayahu Weil, VP Lisa Haimovitz, and insider Amit Paz. Large insider selling can make investors cautious, especially after a strong price move. 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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