Enlight Renewable Energy (NASDAQ:ENLT) VP Lisa Haimovitz Sells 737 Shares of Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 737 shares of Enlight Renewable Energy stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $92.75, for a total value of $68,356.75. Following the completion of the sale, the vice president directly owned 13,026 shares of the company’s stock, valued at approximately $1,208,161.50. The trade was a 5.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Enlight Renewable Energy Price Performance

Enlight Renewable Energy stock opened at $90.51 on Monday. The firm has a market cap of $10.73 billion, a price-to-earnings ratio of 210.49, a PEG ratio of 26.35 and a beta of 1.51. The stock has a fifty day simple moving average of $76.36 and a two-hundred day simple moving average of $57.22. Enlight Renewable Energy Ltd. has a 12 month low of $16.87 and a 12 month high of $93.85. 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 (NASDAQ:ENLT) last posted its earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The business had revenue of $156.49 million during the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%. Equities analysts predict that Enlight Renewable Energy Ltd. will post 0.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the company. Barclays reissued 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. UBS Group lifted their target price on Enlight Renewable Energy from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $65.00 target price on Enlight Renewable Energy and gave the stock a “hold” rating in a report on Thursday, April 9th. Finally, Mizuho set a $37.00 target price on Enlight Renewable Energy in a report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Enlight Renewable Energy currently has a consensus rating of “Hold” and an average target price of $60.17.

Institutional Trading of Enlight Renewable Energy

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in Enlight Renewable Energy by 256.1% during the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 881 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Enlight Renewable Energy during the fourth quarter valued at $56,000. Savant Capital LLC purchased a new stake in Enlight Renewable Energy during the fourth quarter valued at $241,000. Mackenzie Financial Corp purchased a new stake in Enlight Renewable Energy during the fourth quarter valued at $277,000. Finally, AQR Capital Management LLC purchased a new stake in Enlight Renewable Energy during the fourth quarter valued at $283,000. 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.