Enlight Renewable Energy (NASDAQ:ENLT) VP Lisa Haimovitz Sells 5,315 Shares of Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 5,315 shares of the firm’s stock in a transaction dated Monday, May 25th. The shares were sold at an average price of $93.84, for a total transaction of $498,759.60. Following the completion of the transaction, the vice president directly owned 13,026 shares in the company, valued at approximately $1,222,359.84. The trade was a 28.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Lisa Haimovitz also recently made the following trade(s):

• On Tuesday, May 26th, Lisa Haimovitz sold 5,436 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $99.30, for a total transaction of $539,794.80.
• On Thursday, May 14th, Lisa Haimovitz sold 335 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $92.39, for a total transaction of $30,950.65.
• On Tuesday, May 12th, Lisa Haimovitz sold 3,883 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $92.67, for a total transaction of $359,837.61.
• On Wednesday, May 13th, Lisa Haimovitz sold 620 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $93.84, for a total transaction of $58,180.80.
• On Thursday, May 7th, Lisa Haimovitz sold 737 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $92.75, for a total transaction of $68,356.75.

Enlight Renewable Energy Price Performance

Shares of NASDAQ ENLT opened at $102.50 on Thursday. Enlight Renewable Energy Ltd. has a fifty-two week low of $18.22 and a fifty-two week high of $104.55. The stock has a market cap of $12.15 billion, a price-to-earnings ratio of 238.38, a PEG ratio of 37.52 and a beta of 1.51. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.77. The firm’s 50-day simple moving average is $81.80 and its 200 day simple moving average is $62.85.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly 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. As a group, research analysts anticipate that Enlight Renewable Energy Ltd. will post 0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enlight Renewable Energy

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased 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 last quarter. State of Wyoming purchased a new stake in Enlight Renewable Energy in the 1st quarter worth about $41,000. V Square Quantitative Management LLC purchased a new stake in Enlight Renewable Energy in the 4th quarter worth about $56,000. Walleye Capital LLC bought a new stake in Enlight Renewable Energy during the first quarter valued at approximately $240,000. Finally, Savant Capital LLC bought a new stake in Enlight Renewable Energy during the fourth quarter valued at approximately $241,000. Hedge funds and other institutional investors own 38.89% of the company’s stock.

Enlight Renewable Energy News Roundup

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. The deal expands Enlight’s U.S. commercial footprint and suggests growing demand for its renewable energy projects. Article Title
• Neutral Sentiment: The company’s stock has also been the subject of bullish commentary, with one report noting the shares rose sharply on the Google deal while warning the valuation looks stretched relative to GF Value. Article Title
• Negative Sentiment: Multiple insiders sold shares, including Vice Chairman Yair Seroussi, Director Shai Yeshayahu Weil, VP Lisa Haimovitz, and insider Amit Paz. Large insider sales can make investors cautious, especially after a strong run in the share price. Article Title

Analysts Set New Price Targets

Several research firms recently weighed in on ENLT. Deutsche Bank Aktiengesellschaft set a $65.00 price target on shares of Enlight Renewable Energy and gave the stock a “hold” rating in a report on Thursday, April 9th. Barclays restated an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. JPMorgan Chase & Co. boosted their price target on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. UBS Group boosted their price target on shares of Enlight Renewable Energy from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.17.

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.