Lisa Haimovitz Sells 2,807 Shares of Enlight Renewable Energy (NASDAQ:ENLT) Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 2,807 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $103.75, for a total transaction of $291,226.25. Following the completion of the transaction, the vice president owned 13,026 shares in the company, valued at $1,351,447.50. The trade was a 17.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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 Monday, May 25th, Lisa Haimovitz sold 5,315 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $93.84, for a total transaction of $498,759.60.
• On Thursday, May 14th, Lisa Haimovitz sold 335 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $92.39, for a total value of $30,950.65.
• On Tuesday, May 12th, Lisa Haimovitz sold 3,883 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $92.67, for a total value of $359,837.61.
• On Wednesday, May 13th, Lisa Haimovitz sold 620 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $93.84, for a total value 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 value of $68,356.75.

Enlight Renewable Energy Stock Performance

Enlight Renewable Energy stock traded up $0.61 during midday trading on Thursday, hitting $103.11. The stock had a trading volume of 266,174 shares, compared to its average volume of 154,420. Enlight Renewable Energy Ltd. has a 52-week low of $18.22 and a 52-week high of $106.47. The company has a market capitalization of $12.23 billion, a PE ratio of 239.79, a P/E/G ratio of 37.52 and a beta of 1.51. The firm’s fifty day moving average is $81.80 and its two-hundred day moving average is $62.85. 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 issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The business 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%. On average, research analysts forecast that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current year.

Trending Headlines about Enlight Renewable Energy

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

• Positive Sentiment: Enlight Renewable Energy secured a 200 MW solar power purchase agreement with Google for Oklahoma data center operations, a material commercial win that could support future revenue growth. Article Title
• Neutral Sentiment: Analysts and valuation-focused commentary noted the stock’s sharp run-up, but also said shares appear expensive on some measures, which may temper upside expectations. Article Title
• Negative Sentiment: Multiple insiders, including VP Lisa Haimovitz and insider Amit Paz, sold shares in recent days. Heavy insider selling can make investors cautious after a strong move higher. Article Title

Institutional Investors Weigh In On Enlight Renewable Energy

A number of institutional investors and hedge funds have recently modified their holdings of ENLT. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Enlight Renewable Energy by 26.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,621 shares of the company’s stock valued at $2,618,000 after acquiring an additional 11,994 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in shares of Enlight Renewable Energy by 4.5% in the fourth quarter. Y.D. More Investments Ltd now owns 5,837,263 shares of the company’s stock worth $264,965,000 after purchasing an additional 252,446 shares during the last quarter. Vanguard Group Inc. increased its stake in Enlight Renewable Energy by 11.3% in the 4th quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company’s stock worth $225,058,000 after buying an additional 503,060 shares during the period. Citigroup Inc. boosted its position in Enlight Renewable Energy by 465.1% in the 3rd quarter. Citigroup Inc. now owns 110,153 shares of the company’s stock valued at $3,398,000 after buying an additional 90,662 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Enlight Renewable Energy by 61.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 22,745 shares of the company’s stock worth $709,000 after acquiring an additional 8,664 shares in the last quarter. 38.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ENLT has been the topic of several research analyst reports. Barclays restated an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. 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. JPMorgan Chase & Co. raised their price target on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on Enlight Renewable Energy and gave the stock a “hold” rating in a report on Thursday, April 9th. Finally, Mizuho set a $37.00 price objective on shares of Enlight Renewable Energy in a research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $60.17.

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.