Enlight Renewable Energy (NASDAQ:ENLT) VP Sells $359,837.61 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 3,883 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $92.67, for a total value of $359,837.61. Following the transaction, the vice president directly owned 13,026 shares in the company, valued at $1,207,119.42. The trade was a 22.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 stock was sold at an average price of $92.75, for a total value of $68,356.75.

Enlight Renewable Energy Stock Up 0.9%

ENLT stock opened at $92.11 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $10.92 billion, a PE ratio of 214.21, a PEG ratio of 26.58 and a beta of 1.51. Enlight Renewable Energy Ltd. has a 1-year low of $16.87 and a 1-year high of $96.00. The business’s 50 day simple moving average is $78.11 and its 200 day simple moving average is $58.87.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its 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 return on equity of 2.48% and a net margin of 9.47%. As a group, research analysts anticipate that Enlight Renewable Energy Ltd. will post 0.37 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on ENLT. Mizuho set a $37.00 price target on shares of Enlight Renewable Energy in a research report on Monday, February 23rd. JPMorgan Chase & Co. raised their price target on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $65.00 price target on shares of Enlight Renewable Energy and gave the stock a “hold” rating in a research report on Thursday, April 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Finally, UBS Group increased 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. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Enlight Renewable Energy currently has an average rating of “Hold” and an average target price of $60.17.

Institutional Trading of Enlight Renewable Energy

Several large investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. raised its position in Enlight Renewable Energy by 3.9% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,722,610 shares of the company’s stock valued at $84,837,000 after purchasing an additional 103,430 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Enlight Renewable Energy by 26.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,621 shares of the company’s stock valued at $2,618,000 after purchasing an additional 11,994 shares during the last quarter. Y.D. More Investments Ltd raised its position in 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 valued at $264,965,000 after purchasing an additional 252,446 shares during the last quarter. Vanguard Group Inc. raised its position in Enlight Renewable Energy by 1.6% in the third quarter. Vanguard Group Inc. now owns 4,447,614 shares of the company’s stock valued at $136,800,000 after purchasing an additional 70,338 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in Enlight Renewable Energy by 61.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 22,745 shares of the company’s stock valued at $709,000 after purchasing an additional 8,664 shares during the last quarter. 38.89% of the stock is owned by institutional investors and hedge funds.

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.