Lisa Haimovitz Sells 746 Shares of Enlight Renewable Energy (NASDAQ:ENLT) Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 746 shares of Enlight Renewable Energy stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $103.88, for a total value of $77,494.48. Following the sale, the vice president owned 13,026 shares of the company’s stock, valued at approximately $1,353,140.88. This represents a 5.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, May 27th, Lisa Haimovitz sold 2,807 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $103.75, for a total value of $291,226.25.
• On Tuesday, May 26th, Lisa Haimovitz sold 5,436 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $99.30, for a total value of $539,794.80.
• On Monday, May 25th, Lisa Haimovitz sold 5,315 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $93.84, for a total value 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 stock was sold at an average price of $92.75, for a total value of $68,356.75.

Enlight Renewable Energy Price Performance

Shares of NASDAQ:ENLT opened at $107.42 on Monday. The stock’s 50-day moving average price is $82.97 and its two-hundred day moving average price is $63.84. 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 Ltd. has a 12-month low of $18.22 and a 12-month high of $108.65. The firm has a market cap of $12.74 billion, a price-to-earnings ratio of 249.82, a PEG ratio of 38.92 and a beta of 1.56.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%.The firm had revenue of $156.49 million for the quarter. On average, research analysts forecast that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on ENLT. JPMorgan Chase & Co. raised their price target on Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $65.00 price target on Enlight Renewable Energy and gave the stock a “hold” rating in a research note on Thursday, April 9th. Mizuho set a $37.00 price target on Enlight Renewable Energy in a research note on Monday, February 23rd. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Finally, UBS Group raised their price target on Enlight Renewable Energy from $105.00 to $123.00 and gave the stock a “buy” rating in a research note on Friday. Three research 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 MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.17.

Institutional Investors Weigh In On Enlight Renewable Energy

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

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.