Lisa Haimovitz Sells 335 Shares of Enlight Renewable Energy (NASDAQ:ENLT) Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 335 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $92.39, for a total value of $30,950.65. Following the transaction, the vice president owned 13,026 shares of the company’s stock, valued at approximately $1,203,472.14. The trade was a 2.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 value 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 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 Trading Up 3.4%

Shares of NASDAQ ENLT opened at $85.42 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.68. The business has a fifty day simple moving average of $79.00 and a two-hundred day simple moving average of $60.31. The firm has a market cap of $10.13 billion, a PE ratio of 198.66, a price-to-earnings-growth ratio of 24.04 and a beta of 1.51. Enlight Renewable Energy Ltd. has a twelve month low of $16.87 and a twelve month high of $96.00.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The firm 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%. Analysts expect that Enlight Renewable Energy Ltd. will post 0.37 earnings per share for the current fiscal year.

Institutional Trading of Enlight Renewable Energy

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake in shares of Enlight Renewable Energy by 256.1% in the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after buying an additional 881 shares during the last quarter. State of Wyoming purchased a new stake in shares of Enlight Renewable Energy in the first quarter worth about $41,000. V Square Quantitative Management LLC purchased a new stake in shares of Enlight Renewable Energy in the fourth quarter worth about $56,000. Walleye Capital LLC purchased a new stake in shares of Enlight Renewable Energy in the first quarter worth about $240,000. Finally, Savant Capital LLC purchased a new stake in shares of Enlight Renewable Energy in the fourth quarter worth about $241,000. Hedge funds and other institutional investors own 38.89% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ENLT. Deutsche Bank Aktiengesellschaft set a $65.00 target price on Enlight Renewable Energy and gave the company a “hold” rating in a research report on Thursday, April 9th. UBS Group boosted their price target on Enlight Renewable Energy from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Mizuho set a $37.00 price target on Enlight Renewable Energy in a research note on Monday, February 23rd. Barclays reiterated an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. boosted their price target on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Three investment 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’s stock. Based on data from MarketBeat.com, Enlight Renewable Energy has an average rating of “Hold” and a consensus target price 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.