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

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 5,315 shares of the company’s stock in a transaction that occurred on Monday, May 25th. The stock was 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 owned 13,026 shares of the company’s stock, valued at approximately $1,222,359.84. The trade was a 28.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

Enlight Renewable Energy Stock Performance

ENLT opened at $103.56 on Wednesday. The firm has a market cap of $12.28 billion, a P/E ratio of 240.84, a PEG ratio of 33.42 and a beta of 1.51. Enlight Renewable Energy Ltd. has a 1-year low of $18.15 and a 1-year high of $103.88. The company has a 50 day simple moving average of $81.25 and a two-hundred day simple moving average of $62.37. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77.

Enlight Renewable Energy (NASDAQ:ENLT) last posted 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 during the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. Equities analysts forecast that Enlight Renewable Energy Ltd. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ENLT shares. Deutsche Bank Aktiengesellschaft set a $65.00 target price on shares of Enlight Renewable Energy and gave the stock a “hold” rating in a research report on Thursday, April 9th. Mizuho set a $37.00 target price on shares of Enlight Renewable Energy in a research report on Monday, February 23rd. Barclays restated an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. JPMorgan Chase & Co. upped their target price 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. Finally, UBS Group upped their target price on shares of Enlight Renewable Energy from $93.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $60.17.

Trending Headlines about Enlight Renewable Energy

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

• Positive Sentiment: Enlight signed a 200 MW AC solar PPA with Google for Oklahoma data center operations, expanding its U.S. commercial customer base and boosting long-term project visibility. Article Title
• Positive Sentiment: The stock also drew attention after reports that it surged on the Google power deal, reinforcing the market’s bullish reaction to the announcement. Article Title
• Neutral Sentiment: Insider sales were reported by Amit Paz, Vice Chairman Yair Seroussi, and Director Shai Yeshayahu Weil, which can create some investor caution, but these transactions do not necessarily signal a change in the company’s fundamentals. Article Title
• Negative Sentiment: One market note said the stock appears overvalued even after the rally, which could temper enthusiasm if investors worry the valuation has moved ahead of earnings growth. Article Title

Institutional Investors Weigh In On Enlight Renewable Energy

A number of hedge funds have recently bought and sold shares of ENLT. Altshuler Shaham Ltd raised its stake in Enlight Renewable Energy by 705.5% during the first quarter. Altshuler Shaham Ltd now owns 4,712,641 shares of the company’s stock valued at $311,645,000 after purchasing an additional 4,127,573 shares in the last quarter. Y.D. More Investments Ltd raised its stake in Enlight Renewable Energy by 50.5% during the third quarter. Y.D. More Investments Ltd now owns 5,584,817 shares of the company’s stock valued at $172,143,000 after purchasing an additional 1,875,084 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in Enlight Renewable Energy by 18.2% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 11,688,077 shares of the company’s stock valued at $774,113,000 after purchasing an additional 1,797,936 shares in the last quarter. Vanguard Group Inc. raised its stake in Enlight Renewable Energy by 11.3% during the fourth quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company’s stock valued at $225,058,000 after purchasing an additional 503,060 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Enlight Renewable Energy by 68.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 995,347 shares of the company’s stock valued at $66,126,000 after purchasing an additional 404,304 shares in the last quarter. Hedge funds and other institutional investors own 38.89% of the company’s stock.

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.