Lisa Haimovitz Sells 3,883 Shares of Enlight Renewable Energy (NASDAQ:ENLT) Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 3,883 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $92.67, for a total transaction of $359,837.61. Following the sale, the vice president owned 13,026 shares in the company, valued at approximately $1,207,119.42. This trade represents a 22.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 transaction 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 transaction of $68,356.75.

Enlight Renewable Energy Stock Performance

Enlight Renewable Energy stock opened at $85.87 on Friday. The firm’s fifty day moving average price is $78.73 and its 200-day moving average price is $59.46. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market cap of $10.18 billion, a P/E ratio of 199.70, a price-to-earnings-growth ratio of 26.73 and a beta of 1.51. Enlight Renewable Energy Ltd. has a fifty-two week low of $16.87 and a fifty-two week high of $96.00.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The firm 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, equities research analysts expect that Enlight Renewable Energy Ltd. will post 0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ENLT has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on shares of Enlight Renewable Energy and gave the company 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 report on Monday, February 23rd. UBS Group increased their target price on shares of Enlight Renewable Energy from $93.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.17.

Hedge Funds Weigh In On Enlight Renewable Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Enlight Renewable Energy by 3.9% during the 3rd 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 grew 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 purchasing 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% 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 purchasing an additional 252,446 shares during the last quarter. Vanguard Group Inc. grew 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 purchasing an additional 503,060 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew 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 purchasing an additional 8,664 shares during the last quarter. 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.