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 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 transaction, the vice president owned 13,026 shares of the company’s stock, valued at approximately $1,222,359.84. This represents a 28.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 transaction 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 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 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 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 Price Performance

Enlight Renewable Energy stock opened at $102.70 on Friday. The company has a market cap of $12.18 billion, a price-to-earnings ratio of 238.84, a PEG ratio of 37.13 and a beta of 1.51. The firm’s fifty day moving average is $82.36 and its 200 day moving average is $63.33. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.68. Enlight Renewable Energy Ltd. has a 52-week low of $18.22 and a 52-week high of $106.47.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The company 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%. Sell-side analysts forecast that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. JPMorgan Chase & Co. boosted their target price on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. UBS Group boosted their target price on Enlight Renewable Energy from $93.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, 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. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Enlight Renewable Energy has an average rating of “Hold” and a consensus price target of $60.17.

Enlight Renewable Energy News Summary

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

• Positive Sentiment: ENLT has been boosted this week by news that it signed a 200 MW AC solar power purchase agreement with Google to support data center operations in Oklahoma, reinforcing growth in its U.S. renewable energy business. Article Title
• Neutral Sentiment: Analysts remain mixed overall, with some firms raising targets while the broader consensus still sits at Hold, suggesting the stock’s sharp run-up may already reflect a lot of optimism.
• Negative Sentiment: Recent insider selling was heavy, including multiple large disposals by executives and directors, which can weigh on sentiment even if the company’s long-term outlook remains intact. Article Title

Hedge Funds Weigh In On Enlight Renewable Energy

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in shares of Enlight Renewable Energy by 256.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock valued at $28,000 after purchasing an additional 881 shares during the last quarter. State of Wyoming bought a new position in shares of Enlight Renewable Energy during the 1st quarter valued at approximately $41,000. V Square Quantitative Management LLC bought a new position in shares of Enlight Renewable Energy during the 4th quarter valued at approximately $56,000. Walleye Capital LLC bought a new position in shares of Enlight Renewable Energy during the 1st quarter valued at approximately $240,000. Finally, Savant Capital LLC purchased a new position in Enlight Renewable Energy during the 4th quarter valued at $241,000. Institutional investors own 38.89% of the company’s stock.

Enlight Renewable Energy Company Profile

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.