Enlight Renewable Energy (NASDAQ:ENLT) VP Lisa Haimovitz Sells 620 Shares

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 620 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $93.84, for a total transaction of $58,180.80. Following the completion of the transaction, the vice president directly owned 13,026 shares of the company’s stock, valued at $1,222,359.84. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 stock was sold at an average price of $92.67, for a total transaction of $359,837.61.
• 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 Stock Performance

Enlight Renewable Energy stock opened at $92.11 on Thursday. The business has a 50 day moving average of $78.11 and a 200-day moving average of $58.87. Enlight Renewable Energy Ltd. has a 1 year low of $16.87 and a 1 year high of $96.00. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $10.92 billion, a P/E ratio of 214.21, a P/E/G ratio of 26.58 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings data 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 company had revenue of $156.49 million during the quarter. On average, equities research analysts predict that Enlight Renewable Energy Ltd. will post 0.37 earnings per share for the current year.

Institutional Trading of Enlight Renewable Energy

Several large investors have recently modified their holdings of ENLT. Y.D. More Investments Ltd grew its position in shares of Enlight Renewable Energy by 50.5% during the 3rd quarter. Y.D. More Investments Ltd now owns 5,584,817 shares of the company’s stock worth $172,143,000 after buying an additional 1,875,084 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Enlight Renewable Energy by 18.2% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 11,688,077 shares of the company’s stock worth $774,113,000 after purchasing an additional 1,797,936 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Enlight Renewable Energy by 11.3% in the 4th quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company’s stock worth $225,058,000 after purchasing an additional 503,060 shares in the last quarter. Norges Bank bought a new position in shares of Enlight Renewable Energy in the 4th quarter worth $17,875,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Enlight Renewable Energy by 121.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 505,792 shares of the company’s stock worth $33,527,000 after purchasing an additional 277,179 shares in the last quarter. Institutional investors and hedge funds own 38.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ENLT shares. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. JPMorgan Chase & Co. increased their target price 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. Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. 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 research report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft set a $65.00 target price on shares of Enlight Renewable Energy and gave the company a “hold” rating in a research report on Thursday, April 9th. 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.com, the stock currently has an average rating of “Hold” and a consensus price target of $60.17.

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.