Insider Selling: Enlight Renewable Energy (NASDAQ:ENLT) VP Sells $291,226.25 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 2,807 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $103.75, for a total value of $291,226.25. Following the transaction, the vice president directly owned 13,026 shares of the company’s stock, valued at approximately $1,351,447.50. The trade was a 17.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 value of $539,794.80.
• On Monday, May 25th, Lisa Haimovitz sold 5,315 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $93.84, for a total value of $498,759.60.
• 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 stock was 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 stock was 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 stock was sold at an average price of $92.75, for a total value of $68,356.75.

Enlight Renewable Energy Trading Up 4.6%

Shares of ENLT stock opened at $107.42 on Friday. 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 cap of $12.74 billion, a price-to-earnings ratio of 249.82, a PEG ratio of 38.92 and a beta of 1.51. The stock has a 50 day simple moving average of $82.97 and a 200-day simple moving average of $63.64. Enlight Renewable Energy Ltd. has a 1-year low of $18.22 and a 1-year high of $108.65.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its 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 return on equity of 2.48% and a net margin of 9.47%. On average, equities research analysts expect that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Key Headlines Impacting Enlight Renewable Energy

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

• Positive Sentiment: UBS Group raised its price target on Enlight Renewable Energy (ENLT) to $123 from $105 and kept a buy rating, reinforcing bullish sentiment around the stock’s growth outlook. UBS Raises Price Target on Enlight Renewable Energy
• Positive Sentiment: The company recently signed a 200 MW solar power purchase agreement with Google for data center operations in Oklahoma, a high-profile contract that improves revenue visibility and expands its U.S. presence. Google PPA announcement
• Neutral Sentiment: Recent analyst commentary remains mixed overall, with some firms bullish and others cautious, but the higher target from UBS adds to the improving sentiment profile.
• Negative Sentiment: Multiple insiders have sold shares in recent days, including Director Yitzhak Betzalel and SVP Meron Carr, which may make some investors cautious even as the stock price has risen sharply. Insider sales report

Analyst Ratings Changes

ENLT has been the subject of several recent research reports. Mizuho set a $37.00 price objective on Enlight Renewable Energy in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on Enlight Renewable Energy and gave the company a “hold” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. increased their price objective 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. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. Three equities 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $63.17.

Institutional Trading of Enlight Renewable Energy

Several large investors have recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd grew its holdings in 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 valued at $774,113,000 after buying an additional 1,797,936 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in Enlight Renewable Energy by 4.5% in 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 buying an additional 252,446 shares in the last quarter. Vanguard Group Inc. grew its holdings in Enlight Renewable Energy by 11.3% in the 4th quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company’s stock valued at $225,058,000 after buying an additional 503,060 shares in the last quarter. Altshuler Shaham Ltd grew its holdings in Enlight Renewable Energy by 705.5% in the 1st quarter. Altshuler Shaham Ltd now owns 4,712,641 shares of the company’s stock valued at $311,645,000 after buying an additional 4,127,573 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Enlight Renewable Energy by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 1,920,888 shares of the company’s stock valued at $59,253,000 after buying an additional 53,103 shares in the last quarter. 38.89% of the stock is currently owned by hedge funds and other institutional investors.

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.