Insider Selling: Enlight Renewable Energy (NASDAQ:ENLT) VP Sells 335 Shares of Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 335 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $92.39, for a total value of $30,950.65. Following the transaction, the vice president directly owned 13,026 shares of the company’s stock, valued at $1,203,472.14. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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 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 value 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 value of $68,356.75.

Enlight Renewable Energy Stock Performance

Enlight Renewable Energy stock opened at $85.87 on Monday. Enlight Renewable Energy Ltd. has a 12-month low of $16.87 and a 12-month high of $96.00. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.68. The business’s 50-day moving average price is $78.73 and its two-hundred day moving average price is $59.62. The stock has a market cap of $10.18 billion, a PE ratio of 199.70, a P/E/G ratio of 25.00 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT) last released its earnings results 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 firm had revenue of $156.49 million for the quarter. As a group, analysts expect that Enlight Renewable Energy Ltd. will post 0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enlight Renewable Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming acquired a new position in Enlight Renewable Energy in the 1st quarter worth about $41,000. BNP Paribas Financial Markets raised its position in shares of Enlight Renewable Energy by 256.1% during the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 881 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Enlight Renewable Energy during the fourth quarter worth about $56,000. Walleye Capital LLC bought a new position in shares of Enlight Renewable Energy during the first quarter worth about $240,000. Finally, Savant Capital LLC bought a new position in shares of Enlight Renewable Energy during the fourth quarter worth about $241,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

Wall Street Analyst Weigh In

ENLT has been the topic of a number of recent analyst reports. Barclays reiterated an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. 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. Mizuho set a $37.00 target price on Enlight Renewable Energy in a report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Finally, UBS Group upped their target price on Enlight Renewable Energy from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $60.17.

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.