Lisa Haimovitz Sells 5,436 Shares of Enlight Renewable Energy (NASDAQ:ENLT) Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 5,436 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $99.30, for a total value of $539,794.80. Following the sale, the vice president owned 13,026 shares of the company’s stock, valued at approximately $1,293,481.80. This trade represents a 29.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 Price Performance

NASDAQ ENLT opened at $103.56 on Wednesday. Enlight Renewable Energy Ltd. has a twelve month low of $18.15 and a twelve month high of $103.88. 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 capitalization of $12.28 billion, a PE ratio of 240.84, a P/E/G ratio of 33.42 and a beta of 1.51. The stock has a 50-day simple moving average of $81.25 and a 200 day simple moving average of $62.37.

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. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%.The business had revenue of $156.49 million during the quarter. Research analysts anticipate that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current year.

Hedge Funds Weigh In On Enlight Renewable Energy

A number of hedge funds have recently modified their holdings of ENLT. BNP Paribas Financial Markets raised its holdings in shares of Enlight Renewable Energy by 256.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after buying an additional 881 shares in the last quarter. State of Wyoming acquired a new position in shares of Enlight Renewable Energy in the 1st quarter worth approximately $41,000. V Square Quantitative Management LLC acquired a new position in shares of Enlight Renewable Energy in the 4th quarter worth approximately $56,000. Walleye Capital LLC acquired a new position in shares of Enlight Renewable Energy in the 1st quarter worth approximately $240,000. Finally, Savant Capital LLC acquired a new position in shares of Enlight Renewable Energy in the 4th quarter worth approximately $241,000. 38.89% of the stock is owned by institutional investors and hedge funds.

Key Enlight Renewable Energy News

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

• Positive Sentiment: Enlight signed a 200 MW AC solar PPA with Google for Oklahoma data center operations, expanding its U.S. commercial customer base and boosting long-term project visibility. Article Title
• Positive Sentiment: The stock also drew attention after reports that it surged on the Google power deal, reinforcing the market’s bullish reaction to the announcement. Article Title
• Neutral Sentiment: Insider sales were reported by Amit Paz, Vice Chairman Yair Seroussi, and Director Shai Yeshayahu Weil, which can create some investor caution, but these transactions do not necessarily signal a change in the company’s fundamentals. Article Title
• Negative Sentiment: One market note said the stock appears overvalued even after the rally, which could temper enthusiasm if investors worry the valuation has moved ahead of earnings growth. Article Title

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on Enlight Renewable Energy and gave the stock a “hold” rating in a research report on Thursday, April 9th. UBS Group boosted their price objective on Enlight Renewable Energy from $93.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price objective on Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Enlight Renewable Energy presently has an average rating of “Hold” and a consensus target price 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.