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

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 620 shares of Enlight Renewable Energy stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $93.84, for a total value of $58,180.80. Following 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 Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $92.67, for a total value of $359,837.61.
• 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 Down 6.5%

Enlight Renewable Energy stock opened at $85.87 on Friday. The stock has a market cap of $10.18 billion, a PE ratio of 199.70, a P/E/G ratio of 26.73 and a beta of 1.51. The stock has a 50-day moving average price of $78.73 and a 200 day moving average price of $59.46. Enlight Renewable Energy Ltd. has a 52 week low of $16.87 and a 52 week high of $96.00. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The firm 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%. Equities research analysts predict that Enlight Renewable Energy Ltd. will post 0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted 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. Mizuho set a $37.00 price objective on Enlight Renewable Energy in a research report on Monday, February 23rd. 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 lifted 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. Three investment 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $60.17.

Institutional Trading of Enlight Renewable Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new stake in Enlight Renewable Energy in the 1st quarter valued at about $2,305,000. Public Employees Retirement System of Ohio grew its holdings in Enlight Renewable Energy by 0.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 48,095 shares of the company’s stock valued at $3,185,000 after buying an additional 127 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Enlight Renewable Energy by 68.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 995,347 shares of the company’s stock valued at $66,126,000 after buying an additional 404,304 shares during the period. Walleye Capital LLC purchased a new stake in Enlight Renewable Energy in the 1st quarter valued at about $240,000. Finally, State of Wyoming purchased a new stake in Enlight Renewable Energy in the 1st quarter valued at about $41,000. Hedge funds and other 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.