Insider Selling: Enlight Renewable Energy (NASDAQ:ENLT) VP Sells $539,794.80 in Stock

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

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

• On Wednesday, May 27th, Lisa Haimovitz sold 2,807 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $103.75, for a total value of $291,226.25.
• 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

Enlight Renewable Energy stock opened at $107.42 on Friday. 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 firm has a market cap of $12.74 billion, a P/E ratio of 249.82, a P/E/G ratio of 37.21 and a beta of 1.51. The business’s fifty day moving average is $82.97 and its two-hundred day moving average is $63.64. Enlight Renewable Energy Ltd. has a 52 week low of $18.22 and a 52 week high of $108.65.

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 company had revenue of $156.49 million for the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%. Equities research analysts forecast that Enlight Renewable Energy Ltd. will post 0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enlight Renewable Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in shares of Enlight Renewable Energy by 256.1% in 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 in the last quarter. State of Wyoming bought a new stake in shares of Enlight Renewable Energy in the first quarter worth about $41,000. V Square Quantitative Management LLC bought a new stake in shares of Enlight Renewable Energy in the fourth quarter worth about $56,000. Walleye Capital LLC bought a new stake in shares of Enlight Renewable Energy in the first quarter worth about $240,000. Finally, Savant Capital LLC bought a new stake in shares of Enlight Renewable Energy in the fourth quarter worth about $241,000. Institutional investors own 38.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ENLT. UBS Group boosted their price objective on Enlight Renewable Energy from $105.00 to $123.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. upped their price target 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 reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Mizuho set a $37.00 price target on Enlight Renewable Energy in a research note on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $65.00 price target on Enlight Renewable Energy and gave the company a “hold” rating in a research note on Thursday, April 9th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $63.17.

Key Enlight Renewable Energy News

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

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.