Insider Selling: Enlight Renewable Energy (NASDAQ:ENLT) VP Sells $359,837.61 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 3,883 shares of Enlight Renewable Energy stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $92.67, for a total value of $359,837.61. Following the completion of the sale, the vice president owned 13,026 shares of the company’s stock, valued at $1,207,119.42. This trade represents a 22.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction 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 Stock Performance

Shares of NASDAQ:ENLT opened at $85.87 on Friday. The business has a 50-day moving average of $78.73 and a two-hundred day moving average of $59.46. The firm has a market capitalization 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 Ltd. has a 12 month low of $16.87 and a 12 month high of $96.00. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. The company had revenue of $156.49 million during the quarter. As a group, research analysts forecast that Enlight Renewable Energy Ltd. will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Amundi raised its holdings in Enlight Renewable Energy by 2.3% during the 1st quarter. Amundi now owns 74,681 shares of the company’s stock worth $1,160,000 after buying an additional 1,647 shares during the period. Geode Capital Management LLC raised its stake in shares of Enlight Renewable Energy by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 108,157 shares of the company’s stock worth $2,458,000 after purchasing an additional 773 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Enlight Renewable Energy in the second quarter valued at approximately $815,000. First Trust Advisors LP lifted its stake in shares of Enlight Renewable Energy by 9.6% in the 2nd quarter. First Trust Advisors LP now owns 70,516 shares of the company’s stock valued at $1,600,000 after purchasing an additional 6,201 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Enlight Renewable Energy by 9.7% in the second quarter. Canada Pension Plan Investment Board now owns 279,789 shares of the company’s stock worth $6,348,000 after buying an additional 24,653 shares during the last quarter. Institutional investors own 38.89% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $65.00 price target on shares of Enlight Renewable Energy and gave the company a “hold” rating in a report on Thursday, April 9th. Barclays reiterated an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. Mizuho set a $37.00 price objective on shares of Enlight Renewable Energy in a research report on Monday, February 23rd. JPMorgan Chase & Co. increased their target price 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, UBS Group raised their price target on shares of Enlight Renewable Energy from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Three equities 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, Enlight Renewable Energy currently has a consensus 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.