Insider Selling: Enlight Renewable Energy (NASDAQ:ENLT) VP Sells $30,950.65 in Stock

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

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 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

Shares of NASDAQ ENLT opened at $89.21 on Thursday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.77. Enlight Renewable Energy Ltd. has a fifty-two week low of $16.87 and a fifty-two week high of $96.00. The firm has a market capitalization of $10.58 billion, a PE ratio of 207.47, a price-to-earnings-growth ratio of 24.87 and a beta of 1.51. The stock’s 50-day simple moving average is $79.22 and its 200-day simple moving average is $60.70.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its earnings results 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 for the quarter. As a group, equities research analysts forecast that Enlight Renewable Energy Ltd. will post 0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

ENLT has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. UBS Group raised their target price 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. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. JPMorgan Chase & Co. raised their price target on Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Finally, Mizuho set a $37.00 price target on Enlight Renewable Energy in a research note on Monday, February 23rd. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $60.17.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its holdings in shares of Enlight Renewable Energy by 0.3% in the first quarter. Public Employees Retirement System of Ohio now owns 48,095 shares of the company’s stock valued at $3,185,000 after purchasing an additional 127 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Enlight Renewable Energy by 2.7% in the first quarter. Quantinno Capital Management LP now owns 6,506 shares of the company’s stock valued at $435,000 after purchasing an additional 170 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Enlight Renewable Energy by 0.9% in the fourth quarter. Advisors Asset Management Inc. now owns 26,865 shares of the company’s stock valued at $1,221,000 after purchasing an additional 251 shares during the period. Mariner LLC increased its holdings in shares of Enlight Renewable Energy by 4.1% in the third quarter. Mariner LLC now owns 10,070 shares of the company’s stock valued at $314,000 after purchasing an additional 396 shares during the period. Finally, State of Wyoming acquired a new position in shares of Enlight Renewable Energy in the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

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.