Lisa Haimovitz Sells 737 Shares of Enlight Renewable Energy (NASDAQ:ENLT) Stock

by · The Cerbat Gem

Enlight Renewable Energy Ltd. (NASDAQ:ENLT – Get Free Report) VP Lisa Haimovitz sold 737 shares of Enlight Renewable Energy stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $92.75, for a total transaction of $68,356.75. Following the transaction, the vice president owned 13,026 shares of the company’s stock, valued at approximately $1,208,161.50. The trade was a 5.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Enlight Renewable Energy Stock Down 2.6%

ENLT stock opened at $91.30 on Wednesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77. The company’s 50 day simple moving average is $77.74 and its 200-day simple moving average is $58.46. Enlight Renewable Energy Ltd. has a 12 month low of $16.87 and a 12 month high of $96.00. The firm has a market capitalization of $10.83 billion, a PE ratio of 212.33, a P/E/G ratio of 27.30 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The firm 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 analysts expect that Enlight Renewable Energy Ltd. will post 0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ENLT shares. Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on shares of Enlight Renewable Energy and gave the company a “hold” rating in a research report on Thursday, April 9th. Mizuho set a $37.00 target price on shares of Enlight Renewable Energy in a research report on Monday, February 23rd. UBS Group lifted their target price on shares of Enlight Renewable Energy from $93.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted their price target on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a report 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 issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $60.17.

Get Our Latest Analysis on ENLT

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENLT. BNP Paribas Financial Markets increased its stake in Enlight Renewable Energy by 256.1% during 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 during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Enlight Renewable Energy in the 4th quarter worth about $56,000. Savant Capital LLC acquired a new position in shares of Enlight Renewable Energy in the 4th quarter valued at about $241,000. Jane Street Group LLC grew its holdings in shares of Enlight Renewable Energy by 6.0% during the 2nd quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock worth $258,000 after purchasing an additional 641 shares during the period. Finally, Mackenzie Financial Corp purchased a new stake in shares of Enlight Renewable Energy during the 4th quarter worth about $277,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

Enlight Renewable Energy News Roundup

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

  • Positive Sentiment: UBS reportedly raised its price target on Enlight Renewable Energy (ENLT) to $105 from $93 and kept a Buy rating, reinforcing optimism about the company’s longer-term growth outlook. Article Title
  • Neutral Sentiment: The company’s shares have been strong over the past several months and are trading close to their 52-week high, indicating solid momentum but also leaving less room for error if growth slows. Article Title
  • Neutral Sentiment: Several insiders sold shares last week, including Vice Chairman Yair Seroussi and VP Lisa Haimovitz. While insider sales can weigh on sentiment, they do not necessarily signal a change in operating fundamentals. Article Title
  • Negative Sentiment: GuruFocus flagged ENLT as potentially overvalued after the recent rally, which could limit near-term upside as investors weigh the stock’s elevated earnings multiple against its growth story. Article Title

Enlight Renewable Energy Company Profile

(Get Free Report)

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.

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