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

Enlight Renewable Energy Ltd. (NASDAQ:ENLTGet Free Report) VP Lisa Haimovitz sold 737 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $92.75, for a total value of $68,356.75. Following the completion of the transaction, the vice president owned 13,026 shares in the company, valued at $1,208,161.50. This trade represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Enlight Renewable Energy Stock Up 3.6%

Enlight Renewable Energy stock opened at $93.77 on Tuesday. The stock has a 50 day moving average of $77.26 and a two-hundred day moving average of $58.05. Enlight Renewable Energy Ltd. has a twelve month low of $16.87 and a twelve month high of $96.00. The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of 218.07, a PEG ratio of 26.35 and a beta of 1.51. 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:ENLTGet Free Report) last released its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) 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, research analysts expect that Enlight Renewable Energy Ltd. will post 0.37 earnings per share for the current year.

Institutional Investors Weigh In On Enlight Renewable Energy

Institutional investors have recently made changes to their positions in the stock. Y.D. More Investments Ltd increased its holdings in shares of Enlight Renewable Energy by 50.5% in the 3rd quarter. Y.D. More Investments Ltd now owns 5,584,817 shares of the company’s stock valued at $172,143,000 after purchasing an additional 1,875,084 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in Enlight Renewable Energy by 19.9% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 9,890,141 shares of the company’s stock worth $448,589,000 after buying an additional 1,643,110 shares during the period. Vanguard Group Inc. grew its position in Enlight Renewable Energy by 11.3% during the fourth quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company’s stock worth $225,058,000 after buying an additional 503,060 shares during the period. Norges Bank purchased a new position in Enlight Renewable Energy in the fourth quarter valued at about $17,875,000. Finally, Assenagon Asset Management S.A. increased its holdings in Enlight Renewable Energy by 121.2% in the first quarter. Assenagon Asset Management S.A. now owns 505,792 shares of the company’s stock valued at $33,527,000 after buying an additional 277,179 shares in the last quarter. 38.89% of the stock is currently owned by hedge funds and other institutional investors.

More Enlight Renewable Energy News

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

  • Positive Sentiment: UBS raised its price target on Enlight Renewable Energy (ENLT) to $105 from $93 and kept a Buy rating, which can support investor confidence in the stock’s longer-term growth outlook. Article Title
  • Neutral Sentiment: Shares have been trading near their 52-week high after a strong multi-month run, suggesting momentum remains a positive backdrop even though the stock already looks stretched on valuation. Article Title
  • Neutral Sentiment: The company’s Vice Chairman, Yair Seroussi, sold 22,505 shares and separately sold 3,033 shares last week, while VP Lisa Haimovitz also sold stock. Insider selling can weigh on sentiment, but these transactions do not necessarily change the business fundamentals. Article Title
  • Negative Sentiment: GuruFocus said ENLT may be overvalued after the recent rally, which could cap upside as investors weigh the stock’s rich earnings multiple against its growth story. Article Title

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. UBS Group boosted their price target 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. Mizuho set a $37.00 price target on shares of Enlight Renewable Energy in a report on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. Finally, Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Enlight Renewable Energy currently has a consensus rating of “Hold” and a consensus price target of $60.17.

View Our Latest Research Report on Enlight Renewable Energy

About Enlight Renewable Energy

(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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