Enlight Renewable Energy Ltd. (NASDAQ:ENLT – Get Free Report) VP Lisa Haimovitz sold 335 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $92.39, for a total value of $30,950.65. Following the transaction, the vice president owned 13,026 shares of the company’s stock, valued at $1,203,472.14. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 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 Stock Performance
NASDAQ ENLT opened at $85.87 on Monday. The business has a 50 day simple moving average of $78.73 and a 200 day simple moving average of $59.62. Enlight Renewable Energy Ltd. has a one year low of $16.87 and a one year high of $96.00. The stock has a market capitalization of $10.18 billion, a P/E ratio of 199.70, a P/E/G ratio of 25.00 and a beta of 1.51. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77.
Institutional Investors Weigh In On Enlight Renewable Energy
A number of hedge funds have recently added to or reduced their stakes in ENLT. Amundi grew its stake in Enlight Renewable Energy by 2.3% in the first quarter. Amundi now owns 74,681 shares of the company’s stock valued at $1,160,000 after acquiring an additional 1,647 shares during the period. Geode Capital Management LLC grew its stake in Enlight Renewable Energy by 0.7% in the second quarter. Geode Capital Management LLC now owns 108,157 shares of the company’s stock valued at $2,458,000 after acquiring an additional 773 shares during the period. 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 grew its stake in Enlight Renewable Energy by 9.6% in the second quarter. First Trust Advisors LP now owns 70,516 shares of the company’s stock valued at $1,600,000 after acquiring an additional 6,201 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings 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 valued at $6,348,000 after purchasing an additional 24,653 shares in the last quarter. Institutional investors and hedge funds own 38.89% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on ENLT. Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. UBS Group raised their price objective on Enlight Renewable Energy from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Mizuho set a $37.00 price objective on Enlight Renewable Energy in a research note on Monday, February 23rd. JPMorgan Chase & Co. raised their price objective 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. Finally, Deutsche Bank Aktiengesellschaft set a $65.00 price objective on Enlight Renewable Energy and gave the company a “hold” rating in a research note on Thursday, April 9th. Three equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.17.
View Our Latest Stock Analysis on Enlight Renewable Energy
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.
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