Insider Selling: Enlight Renewable Energy (NASDAQ:ENLT) VP Sells $77,494.48 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 746 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $103.88, for a total transaction of $77,494.48. Following the completion of the sale, the vice president owned 13,026 shares in the company, valued at $1,353,140.88. This represents a 5.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, May 27th, Lisa Haimovitz sold 2,807 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $103.75, for a total transaction of $291,226.25.
• On Tuesday, May 26th, Lisa Haimovitz sold 5,436 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $99.30, for a total transaction of $539,794.80.
• On Monday, May 25th, Lisa Haimovitz sold 5,315 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $93.84, for a total value of $498,759.60.
• On Thursday, May 14th, Lisa Haimovitz sold 335 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $92.39, for a total transaction of $30,950.65.
• 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 transaction 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 shares were sold at an average price of $92.75, for a total value of $68,356.75.

Enlight Renewable Energy Stock Down 8.2%

Shares of NASDAQ ENLT opened at $95.95 on Thursday. Enlight Renewable Energy Ltd. has a 1 year low of $18.22 and a 1 year high of $108.65. The firm has a market capitalization of $11.38 billion, a PE ratio of 223.14, a price-to-earnings-growth ratio of 37.88 and a beta of 1.56. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68. The firm’s 50-day moving average is $84.63 and its 200-day moving average is $65.19.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. The business had revenue of $156.49 million during the quarter. Equities analysts expect that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current year.

Hedge Funds Weigh In On Enlight Renewable Energy

Several large investors have recently bought and sold shares of the company. State of Wyoming acquired a new stake in shares of Enlight Renewable Energy during the first quarter valued at about $41,000. BNP Paribas Financial Markets raised its holdings in Enlight Renewable Energy by 256.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock valued at $28,000 after buying an additional 881 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Enlight Renewable Energy during the 4th quarter worth approximately $56,000. Walleye Capital LLC bought a new stake in Enlight Renewable Energy during the 1st quarter worth approximately $240,000. Finally, Savant Capital LLC bought a new stake in Enlight Renewable Energy during the 4th quarter worth approximately $241,000. 38.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group raised their price objective on Enlight Renewable Energy from $105.00 to $123.00 and gave the company a “buy” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. lifted their target price on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $65.00 price target on Enlight Renewable Energy and gave the company a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. Finally, Mizuho set a $37.00 target price on shares of Enlight Renewable Energy in a report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Enlight Renewable Energy currently has an average rating of “Hold” and a consensus price target of $63.17.

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.