Enlight Renewable Energy (NASDAQ:ENLT) VP Sells $291,226.25 in Stock

Key Points

• Enlight Renewable Energy VP Lisa Haimovitz sold 2,807 shares on May 27 at an average price of $103.75, totaling about $291,226. After the sale, she still held 13,026 shares worth roughly $1.35 million.
• Haimovitz has been actively trimming her stake in recent days, with several additional sales in late May and mid-May, signaling notable insider selling after the stock’s strong run.
• The stock has risen sharply, recently trading near $103.11 and close to its 52-week high of $106.47, while analysts currently hold a consensus rating of “Hold” with an average price target of $60.17.

Enlight Renewable Energy Ltd. (NASDAQ:ENLT - Get Free Report) VP Lisa Haimovitz sold 2,807 shares of the firm's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $103.75, for a total value of $291,226.25. Following the completion of the transaction, the vice president owned 13,026 shares of the company's stock, valued at approximately $1,351,447.50. This represents a 17.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value of $539,794.80.
• On Monday, May 25th, Lisa Haimovitz sold 5,315 shares of Enlight Renewable Energy stock. The stock was sold at an average price of $93.84, for a total transaction of $498,759.60.
• On Thursday, May 14th, Lisa Haimovitz sold 335 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $92.39, for a total value of $30,950.65.
• 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 transaction 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 transaction of $68,356.75.

Enlight Renewable Energy Trading Up 0.6%

NASDAQ:ENLT traded up $0.61 during trading hours on Thursday, reaching $103.11. The company's stock had a trading volume of 266,174 shares, compared to its average volume of 154,420. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 239.79, a PEG ratio of 37.52 and a beta of 1.51. The firm has a 50-day simple moving average of $81.80 and a 200-day simple moving average of $62.85. Enlight Renewable Energy Ltd. has a 1 year low of $18.22 and a 1 year high of $106.47.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share 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 for the quarter. Research analysts expect that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on shares of Enlight Renewable Energy and gave the stock a "hold" rating in a report on Thursday, April 9th. Weiss Ratings restated a "hold (c)" rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. Mizuho set a $37.00 price target 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 report on Wednesday, May 6th. Finally, UBS Group upped 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 report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $60.17.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in shares of Enlight Renewable Energy by 256.1% during the second 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. State of Wyoming bought a new position in shares of Enlight Renewable Energy during the 1st quarter valued at $41,000. V Square Quantitative Management LLC bought a new stake in shares of Enlight Renewable Energy in the fourth quarter worth $56,000. Walleye Capital LLC bought a new position in Enlight Renewable Energy in the first quarter valued at about $240,000. Finally, Savant Capital LLC purchased a new position in Enlight Renewable Energy in the fourth quarter worth about $241,000. 38.89% of the stock is owned by hedge funds and other institutional investors.

Enlight Renewable Energy News Summary

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

• Positive Sentiment: Enlight Renewable Energy secured a 200 MW solar power purchase agreement with Google for Oklahoma data center operations, a material commercial win that could support future revenue growth. Article Title
• Neutral Sentiment: Analysts and valuation-focused commentary noted the stock’s sharp run-up, but also said shares appear expensive on some measures, which may temper upside expectations. Article Title
• Negative Sentiment: Multiple insiders, including VP Lisa Haimovitz and insider Amit Paz, sold shares in recent days. Heavy insider selling can make investors cautious after a strong move higher. Article Title

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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