Enlight Renewable Energy (NASDAQ:ENLT) VP Lisa Haimovitz Sells 746 Shares

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 746 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $103.88, for a total transaction of $77,494.48. Following the sale, the vice president owned 13,026 shares of the company’s stock, valued at $1,353,140.88. This represents a 5.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 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 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 transaction 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 transaction of $68,356.75.

Enlight Renewable Energy Stock Down 2.0%

Shares of NASDAQ ENLT opened at $105.22 on Tuesday. The company has a 50 day simple moving average of $83.54 and a 200-day simple moving average of $64.32. The company has a market capitalization of $12.48 billion, a P/E ratio of 244.70, a P/E/G ratio of 38.92 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. Enlight Renewable Energy Ltd. has a 1 year low of $18.22 and a 1 year high of $108.65.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its 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 firm had revenue of $156.49 million during the quarter. On average, equities research analysts predict that Enlight Renewable Energy Ltd. will post 0.29 earnings per share for the current year.

Hedge Funds Weigh In On Enlight Renewable Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Enlight Renewable Energy by 26.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,621 shares of the company’s stock valued at $2,618,000 after buying an additional 11,994 shares during the period. Y.D. More Investments Ltd raised its holdings in shares of Enlight Renewable Energy by 4.5% in the 4th quarter. Y.D. More Investments Ltd now owns 5,837,263 shares of the company’s stock valued at $264,965,000 after purchasing an additional 252,446 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Enlight Renewable Energy by 11.3% in the 4th quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company’s stock valued at $225,058,000 after purchasing an additional 503,060 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Enlight Renewable Energy by 465.1% in the 3rd quarter. Citigroup Inc. now owns 110,153 shares of the company’s stock valued at $3,398,000 after purchasing an additional 90,662 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Enlight Renewable Energy by 61.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 22,745 shares of the company’s stock valued at $709,000 after purchasing an additional 8,664 shares in the last quarter. Hedge funds and other institutional investors own 38.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. JPMorgan Chase & Co. boosted their price target 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 increased their price target on shares of Enlight Renewable Energy from $105.00 to $123.00 and gave the stock a “buy” rating in a research report on Friday. Mizuho set a $37.00 price target on shares of Enlight Renewable Energy in a research report on Monday, February 23rd. Finally, Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $63.17.

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.