Enlight Renewable Energy (NASDAQ:ENLT) VP Sells $58,180.80 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) VP Lisa Haimovitz sold 620 shares of Enlight Renewable Energy stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $93.84, for a total transaction of $58,180.80. Following the completion of the sale, the vice president directly owned 13,026 shares of the company’s stock, valued at approximately $1,222,359.84. The trade was a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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 shares were sold at an average price of $92.67, for a total transaction of $359,837.61.
• 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 Stock Down 6.5%

ENLT stock opened at $85.87 on Friday. 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 Ltd. has a 1 year low of $16.87 and a 1 year high of $96.00. The company has a fifty day simple moving average of $78.73 and a 200 day simple moving average of $59.46. The firm has a market cap of $10.18 billion, a PE ratio of 199.70, a PEG ratio of 25.00 and a beta of 1.51.

Enlight Renewable Energy (NASDAQ:ENLT) last released its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $156.49 million during the quarter. Enlight Renewable Energy had a net margin of 9.47% and a return on equity of 2.48%. Sell-side analysts anticipate that Enlight Renewable Energy Ltd. will post 0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wyoming bought a new position in shares of Enlight Renewable Energy during the 1st quarter worth about $41,000. BNP Paribas Financial Markets increased its holdings in shares of Enlight Renewable Energy by 256.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after purchasing an additional 881 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Enlight Renewable Energy during the 4th quarter worth about $56,000. Walleye Capital LLC bought a new position in shares of Enlight Renewable Energy during the 1st quarter worth about $240,000. Finally, Savant Capital LLC bought a new position in shares of Enlight Renewable Energy during the 4th quarter worth about $241,000. Institutional investors own 38.89% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted 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 report on Wednesday, May 6th. UBS Group boosted 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. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. Mizuho set a $37.00 target price on shares of Enlight Renewable Energy in a research report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $65.00 target price on shares of Enlight Renewable Energy and gave the stock a “hold” rating in a research report on Thursday, April 9th. Three equities 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $60.17.

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.