ENLT Enlight Renewable Energy Ltd.
Price Chart
Executive Summary
11 ENLT insiders sold ~$12.8M in stock over 8 days, led by director Shai Yeshayahu ($6.9M) and GM Ilan Paz ($2.8M). Most sales follow option exercises or are near all-time highs for this $14.7B market cap renewable energy firm. While the dollar value exceeds the 0.1% market cap threshold (≈0.09%), it does not reach the 0.5% materiality band, and the cluster is overwhelmingly sell-side with heavy director participation — historically a weak signal per academic literature. The calibration amplifies cross-filing context, but no material corporate event accompanies these sales, suggesting liquidity and diversification motives rather than informed bearishness.
Key Financial Metrics
Actionable Insight
This is a large but low-conviction cluster — most sales are tied to option exercises and concentrated at multi-year highs in a renewable energy name. The academic literature assigns weak predictive power to cluster sales (especially director-led). Monitor for any material 8-K or earnings pre-announcement in the next 14 days, but no immediate short thesis is warranted given the 0.09% of market cap selling and the lack of C-suite (CEO/CFO) participation.
Key Facts
- 11 insiders sold approximately $12.78M in open-market transactions over 7 trading days
- Director Shai Yeshayahu sold 73,400 shares for ~$6.88M — the largest single trade in the cluster
- General Manager Ilan Paz (ENLT US) sold 26,600 shares for ~$2.76M
- All sales occurred between $93.68 and $108.50 per share
- Multiple directors (SEROUSSI, Tzuk, Benyamini, Betzalel, Felder) sold alongside VPs of Operations, General Counsel, and Strategic Projects
- Total open-market sales represent ~0.09% of ENLT's $14.7B market cap — below the 0.5% materiality threshold
- Several sales coincided with option exercises at $0 or $23.22 basis, consistent with tax-motivated diversification
- No earnings, guidance, or material corporate announcement accompanied this selling window
Financial Impact
Gross insider sales of $12.78M over 7 days, ~0.09% of market cap. Net of derivative exercises and tax-withholding surrenders, economic selling is lower — the net cash-out is approximately $10.3M after subtracting $593K in exercise costs and $771K in tax-withholding share surrenders.
Risk Factors
- Further insider selling by remaining holders could signal a top in sentiment
- No C-suite buying to offset selling creates a one-sided information signal
- The stock has risen ~38% in the last 20 days per historical calibration window — profit-taking by insiders is rational and not necessarily informative
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ENLT-1780409799279 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 2, 2026
10d ago
|
Insider Cluster
| $104.56 $95.95 | ▼ −8.23% | ▼ −7.54% | $95.73 (−8.44%) |
|
Jun 1, 2026
11d ago
|
Insider Cluster
| $105.22 $104.56 | ▲ +0.63% | ▲ +0.77% | $95.73 (+9.02%) |
|
Jun 1, 2026
11d ago
|
Insider Cluster
| $105.22 $104.56 | ▼ −0.63% | ▼ −0.77% | $95.73 (−9.02%) |
|
May 28, 2026
15d ago
|
Insider Cluster
| $107.42 $105.22 | ▼ −2.05% | ▼ −2.31% | $95.73 (−10.88%) |
|
May 28, 2026
15d ago
|
Insider Cluster
| $102.70 $107.42 | ▲ +4.60% | ▲ +4.36% | $95.73 (−6.79%) |
|
May 28, 2026
15d ago
|
Insider Cluster
| $102.70 $107.42 | ▲ +4.60% | ▲ +4.36% | $95.73 (−6.79%) |
|
May 27, 2026
16d ago
|
Insider Cluster
| $102.50 $102.70 | ▲ +0.20% | ▼ −0.36% | $95.73 (−6.60%) |
|
May 26, 2026
17d ago
|
Insider Cluster
| $103.56 $102.50 | ▼ −1.02% | ▼ −1.04% | $95.73 (−7.56%) |
|
May 26, 2026
17d ago
|
Insider Cluster
| $103.56 $102.50 | ▼ −1.02% | ▼ −1.04% | $95.73 (−7.56%) |
|
May 19, 2026
24d ago
|
6-K
| $85.42 $89.21 | ▲ +4.44% | ▲ +3.40% | $95.73 (+12.07%) |
US Market Status
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