Enlight Renewable Energy
ENLT on Nasdaq. Electric services. Market value $9.3bn.
This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
What to watch out for
See Utilities stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.
$65.94 a share, 109% above its 1-year low
Over the past year the price has ranged from $31.55 to $108.65.
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | ||||
| Revenue | n/a | n/a | n/a | n/a |
| Operating margin | ||||
| Operating margin | n/a | n/a | n/a | n/a |
| Debt to equity | ||||
| Debt to equity | n/a | n/a | n/a | n/a |
| Shares outstanding | ||||
| Shares outstanding | 0.10bn | 0.12bn | 0.12bn | 0.13bn |
Health checks
- Free cash flow positiveNot enough data
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)Not enough data
- DebtUnknown
- Revenue growth, five yearsUnknown
- Buying back its own sharesNo, 30% more shares since 2022
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 30 March 2026
- Next quarterly (estimated, 10-Q)
- n/a
Who owns it
None of the long-term investors we follow own it. 173 funds in all.
Largest holders overall
- Clal Insurance Enterprises Holdings$986mCut
- USS Investment Management$718mCut
- Y.D. More Investments$458mCut
- Altshuler Shaham$345mCut
- Vanguard Capital Management$339mAdded
- Harel Insurance Investments & Financial Services$240m
- Invesco$154mCut
- Migdal Insurance & Financial Holdings$145m
- Vanguard Fiduciary Trust$108mAdded
- Legal & General Group$103mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
11 investors own more than 5%.
- Harel Insurance Investments & Financial Services Ltd.Passive investor10.5%−2.1 ptsSince 31 March 2026
- Migdal Insurance & Financial Holdings Ltd.Passive investorat least 9.9%−0.1 pts(filed with 1 related holder)Since 30 June 2026
- MEITAV INVESTMENT HOUSE LTDPassive investor8.5%−1.1 ptsSince 25 September 2025
- Clal Insurance Enterprises Holdings LtdPassive investor8.4%Since 31 March 2026
- Menora Mivtachim Holdings Ltd.Passive investorat least 7.6%+1.4 pts(filed with 1 related holder)Since 31 March 2026
- Phoenix Financial Ltd.Passive investor6.7%−1.8 ptsSince 31 March 2026
- BlackRock, Inc.Passive investor6.2%Since 30 June 2026
- Y.D More Investments Ltd.Passive investorat least 6.0%+1.6 pts(filed with 10 related holders)Since 31 March 2026
- MEITAV PROVIDENT FUNDS & PENSION LTDPassive investor5.5%Since 16 February 2025
- BYM More Investments Ltd.Passive investor5.0%Since 6 January 2026
- Yelin Lapidot Holdings Management Ltd.Passive investorat least 3.9%(filed with 2 related holders)Since 31 December 2025
- Migdal Mutual Funds Ltd.Passive investorSold down below 5%Since 30 September 2025
| Holder | Stake | Since | |
|---|---|---|---|
Harel Insurance Investments & Financial Services Ltd. Passive investor | 10.5%−2.1 pts | 31 March 2026 | |
Migdal Insurance & Financial Holdings Ltd. Passive investor | at least 9.9%−0.1 pts (filed with 1 related holder) | 30 June 2026 | |
MEITAV INVESTMENT HOUSE LTD Passive investor | 8.5%−1.1 pts | 25 September 2025 | |
Clal Insurance Enterprises Holdings Ltd Passive investor | 8.4% | 31 March 2026 | |
Menora Mivtachim Holdings Ltd. Passive investor | at least 7.6%+1.4 pts (filed with 1 related holder) | 31 March 2026 | |
Phoenix Financial Ltd. Passive investor | 6.7%−1.8 pts | 31 March 2026 | |
BlackRock, Inc. Passive investor | 6.2% | 30 June 2026 | |
Y.D More Investments Ltd. Passive investor | at least 6.0%+1.6 pts (filed with 10 related holders) | 31 March 2026 | |
MEITAV PROVIDENT FUNDS & PENSION LTD Passive investor | 5.5% | 16 February 2025 | |
BYM More Investments Ltd. Passive investor | 5.0% | 6 January 2026 | |
Yelin Lapidot Holdings Management Ltd. Passive investor | at least 3.9% (filed with 2 related holders) | 31 December 2025 | |
Migdal Mutual Funds Ltd. Passive investor | Sold down below 5% | 30 September 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 14 sold $31m.
- Paz AmitCHIEF INNOVATION OFFICERSold
- Date
- 14 September 2026
- Shares
- 2,221
- Price
- $73.94
- Value
- $164,218
- Paz AmitCHIEF INNOVATION OFFICERSold
- Date
- 9 September 2026
- Shares
- 4,329
- Price
- $76.57
- Value
- $331,490
- Cohen Israeli AyeletVP OPERATIONSSold
- Date
- 1 June 2026
- Shares
- 10,123
- Price
- $108.50
- Value
- $1m
- Tzuk MichalDirectorSold
- Date
- 29 May 2026
- Shares
- 2,400
- Price
- $105.86
- Value
- $254,064
- SEROUSSI YAIRDirectorSold
- Date
- 28 May 2026
- Shares
- 12,036
- Price
- $102.24
- Value
- $1m
- Felder AllaDirectorSold
- Date
- 28 May 2026
- Shares
- 2,500
- Price
- $102.48
- Value
- $256,200
- Haimovitz LisaVP, GENERAL COUNSELSold
- Date
- 28 May 2026
- Shares
- 746
- Price
- $103.88
- Value
- $77,494
- Carr MeronSVP, STRATEGIC PROJECTSSold
- Date
- 28 May 2026
- Shares
- 3,329
- Price
- $103.44
- Value
- $344,352
- Betzalel YitzhakDirectorSold
- Date
- 28 May 2026
- Shares
- 2,062
- Price
- $103.64
- Value
- $213,706
- Benyamini LiatDirectorSold
- Date
- 28 May 2026
- Shares
- 2,132
- Price
- $102.61
- Value
- $218,765
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 14 September 2026 | Paz Amit CHIEF INNOVATION OFFICER | Sold | 2,221 | $73.94 | $164,218 |
| 9 September 2026 | Paz Amit CHIEF INNOVATION OFFICER | Sold | 4,329 | $76.57 | $331,490 |
| 1 June 2026 | Cohen Israeli Ayelet VP OPERATIONS | Sold | 10,123 | $108.50 | $1m |
| 29 May 2026 | Tzuk Michal Director | Sold | 2,400 | $105.86 | $254,064 |
| 28 May 2026 | SEROUSSI YAIR Director | Sold | 12,036 | $102.24 | $1m |
| 28 May 2026 | Felder Alla Director | Sold | 2,500 | $102.48 | $256,200 |
| 28 May 2026 | Haimovitz Lisa VP, GENERAL COUNSEL | Sold | 746 | $103.88 | $77,494 |
| 28 May 2026 | Carr Meron SVP, STRATEGIC PROJECTS | Sold | 3,329 | $103.44 | $344,352 |
| 28 May 2026 | Betzalel Yitzhak Director | Sold | 2,062 | $103.64 | $213,706 |
| 28 May 2026 | Benyamini Liat Director | Sold | 2,132 | $102.61 | $218,765 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
Enlight Renewable Energy doesn’t file a US annual report (10-K), so we haven’t checked it.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.