Enlight Renewable Energy (ENLT)
Enlight Renewable Energy (ENLT)
Enlight Renewable Energy (ENLT) keeps delivering encouraging headlines that the stock has failed to reward. The Israeli developer signed a 200 MW solar deal with Google to power Oklahoma data centers and secured $2.6 billion in financing for its CO Bar Complex, yet shares have still slid nearly 25% from their 52-week high of $108.65. The margins explain why: profitability has fallen from over 25% to barely 10% in a single year. Meanwhile, insiders sold more than $1 million in shares across late May and early June.