SCHEDULE: Harel Insurance Discloses 10.5% Stake in Enlight Renewable

Harel Insurance Investments & Financial Services Ltd. has filed a Schedule 13G, reporting beneficial ownership of 10.5% of Enlight Renewable Energy Ltd.'s ordinary shares as of March 31, 2026.

Summary

• Harel Insurance Investments & Financial Services Ltd. has filed an amendment to its Schedule 13G, indicating its beneficial ownership of 14,655,440 ordinary shares of Enlight Renewable Energy Ltd.
• This holding represents approximately 10.5% of the company's issued and outstanding ordinary shares.
• The filing is an amendment to a previous filing, with the event date requiring this statement being March 31, 2026.
• The shares are held through various investment vehicles managed by Harel's subsidiaries, including for members of the public and third-party client accounts, as well as for its own account.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it confirms significant institutional backing for Enlight Renewable Energy Ltd. without disclosing any new operational or financial performance data.

Positives

• Harel Insurance Investments & Financial Services Ltd. has a significant stake (10.5%) in Enlight Renewable Energy Ltd., suggesting confidence in the company's long-term prospects.
• The filing clarifies the nature of ownership, with a substantial portion held for public benefit through managed funds, indicating broad investor participation facilitated by Harel.

Negatives

• The filing does not contain any negative financial results or operational issues for Enlight Renewable Energy Ltd. itself; it solely reports on Harel's ownership stake.

Risks

• The filing does not explicitly mention any risks related to Enlight Renewable Energy Ltd. or Harel's investment.
• Potential risks for Harel could include market volatility affecting the value of its investment in Enlight Renewable Energy Ltd.

Future Outlook

The filing itself is a disclosure of ownership and does not contain forward-looking statements or guidance from Enlight Renewable Energy Ltd. regarding its future performance.

Management Comments

• "With regard to Rows (6), (8) and (9), please see Item 4. Row (11) is based on 139,444,059.5 Ordinary Shares issued and outstanding as of March 15, 2026 (as reported by the Issuer in its Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 30, 2026)."
• "Consequently, this Statement shall not be construed as an admission by the Reporting Person that it is the beneficial owner of more than 2,222,445 Ordinary Shares covered by this Statement."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

StockSavvy.ai notes that significant institutional ownership, as reported by Harel Insurance Investments & Financial Services Ltd., is a common characteristic of established companies in the renewable energy sector, often indicating investor confidence in the industry's growth trajectory and the company's position within it.

Stakeholder Impact

• Shareholders: The significant stake held by Harel Insurance Investments & Financial Services Ltd. may provide a degree of stability and confidence in the company's market position.
• Investors: The filing provides transparency regarding a major institutional investor's holdings, which can inform investment decisions.
• Management: The filing confirms a substantial institutional investor's continued interest, which can be a positive signal to management.

Next Steps

• Harel Insurance Investments & Financial Services Ltd. will continue to hold and manage its investment in Enlight Renewable Energy Ltd.
• Enlight Renewable Energy Ltd. will continue its operations in the renewable energy sector.

Key Dates

Keywords

Enlight Renewable Energy, Harel Insurance, Schedule 13G, Beneficial Ownership, Renewable Energy, Investment, Shareholder, SEC Filing