SCHEDULE: Harel Insurance Discloses 12.6% Stake in Enlight Renewable Energy

Harel Insurance Investments & Financial Services Ltd. has reported a 12.6% beneficial ownership stake in Enlight Renewable Energy Ltd. as of December 31, 2025.

Summary

• Harel Insurance Investments & Financial Services Ltd. beneficially owns 15,172,107 Ordinary Shares of Enlight Renewable Energy Ltd.
• This represents 12.6% of Enlight Renewable Energy Ltd.'s outstanding Ordinary Shares.
• The ownership percentage is based on 120,007,417 Ordinary Shares issued and outstanding as of August 4, 2025.
• Of the total, 12,319,646 Ordinary Shares are held for members of the public through provident funds, mutual funds, pension funds, insurance policies, and exchange-traded funds managed by Harel's subsidiaries.
• An additional 659,262 Ordinary Shares are held by third-party client accounts managed by a subsidiary, where Harel has no voting power.
• Harel Insurance beneficially holds 2,193,199 Ordinary Shares for its own account.
• Harel Insurance holds shared voting power over 14,512,845 shares and shared dispositive power over 15,172,107 shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as a significant stake by a reputable institutional investor like Harel Insurance can signal market confidence and stability for Enlight Renewable Energy.

Positives

• A significant institutional investor, Harel Insurance Investments & Financial Services Ltd., has disclosed a substantial 12.6% beneficial ownership stake in Enlight Renewable Energy Ltd., indicating confidence in the company's prospects.
• The majority of the shares (12,319,646) are held for public members through various managed funds, suggesting broad institutional interest and a diversified ownership base.

Negatives

• The filing does not contain any negative information regarding Enlight Renewable Energy Ltd.

Risks

• The filing does not detail specific risks related to Enlight Renewable Energy Ltd.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that the disclosure of a significant 12.6% stake by Harel Insurance, a major Israeli financial services group, in Enlight Renewable Energy underscores the growing institutional interest and investment in the renewable energy sector, particularly in companies with established projects and growth potential. This reflects a broader trend of capital allocation towards sustainable infrastructure and energy transition initiatives.

Comparison to Industry Standards

• This filing primarily concerns an institutional ownership disclosure rather than operational or financial results, making direct comparisons to industry performance benchmarks less applicable.
• Large institutional stakes like Harel's in Enlight Renewable Energy are common in the renewable energy sector, where long-term capital is often deployed to support capital-intensive projects. For instance, similar significant institutional holdings are observed in companies like NextEra Energy (U.S.), Ørsted (Denmark), and Iberdrola (Spain), where major financial institutions often hold substantial positions, reflecting confidence in the sector's long-term growth.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by Harel Insurance may be viewed positively, potentially increasing investor confidence and signaling long-term commitment to Enlight Renewable Energy.

Key Dates

Recommendation

The disclosure of a significant institutional stake by Harel Insurance is generally a positive signal, indicating confidence from a major investor. However, this filing is purely an ownership disclosure and does not provide new operational or financial performance data for Enlight Renewable Energy Ltd. While the institutional backing is a good sign, a 'hold' recommendation is appropriate as further analysis of the company's financial results, strategic initiatives, and market conditions would be required to justify a stronger 'buy' or 'sell' position. The filing confirms a substantial, stable ownership base, which can contribute to long-term stability.

Keywords

Enlight Renewable Energy, Harel Insurance, Renewable Energy, Institutional Ownership, Schedule 13G, Beneficial Ownership, Ordinary Shares, Investment, Israel