SCHEDULE: Menora Mivtachim Discloses Stake in Enlight Renewable Energy

Menora Mivtachim Holdings Ltd. and its subsidiaries have updated their Schedule 13G filing, reporting a combined beneficial ownership of 7.57% in Enlight Renewable Energy Ltd. as of March 31, 2026.

Summary

• Menora Mivtachim Holdings Ltd. and its subsidiaries have filed an amendment to their Schedule 13G, reporting their beneficial ownership of Enlight Renewable Energy Ltd. ordinary shares.
• As of March 31, 2026, Menora Mivtachim Pensions and Gemel Ltd. beneficially owns 9,299,545 ordinary shares, representing 6.68% of the total outstanding shares.
• Menora Mivtachim Insurance Ltd. beneficially owns 1,155,168 ordinary shares (0.83%).
• Shomera Insurance Company Ltd. beneficially owns 10,241 ordinary shares (0.01%).
• Menora Mivtachim Vehistadrut Hamehandesim Nihul Kupot Gemel Ltd. beneficially owns 65,248 ordinary shares (0.05%).
• The total combined beneficial ownership reported by Menora Mivtachim Holdings Ltd. and its subsidiaries is 10,530,202 ordinary shares, representing 7.57% of the total outstanding shares.
• The filing states that the beneficial ownership is held for the benefit of insurance policy holders, owners of portfolio accounts, or members of provident or pension funds.
• The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It provides important information about institutional ownership but lacks operational or financial performance data, making it difficult to assess the company's current standing or future prospects.

Positives

• Significant institutional ownership by Menora Mivtachim Holdings Ltd. and its subsidiaries indicates confidence in Enlight Renewable Energy Ltd.
• The filing clearly outlines the beneficial ownership percentages, providing transparency to investors.
• The reporting entities are established financial institutions, suggesting a stable and long-term investment perspective.

Negatives

• The filing does not contain financial performance data or operational updates, limiting the assessment of the company's current health.
• The disclaimer of beneficial ownership beyond pecuniary interest could be interpreted as a cautious stance, though standard for such filings.

Risks

• The filing does not explicitly mention any risks associated with Enlight Renewable Energy Ltd.'s operations or the investment itself.
• Potential risks could include market volatility in the renewable energy sector, regulatory changes, or project execution challenges, none of which are detailed in this filing.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Enlight Renewable Energy Ltd.'s future performance.

Management Comments

• "The economic interest or beneficial ownership in a portion of the securities covered by this report (including the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities) is held for the benefit of insurance policy holders, the owners of portfolio accounts, or the members of the provident funds or pension funds, as the case may be."
• "This statement on Schedule 13G shall not be construed as an admission by Menora Holdings or by any of the Subsidiaries that it is the beneficial owner of any of such securities covered by this statement on Schedule 13G, and each of Menora Holdings and the Subsidiaries disclaims beneficial ownership of any such securities except to the extent of its pecuniary interest therein."
• "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 this Schedule 13G filing by Menora Mivtachim Holdings Ltd. signifies substantial institutional investment in the renewable energy sector, specifically in Enlight Renewable Energy Ltd. Such filings often indicate a stable, long-term investment strategy by large financial entities, which can be a positive signal for companies in growth-oriented industries like renewables.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional ownership, potentially indicating stability and long-term investment interest.
• Policy Holders/Fund Members: Their capital is being managed by Menora Mivtachim entities, with this investment representing a portion of their diversified portfolios.
• Creditors: The presence of substantial institutional investors may imply a more stable financial footing for Enlight Renewable Energy Ltd.

Next Steps

• Continue to monitor future SEC filings from Enlight Renewable Energy Ltd. for financial performance and operational updates.
• Observe any further changes in beneficial ownership reported by Menora Mivtachim Holdings Ltd. or other institutional investors.

Key Dates

Keywords

Enlight Renewable Energy, Schedule 13G, Menora Mivtachim Holdings, Institutional Ownership, Beneficial Ownership, Ordinary Shares, SEC Filing, Renewable Energy