Enphase Energy, Inc. $ENPH Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 22.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,645 shares of the semiconductor company’s stock after selling 17,411 shares during the period. Rockefeller Capital Management L.P.’s holdings in Enphase Energy were worth $1,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Monaco Asset Management SAM acquired a new stake in shares of Enphase Energy during the fourth quarter worth about $2,724,000. Coatue Management LLC increased its holdings in Enphase Energy by 95.3% in the 3rd quarter. Coatue Management LLC now owns 1,647,893 shares of the semiconductor company’s stock worth $58,319,000 after buying an additional 803,945 shares during the period. Dynamic Technology Lab Private Ltd increased its holdings in Enphase Energy by 695.8% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 47,787 shares of the semiconductor company’s stock worth $1,691,000 after buying an additional 41,782 shares during the period. Schroder Investment Management Group raised its position in Enphase Energy by 24.3% during the 3rd quarter. Schroder Investment Management Group now owns 1,024,406 shares of the semiconductor company’s stock worth $36,254,000 after buying an additional 200,059 shares during the last quarter. Finally, Heron Bay Capital Management purchased a new position in Enphase Energy during the 3rd quarter worth approximately $1,039,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ENPH. The Goldman Sachs Group lifted their price objective on shares of Enphase Energy from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Jefferies Financial Group raised their target price on shares of Enphase Energy from $41.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Susquehanna reduced their target price on shares of Enphase Energy from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Enphase Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Enphase Energy from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Enphase Energy has a consensus rating of “Hold” and a consensus price target of $46.57.

Insider Buying and Selling

In other news, Director Shanker Trivedi acquired 1,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was bought at an average price of $53.91 per share, with a total value of $53,910.00. Following the completion of the acquisition, the director owned 1,000 shares of the company’s stock, valued at approximately $53,910. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of $67.50 per share, with a total value of $337,500.00. Following the transaction, the chief executive officer owned 1,645,632 shares of the company’s stock, valued at approximately $111,080,160. This trade represents a 0.30% increase in their position. The SEC filing for this purchase provides additional information. 2.90% of the stock is currently owned by insiders.

Enphase Energy Trading Up 1.9%

Enphase Energy stock opened at $49.24 on Wednesday. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.52. Enphase Energy, Inc. has a 12 month low of $25.77 and a 12 month high of $73.74. The stock’s 50 day simple moving average is $49.60 and its two-hundred day simple moving average is $42.53. The firm has a market cap of $6.49 billion, a PE ratio of 48.75 and a beta of 1.59.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The business had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $282.27 million. Enphase Energy had a net margin of 9.64% and a return on equity of 16.88%. The business’s revenue was down 20.6% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. Analysts anticipate that Enphase Energy, Inc. will post 0.85 earnings per share for the current year.

Key Stories Impacting Enphase Energy

Here are the key news stories impacting Enphase Energy this week:

• Positive Sentiment: Enphase announced it joined the Open Compute Project as a Platinum Member to help develop power standards for AI data centers, giving the stock a fresh growth narrative beyond residential solar. Enphase Energy Joins Open Compute Project as Platinum Member to Help Advance AI Data Center Power Standards
• Positive Sentiment: Northland Capital reportedly named Enphase a preferred pick, citing rising electricity costs and heat-related demand, which helped fuel a sharp premarket move. Northland Capital Names Enphase a Preferred Pick
• Positive Sentiment: Shares are also getting a boost from reports that U.S. regulators may move to restrict imports of foreign, especially Chinese, inverters, a potential competitive advantage for domestic suppliers like Enphase. TSLA, ENPH, SEDG: Clean Energy Stocks Jump as U.S. Plans Ban on Chinese Inverters
• Positive Sentiment: Options activity was unusually heavy, with traders buying far more call options than normal, suggesting speculative bullish sentiment. These Solar Stocks Could Benefit Most From A Chinese Inverter Ban
• Neutral Sentiment: Some commentary remains cautious, with one analysis saying Enphase’s inverter and battery recovery prospects are still underwhelming, which could limit upside if the new catalysts fade. Enphase Energy: Nascent Data Center Opportunities – Underwhelming Inverter/Battery Recovery Prospects

About Enphase Energy

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.