Assenagon Asset Management S.A. Has $1.04 Million Holdings in Enphase Energy, Inc. $ENPH

Assenagon Asset Management S.A. cut its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 36.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,395 shares of the semiconductor company’s stock after selling 15,821 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Enphase Energy were worth $1,036,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Enphase Energy by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 16,329,647 shares of the semiconductor company’s stock valued at $523,365,000 after acquiring an additional 246,876 shares during the last quarter. Norges Bank bought a new position in shares of Enphase Energy during the fourth quarter worth about $118,190,000. Invesco Ltd. lifted its stake in shares of Enphase Energy by 36.2% in the fourth quarter. Invesco Ltd. now owns 3,158,931 shares of the semiconductor company’s stock worth $101,244,000 after acquiring an additional 839,468 shares during the period. Geode Capital Management LLC boosted its holdings in Enphase Energy by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,510,509 shares of the semiconductor company’s stock valued at $80,478,000 after acquiring an additional 11,220 shares during the last quarter. Finally, Coatue Management LLC increased its position in Enphase Energy by 95.3% during the 3rd quarter. Coatue Management LLC now owns 1,647,893 shares of the semiconductor company’s stock valued at $58,319,000 after purchasing an additional 803,945 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ENPH. Citigroup cut their price target on shares of Enphase Energy from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. lowered their target price on Enphase Energy from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Weiss Ratings upgraded Enphase Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Jefferies Financial Group lifted their price target on shares of Enphase Energy from $41.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Finally, Susquehanna decreased their target price on Enphase Energy from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.57.

Enphase Energy Stock Down 8.0%

Shares of NASDAQ ENPH opened at $43.07 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.80 and a quick ratio of 3.20. The company has a 50-day moving average price of $50.05 and a 200-day moving average price of $42.71. The stock has a market capitalization of $5.68 billion, a P/E ratio of 42.64 and a beta of 1.62. Enphase Energy, Inc. has a 1 year low of $25.77 and a 1 year high of $73.74.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The company had revenue of $282.90 million for the quarter, compared to analyst estimates of $282.27 million. During the same quarter last year, the company earned $0.68 earnings per share. The company’s revenue for the quarter was down 20.6% on a year-over-year basis. On average, equities research analysts forecast that Enphase Energy, Inc. will post 0.85 EPS for the current fiscal year.

Enphase Energy News Roundup

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

• Negative Sentiment: Investors are worried about weaker U.S. residential solar demand after policy changes that end the homeowner solar tax credit after 2025, which could hurt Enphase’s core market. The company has also recently reported softer U.S. sell-through and a revenue outlook that still leans on safe-harbor shipments rather than a broad demand rebound. Article: Why Enphase Energy (ENPH) Stock Is Down Today
• Negative Sentiment: Barclays reiterated a cautious stance on Enphase by assigning a Hold rating, adding to the pressure from analysts who remain wary of near-term growth in the solar space. Article: Enphase Energy (ENPH) Receives a Hold from Barclays
• Neutral Sentiment: Some recent commentary suggested Enphase could benefit from U.S. inverter restrictions and the company’s GaN-based product roadmap, but these longer-term themes have not been enough to offset current demand and policy concerns. Article: Enphase Energy (ENPH) Could Gain From Inverter Curbs And AI Data Center Push
• Neutral Sentiment: Bernstein also kept a Hold rating on the stock, reinforcing the view that Wall Street remains cautious even as Enphase continues to draw attention from investors. Article: Bernstein Sticks to Its Hold Rating for Enphase Energy (ENPH)

Insider Transactions at Enphase Energy

In other news, Director Shanker Trivedi bought 1,000 shares of the stock in a transaction dated Friday, June 12th. The stock was bought at an average price of $53.91 per share, for a total transaction of $53,910.00. Following the completion of the acquisition, the director directly owned 1,000 shares in the company, valued at approximately $53,910. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Mora sold 700 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $64.20, for a total transaction of $44,940.00. Following the transaction, the director directly owned 13,922 shares in the company, valued at $893,792.40. The trade was a 4.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.90% of the company’s stock.

Enphase Energy Profile

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.