Fideuram Intesa Sanpaolo Private Banking S.P.A. Increases Stock Holdings in Enphase Energy, Inc. $ENPH

Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 7.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 286,190 shares of the semiconductor company’s stock after purchasing an additional 19,688 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. owned 0.22% of Enphase Energy worth $10,821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Enphase Energy by 431.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock worth $25,000 after buying an additional 514 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its holdings in Enphase Energy by 77.8% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 350 shares during the last quarter. Stance Capital LLC purchased a new stake in Enphase Energy during the third quarter valued at approximately $32,000. Activest Wealth Management raised its position in Enphase Energy by 52,000.0% in the fourth quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 1,040 shares during the period. Finally, Danske Bank A S bought a new position in Enphase Energy in the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Down 8.0%

ENPH opened at $43.07 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.20 and a current ratio of 3.80. Enphase Energy, Inc. has a fifty-two week low of $25.77 and a fifty-two week high of $73.74. The firm’s fifty day moving average is $50.05 and its 200 day moving average is $42.71. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 42.64 and a beta of 1.62.

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

Insider Activity

In other news, Director Richard Mora sold 700 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $64.20, for a total value of $44,940.00. Following the completion of the transaction, the director owned 13,922 shares of the company’s stock, valued at $893,792.40. This represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $67.50 per share, with a total value of $337,500.00. Following the transaction, the chief executive officer directly owned 1,645,632 shares of the company’s stock, valued at $111,080,160. This represents a 0.30% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.90% of the company’s stock.

Key Stories Impacting Enphase Energy

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)

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein began coverage on shares of Enphase Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $56.00 price objective for the company. Wells Fargo & Company decreased their target price on Enphase Energy from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen upgraded Enphase Energy from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. Evercore set a $37.00 price target on Enphase Energy in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their price target on Enphase Energy from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.57.

Enphase Energy Company 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.