Enphase Energy, Inc. (NASDAQ:ENPH) Given Average Rating of “Hold” by Analysts

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have received a consensus rating of “Hold” from the twenty-five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $46.5708.

ENPH has been the subject of several research analyst reports. Wells Fargo & Company decreased their target price on Enphase Energy from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Susquehanna cut their price target on shares of Enphase Energy from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Citigroup reduced 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 note on Thursday, April 30th. Evercore set a $37.00 price objective on shares of Enphase Energy in a research report on Monday, May 4th. Finally, Oppenheimer dropped their target price on shares of Enphase Energy from $68.00 to $57.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th.

Insiders Place Their Bets

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of Enphase Energy stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average price of $67.50 per share, for a total transaction of $337,500.00. Following the acquisition, the chief executive officer owned 1,645,632 shares in the company, valued at $111,080,160. This trade represents a 0.30% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Mora sold 700 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $64.20, for a total transaction of $44,940.00. Following the completion of the transaction, the director directly owned 13,922 shares of the company’s stock, valued at $893,792.40. This trade represents a 4.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Enphase Energy

A number of large investors have recently added to or reduced their stakes in ENPH. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Enphase Energy by 431.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 514 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its position in shares of Enphase Energy by 77.8% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock worth $26,000 after buying an additional 350 shares during the last quarter. Stance Capital LLC bought a new position in shares of Enphase Energy during the 3rd quarter worth approximately $32,000. Activest Wealth Management lifted its position in Enphase Energy by 52,000.0% during the fourth quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 1,040 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in Enphase Energy during the first quarter valued at approximately $33,000. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy Stock Up 0.2%

Shares of NASDAQ ENPH opened at $52.41 on Tuesday. 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 has a 12-month low of $25.77 and a 12-month high of $73.74. The firm’s 50-day moving average price is $47.68 and its 200-day moving average price is $41.83. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 51.89 and a beta of 1.59.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data 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 net margin of 9.64% and a return on equity of 16.88%. The business had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $282.28 million. During the same quarter in the previous year, the business posted $0.68 earnings per share. The business’s revenue was down 20.6% compared to the same quarter last year. On average, equities research analysts anticipate that Enphase Energy will post 0.84 EPS for the current fiscal year.

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.