Enphase Energy, Inc. (NASDAQ:ENPH – Get Free Report) Director Richard Mora sold 700 shares of Enphase Energy stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $46.39, for a total value of $32,473.00. Following the transaction, the director owned 14,622 shares in the company, valued at approximately $678,314.58. The trade was a 4.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Enphase Energy Trading Up 17.3%
Enphase Energy stock traded up $9.19 during trading on Thursday, reaching $62.34. 18,257,556 shares of the company were exchanged, compared to its average volume of 7,342,232. Enphase Energy, Inc. has a 52-week low of $25.77 and a 52-week high of $63.28. The company has a market capitalization of $8.22 billion, a P/E ratio of 61.72 and a beta of 1.26. 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 stock’s 50 day simple moving average is $38.41 and its two-hundred day simple moving average is $36.85.
Enphase Energy (NASDAQ:ENPH – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. The firm had revenue of $282.90 million for the quarter, compared to analyst estimates of $282.28 million. Enphase Energy had a net margin of 9.64% and a return on equity of 16.88%. The business’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS. On average, equities research analysts expect that Enphase Energy, Inc. will post 0.84 earnings per share for the current fiscal year.
More Enphase Energy News
- Positive Sentiment: Goldman Sachs raised its price target on Enphase Energy to $57 and reiterated a buy rating, reinforcing the bullish view that the stock still has room to run. Enphase Energy (NASDAQ:ENPH) Price Target Raised to $57.00 at The Goldman Sachs Group
- Positive Sentiment: Enphase published a technical white paper on GaN bi-directional switch technology, signaling progress toward next-generation distributed power electronics products that could improve performance and keep the company competitive. Enphase Energy Publishes Technical White Paper on GaN Technology for Next-Generation Distributed Power Electronics
- Neutral Sentiment: Some commentary noted broader weakness in solar and clean-energy names as higher Treasury yields pressured growth stocks, which may have added volatility even as ENPH recovered. Sterling, Ameresco, and Enphase Shares Plummet, What You Need To Know
- Neutral Sentiment: Enphase’s recent rally has also been supported by general investor interest in solar technology stocks and favorable market buzz, though this is less directly tied to fundamentals.
- Negative Sentiment: Some recent articles continued to point to concerns over revenue declines and mixed operating trends, suggesting the business still faces fundamental headwinds despite the upbeat sentiment.
Hedge Funds Weigh In On Enphase Energy
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Enphase Energy by 1.5% in the 4th 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 in the last quarter. Norges Bank acquired a new position in Enphase Energy in the 4th quarter valued at about $118,190,000. Invesco Ltd. increased its stake in Enphase Energy by 36.2% during the 4th quarter. Invesco Ltd. now owns 3,158,931 shares of the semiconductor company’s stock worth $101,244,000 after buying an additional 839,468 shares during the period. Geode Capital Management LLC increased its stake in Enphase Energy by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,510,509 shares of the semiconductor company’s stock worth $80,478,000 after buying an additional 11,220 shares during the period. Finally, First Trust Advisors LP increased its stake in Enphase Energy by 42.4% during the 1st quarter. First Trust Advisors LP now owns 1,834,416 shares of the semiconductor company’s stock worth $69,359,000 after buying an additional 546,460 shares during the period. 72.12% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ENPH has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Enphase Energy from $39.00 to $40.00 and gave the stock a “hold” rating in a research 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 Wednesday. Wells Fargo & Company decreased their price objective on shares of Enphase Energy from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Roth Mkm reaffirmed a “buy” rating and set a $55.00 price objective (up from $45.00) on shares of Enphase Energy in a research report on Wednesday, February 4th. Finally, Evercore set a $37.00 target price on shares of Enphase Energy in a report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $40.94.
Check Out Our Latest Stock Report on Enphase Energy
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.
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