37,500 Shares in Enphase Energy, Inc. $ENPH Bought by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP bought a new position in Enphase Energy, Inc. (NASDAQ:ENPHFree Report) during the fourth quarter, HoldingsChannel reports. The fund bought 37,500 shares of the semiconductor company’s stock, valued at approximately $1,204,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ENPH. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in 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 acquiring an additional 514 shares during the period. Glass Jacobson Investment Advisors llc raised 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 acquiring an additional 350 shares during the period. Stance Capital LLC bought a new stake in Enphase Energy during the third quarter valued at about $32,000. Activest Wealth Management raised its holdings 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 period. Finally, Danske Bank A S bought a new stake in Enphase Energy during the third quarter valued at about $39,000. 72.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on ENPH shares. Wells Fargo & Company decreased their price target on Enphase Energy from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Morgan Stanley set a $27.00 price objective on Enphase Energy in a research report on Friday, May 8th. Susquehanna cut their price objective 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. Barclays cut their price objective on Enphase Energy from $31.00 to $30.00 and set an “underweight” rating for the company in a research report on Monday, May 4th. Finally, Sanford C. Bernstein began coverage on Enphase Energy in a research report on Tuesday. They set a “market perform” rating and a $56.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $45.70.

Get Our Latest Stock Report on ENPH

Insider Buying and Selling

In related news, Director Shanker Trivedi purchased 1,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director owned 1,000 shares in the company, valued at approximately $53,910. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was bought 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 $111,080,160. This 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 company insiders.

Enphase Energy Trading Down 4.9%

Shares of Enphase Energy stock opened at $47.78 on Thursday. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 47.31 and a beta of 1.60. The business has a 50-day moving average price of $46.46 and a 200-day moving average price of $41.33. The company has a quick ratio of 3.20, a current ratio of 3.80 and a debt-to-equity ratio of 0.52. Enphase Energy, Inc. has a twelve month low of $25.77 and a twelve month high of $73.74.

Enphase Energy (NASDAQ:ENPHGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 EPS 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 analyst estimates of $282.28 million. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The firm’s revenue was down 20.6% on a year-over-year basis. During the same quarter last year, the business posted $0.68 earnings per share. Equities research analysts anticipate that Enphase Energy, Inc. will post 0.84 EPS for the current fiscal year.

About Enphase Energy

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

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