Enphase Energy (NASDAQ:ENPH) Stock Price Target Lowered at Glj Research

Enphase Energy (NASDAQ:ENPH – Free Report) had its target price cut by Glj Research from $24.47 to $21.49 in a research report released on Monday morning,Benzinga reports. They currently have a sell rating on the semiconductor company’s stock.

Several other brokerages also recently weighed in on ENPH. Oppenheimer reissued an “outperform” rating and set a $55.00 price target on shares of Enphase Energy in a research report on Monday, October 5th. The Goldman Sachs Group lowered their target price on shares of Enphase Energy from $55.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, September 21st. TD Cowen cut their target price on shares of Enphase Energy from $70.00 to $48.00 and set a “hold” rating for the company in a research report on Monday, July 20th. Evercore reissued a “positive” rating and set a $41.00 price target on shares of Enphase Energy in a report on Monday, August 17th. Finally, JPMorgan Chase & Co. dropped their price target on Enphase Energy from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Enphase Energy currently has an average rating of “Hold” and a consensus price target of $42.98.

Check Out Our Latest Research Report on ENPH

Enphase Energy Price Performance

Shares of NASDAQ ENPH opened at $30.36 on Monday. Enphase Energy has a 1 year low of $25.77 and a 1 year high of $73.74. The stock has a market capitalization of $4.01 billion, a P/E ratio of 30.36 and a beta of 1.64. The company’s 50-day moving average is $34.58 and its 200 day moving average is $41.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.45 and a quick ratio of 2.95.

Enphase Energy (NASDAQ:ENPH – Get Free Report) last announced its earnings results on Tuesday, July 28th. The semiconductor company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). Enphase Energy had a net margin of 10.09% and a return on equity of 13.31%. The business had revenue of $291.85 million for the quarter, compared to the consensus estimate of $289.76 million. During the same period in the prior year, the business posted $0.69 EPS. Enphase Energy’s revenue for the quarter was down 19.6% on a year-over-year basis. On average, sell-side analysts expect that Enphase Energy will post 0.66 earnings per share for the current year.

Insider Activity

In other news, Director Richard Mora sold 1,500 shares of Enphase Energy stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $40.36, for a total value of $60,540.00. Following the completion of the transaction, the director owned 10,422 shares in the company, valued at approximately $420,631.92. The trade was a 12.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Archer Investment Corp bought a new position in Enphase Energy during the 2nd quarter worth about $30,000. Ascentis Independent Advisors acquired a new position in shares of Enphase Energy in the first quarter valued at about $33,000. Burnham & Co LLC acquired a new stake in shares of Enphase Energy in the second quarter worth $34,000. Continuum Advisory LLC acquired a new position in Enphase Energy in the second quarter valued at approximately $42,000. Finally, Allworth Financial LP purchased a new position in shares of Enphase Energy in the 2nd quarter valued at about $46,000. 72.12% of the stock is currently owned by institutional investors.

More Enphase Energy News

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

  • Positive Sentiment: Enphase successfully demonstrated its IQ Solid-State Transformer technology converting 13.8 kV AC to 800 VDC. The milestone supports the company’s efforts to develop higher-efficiency power infrastructure for data centers and other high-power applications. Enphase IQ Solid-State Transformer demonstration
  • Positive Sentiment: Enphase and Infineon announced 900-volt gallium-nitride bidirectional switch devices for solid-state transformers used in AI data centers. The technology could expand Enphase’s addressable market beyond residential solar, although commercial impact is still dependent on development and customer adoption. Enphase and Infineon 900 V GaN announcement
  • Neutral Sentiment: Enphase was expected to report quarterly results on October 27. Investors are focused on demand trends, margins, and management’s outlook following the company’s prior quarter, when revenue declined 19.6% year over year and EPS slightly missed consensus. Enphase Q3 earnings expectations
  • Neutral Sentiment: One market-data report listed Enphase short interest at zero shares, implying no measurable short-selling pressure; the figure may reflect a reporting or data anomaly and is therefore of limited signaling value.
  • Negative Sentiment: GLJ Research cut its Enphase price target from $24.47 to $21.49 and assigned a “sell” rating. The new target implies substantial downside from the reported market price, adding pressure ahead of earnings and reinforcing concerns about near-term fundamentals. GLJ Research Enphase rating

About Enphase Energy

(Get Free Report)

Enphase Energy, Inc develops and manufactures technology for residential and commercial solar energy systems. Its products include solar microinverters, which convert electricity generated by individual solar panels into usable power, along with integrated energy management technologies designed to improve system performance, monitoring and reliability.

The company also offers battery storage systems, electric vehicle chargers and software that enables customers, installers and utilities to monitor and manage distributed energy resources.

See Also

Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

Receive News & Ratings for Enphase Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy and related companies with MarketBeat.com's FREE daily email newsletter.