Enphase Energy (NASDAQ:ENPH) Director Richard Mora Sells 1,500 Shares of Stock

Enphase Energy, Inc. (NASDAQ:ENPHGet Free Report) Director Richard Mora sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $40.36, for a total value of $60,540.00. Following the completion of the sale, the director owned 10,422 shares of the company’s stock, valued at approximately $420,631.92. This trade represents a 12.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Richard Mora also recently made the following trade(s):

  • On Thursday, July 30th, Richard Mora sold 2,000 shares of Enphase Energy stock. The stock was sold at an average price of $36.76, for a total value of $73,520.00.
  • On Monday, June 1st, Richard Mora sold 700 shares of Enphase Energy stock. The shares were sold at an average price of $64.20, for a total value of $44,940.00.
  • On Tuesday, May 19th, Richard Mora sold 700 shares of Enphase Energy stock. The stock was sold at an average price of $46.39, for a total value of $32,473.00.

Enphase Energy Price Performance

Shares of NASDAQ ENPH traded down $0.30 during mid-day trading on Friday, reaching $40.48. The company had a trading volume of 2,796,960 shares, compared to its average volume of 4,748,930. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 40.48 and a beta of 1.64. The business’s 50-day simple moving average is $44.38 and its 200 day simple moving average is $44.06. Enphase Energy, Inc. has a one year low of $25.77 and a one year high of $73.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.95 and a current ratio of 3.45.

Enphase Energy (NASDAQ:ENPHGet Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The firm had revenue of $291.85 million for the quarter, compared to analyst estimates of $289.76 million. Enphase Energy had a return on equity of 13.31% and a net margin of 10.09%.The company’s quarterly revenue was down 19.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. On average, research analysts predict that Enphase Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on ENPH shares. Barclays raised shares of Enphase Energy from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $30.00 to $51.00 in a research note on Thursday, June 18th. Susquehanna reduced their price objective on shares of Enphase Energy from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Roth Capital restated a “buy” rating on shares of Enphase Energy in a report on Friday, May 22nd. The Goldman Sachs Group raised their target price on Enphase Energy from $51.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Finally, Sanford C. Bernstein began coverage on Enphase Energy in a report on Tuesday, June 16th. They set a “market perform” rating and a $56.00 target price on the stock. Eight analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.61.

Read Our Latest Analysis on Enphase Energy

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Enphase Energy by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 16,329,647 shares of the semiconductor company’s stock worth $523,365,000 after purchasing an additional 246,876 shares in the last quarter. Norges Bank bought a new position in shares of Enphase Energy during the 4th quarter worth approximately $118,190,000. Invesco Ltd. boosted its holdings in shares of 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 in the last quarter. Geode Capital Management LLC grew its position in shares of 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, Handelsbanken Fonder AB grew its position in shares of Enphase Energy by 154.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 2,111,158 shares of the semiconductor company’s stock worth $103,953,000 after buying an additional 1,283,052 shares during the period. 72.12% of the stock is owned by institutional investors.

Enphase Energy Company Profile

(Get 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.

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Insider Buying and Selling by Quarter for Enphase Energy (NASDAQ:ENPH)

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