Enphase Energy (NASDAQ:ENPH) Director Richard Mora Sells 700 Shares of Stock

Enphase Energy, Inc. (NASDAQ:ENPH) Director Richard Mora sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $46.39, for a total transaction of $32,473.00. Following the completion of the sale, the director directly owned 14,622 shares of the company’s stock, valued at approximately $678,314.58. This represents a 4.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Enphase Energy Trading Up 17.3%

Enphase Energy stock opened at $62.34 on Friday. Enphase Energy, Inc. has a 12-month low of $25.77 and a 12-month high of $63.28. 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 has a market capitalization of $8.22 billion, a PE ratio of 61.72 and a beta of 1.26. The firm has a 50 day simple moving average of $38.79 and a 200-day simple moving average of $37.08.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The firm had revenue of $282.90 million during the quarter, compared to the consensus estimate 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 for the quarter was down 20.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. As a group, equities research analysts expect that Enphase Energy, Inc. will post 0.84 EPS for the current fiscal year.

Institutional Trading of Enphase Energy

A number of institutional investors and hedge funds have recently made changes to their positions in ENPH. Norges Bank acquired a new position in shares of Enphase Energy during the 4th quarter valued at about $118,190,000. Invesco Ltd. lifted its holdings in Enphase Energy by 36.2% in the 4th quarter. Invesco Ltd. now owns 3,158,931 shares of the semiconductor company’s stock worth $101,244,000 after purchasing an additional 839,468 shares during the last quarter. Sora Investors LLC acquired a new stake in Enphase Energy in the 4th quarter worth approximately $25,998,000. Coatue Management LLC boosted its position in Enphase Energy by 95.3% during the third quarter. Coatue Management LLC now owns 1,647,893 shares of the semiconductor company’s stock worth $58,319,000 after purchasing an additional 803,945 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Enphase Energy by 2,335.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 798,090 shares of the semiconductor company’s stock worth $28,244,000 after purchasing an additional 765,322 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Key Headlines Impacting Enphase Energy

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

• Positive Sentiment: Goldman Sachs raised Enphase’s price target and maintained a buy rating, reinforcing optimism around the stock’s valuation and growth outlook. Enphase (ENPH) Hits New Record High on Bullish Rating, PT Upgrade
• Positive Sentiment: Goldman highlighted a potential opportunity in data center transformers, giving investors a new growth narrative beyond residential solar. Enphase powers to 52-week high as Goldman points to data center transformer opportunity
• Positive Sentiment: Enphase published a technical white paper on GaN technology, signaling ongoing product development and support for its next generation of distributed power electronics. Enphase Energy Publishes Technical White Paper on GaN Technology for Next-Generation Distributed Power Electronics
• Positive Sentiment: The company also launched PowerMatch software for its battery systems, which could improve efficiency and broaden the appeal of its storage products. Enphase PowerMatch Launch Sparks Questions On Growth Versus Valuation Risk

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Enphase Energy from $31.00 to $30.00 and set an “underweight” rating for the company in a research report on Monday, May 4th. HSBC upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Wednesday, February 4th. Citigroup decreased their target price on shares of Enphase Energy from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Jefferies Financial Group lowered their price target on shares of Enphase Energy from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Finally, Wells Fargo & Company dropped their price target on shares of Enphase Energy from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, Enphase Energy presently has a consensus rating of “Hold” and a consensus target price of $40.94.

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.