Profund Advisors LLC Grows Stake in Enphase Energy, Inc. $ENPH

Profund Advisors LLC lifted its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 109.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,392 shares of the semiconductor company’s stock after buying an additional 10,664 shares during the period. Profund Advisors LLC’s holdings in Enphase Energy were worth $654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ENPH. Coatue Management LLC boosted its stake in shares of Enphase Energy by 95.3% in the 3rd quarter. Coatue Management LLC now owns 1,647,893 shares of the semiconductor company’s stock worth $58,319,000 after buying an additional 803,945 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Enphase Energy by 2,335.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 798,090 shares of the semiconductor company’s stock worth $28,244,000 after buying an additional 765,322 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Enphase Energy by 334.1% in the 3rd quarter. Principal Financial Group Inc. now owns 626,065 shares of the semiconductor company’s stock worth $22,156,000 after buying an additional 481,846 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Enphase Energy by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 16,329,647 shares of the semiconductor company’s stock worth $523,365,000 after buying an additional 246,876 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Enphase Energy by 212.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 330,711 shares of the semiconductor company’s stock worth $11,704,000 after buying an additional 224,705 shares during the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Price Performance

NASDAQ ENPH opened at $64.03 on Friday. The company has a market capitalization of $8.44 billion, a PE ratio of 63.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.20 and a current ratio of 3.80. The business’s fifty day moving average is $39.20 and its 200 day moving average is $37.27. Enphase Energy, Inc. has a fifty-two week low of $25.77 and a fifty-two week high of $64.94.

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, beating the consensus estimate of $0.43 by $0.04. The company had revenue of $282.90 million for 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%.Enphase Energy’s quarterly revenue was down 20.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. Sell-side analysts predict that Enphase Energy, Inc. will post 0.84 earnings per share for the current year.

Trending Headlines about Enphase Energy

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

• Positive Sentiment: Goldman Sachs raised its price target on Enphase Energy and kept a bullish stance, which helped fuel a strong rally in the stock and pushed it to a new 52-week high. Enphase (ENPH) Hits New Record High on Bullish Rating, PT Upgrade
• Positive Sentiment: Goldman also pointed to a potential opportunity in data center transformers, giving Enphase a new growth narrative beyond residential solar and supporting the stock’s upward momentum. 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 for next-generation power electronics, highlighting ongoing product innovation and long-term platform development. Enphase Energy Publishes Technical White Paper on GaN Technology for Next-Generation Distributed Power Electronics
• Positive Sentiment: The company launched PowerMatch software for IQ Battery systems, which could improve efficiency and strengthen its storage product appeal. Enphase PowerMatch Launch Sparks Questions On Growth Versus Valuation Risk
• Neutral Sentiment: Director Richard Mora sold 700 shares in a routine insider transaction; the sale was relatively small and does not appear to signal a major shift in fundamentals. Enphase Energy (NASDAQ:ENPH) Director Richard Mora Sells 700 Shares

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ENPH. UBS Group set a $85.00 price target on Enphase Energy in a research note on Friday. The Goldman Sachs Group raised their price target on Enphase Energy from $51.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday. Mizuho set a $39.00 price target on Enphase Energy in a research note on Wednesday, February 4th. Susquehanna dropped their price target on Enphase Energy from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded Enphase Energy from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, Enphase Energy has an average rating of “Hold” and a consensus price target of $42.78.

Insider Buying and Selling at Enphase Energy

In related news, Director Thurman J. Rodgers sold 137,250 shares of Enphase Energy stock in a transaction on Friday, March 13th. The stock was sold at an average price of $43.61, for a total transaction of $5,985,472.50. Following the transaction, the director directly owned 1,597,641 shares in the company, valued at approximately $69,673,124.01. The trade was a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Mora sold 700 shares of Enphase Energy stock in a transaction on Tuesday, May 19th. The shares were 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 $678,314.58. This trade represents a 4.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.90% of the stock is currently owned by insiders.

Enphase Energy 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.