18,541 Shares in Enphase Energy, Inc. $ENPH Purchased by Royce & Associates LP

Royce & Associates LP purchased a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 18,541 shares of the semiconductor company’s stock, valued at approximately $594,000.

Several other institutional investors have also added to or reduced their stakes in ENPH. PFG Investments LLC raised its holdings in shares of Enphase Energy by 2.2% during the 4th quarter. PFG Investments LLC now owns 12,191 shares of the semiconductor company’s stock worth $391,000 after acquiring an additional 260 shares in the last quarter. Swiss Life Asset Management Ltd grew its holdings in shares of Enphase Energy by 5.5% in the third quarter. Swiss Life Asset Management Ltd now owns 6,132 shares of the semiconductor company’s stock valued at $217,000 after purchasing an additional 319 shares in the last quarter. Glass Jacobson Investment Advisors llc increased its position in Enphase Energy by 77.8% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 350 shares during the last quarter. GAMMA Investing LLC increased its position in Enphase Energy by 19.2% in the fourth quarter. GAMMA Investing LLC now owns 2,431 shares of the semiconductor company’s stock worth $78,000 after purchasing an additional 392 shares during the last quarter. Finally, Tempus Wealth Planning LLC raised its stake in Enphase Energy by 4.8% during the third quarter. Tempus Wealth Planning LLC now owns 8,556 shares of the semiconductor company’s stock valued at $303,000 after purchasing an additional 394 shares in the last quarter. Hedge funds and other institutional investors 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: TD Cowen doubled its price target on Enphase Energy to $70, reflecting improved valuation expectations and supporting the stock’s recent strength. Read More
• Positive Sentiment: Enphase was highlighted in articles about solar and clean-energy leaders, keeping the company visible to investors focused on the renewable-energy theme. Read More
• Positive Sentiment: News that PowerBridge expanded its energy portfolio through an Enphase patent acquisition may reinforce the value of Enphase’s intellectual property. Read More
• Neutral Sentiment: Some commentary focused on Enphase as an AI-infrastructure-related idea, but one Seeking Alpha piece argued that narrative may not amount to much, making the thesis uncertain. Read More
• Neutral Sentiment: Zacks noted Enphase has risen sharply since its last earnings report, but the article was mainly a performance update rather than a fresh fundamental catalyst. Read More
• Negative Sentiment: Bearish trading commentary flagged Enphase as potentially overextended and possibly in a short squeeze, which can increase the risk of a pullback if momentum fades. Read More
• Negative Sentiment: Market commentary also pointed out that short interest had jumped in May, adding to volatility risk even though the reported figures were unusual. Read More

Wall Street Analyst Weigh In

Several research firms have commented on ENPH. Susquehanna lowered their price objective on shares of Enphase Energy from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Mizuho set a $39.00 target price on shares of Enphase Energy in a research report on Wednesday, February 4th. Weiss Ratings raised shares of Enphase Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. dropped their price target on Enphase Energy from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group boosted their price objective on Enphase Energy from $51.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Nine research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $44.24.

Enphase Energy Stock Performance

ENPH stock opened at $68.36 on Monday. Enphase Energy, Inc. has a twelve month low of $25.77 and a twelve month high of $73.74. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 67.68 and a beta of 1.59. The company has a quick ratio of 3.20, a current ratio of 3.80 and a debt-to-equity ratio of 0.52. The firm’s fifty day simple moving average is $41.57 and its two-hundred day simple moving average is $38.61.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.04. Enphase Energy had a net margin of 9.64% and a return on equity of 16.88%. The firm had revenue of $282.90 million during the quarter, compared to analyst estimates of $282.28 million. During the same quarter last year, the business earned $0.68 EPS. The business’s revenue was down 20.6% on a year-over-year basis. As a group, analysts anticipate that Enphase Energy, Inc. will post 0.84 earnings per share for the current year.

Insiders Place Their Bets

In other Enphase Energy news, Director Richard Mora sold 700 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $46.39, for a total value of $32,473.00. Following the completion of the sale, the director owned 14,622 shares of the company’s stock, valued at $678,314.58. This trade represents a 4.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were acquired at an average price of $67.50 per share, with a total value of $337,500.00. Following the transaction, the chief executive officer directly owned 1,645,632 shares of the company’s stock, valued at approximately $111,080,160. This trade represents a 0.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.90% of the stock is 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.