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

Enphase Energy (NASDAQ:ENPH) had its price target decreased by Citigroup from $37.00 to $25.00 in a research report report published on Friday,Benzinga reports. Citigroup currently has a neutral rating on the semiconductor company’s stock.

Several other research firms have also issued reports on ENPH. Roth Capital lowered shares of Enphase Energy from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Wednesday. Northland Securities set a $36.00 price target on shares of Enphase Energy in a report on Wednesday. Craig Hallum set a $38.00 price target on shares of Enphase Energy in a research report on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of Enphase Energy from $35.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company reduced their price objective on shares of Enphase Energy from $44.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $35.11.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $25.65 on Friday. The stock has a 50-day simple moving average of $33.63 and a two-hundred day simple moving average of $40.96. Enphase Energy has a 52-week low of $23.83 and a 52-week high of $73.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.95 and a current ratio of 4.09. The firm has a market capitalization of $3.39 billion, a PE ratio of 38.28 and a beta of 1.64.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, October 27th. The semiconductor company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). Enphase Energy had a return on equity of 9.16% and a net margin of 7.49%. The company had revenue of $293.33 million during the quarter, compared to analysts’ expectations of $304.59 million. During the same quarter in the previous year, the company earned $0.90 EPS. The business’s quarterly revenue was down 28.5% compared to the same quarter last year. Analysts forecast that Enphase Energy will post 0.66 EPS for the current year.

Insider Transactions at Enphase Energy

In related 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 transaction of $60,540.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Enphase Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Compass Financial Management LLC purchased a new stake in shares of Enphase Energy in the third quarter worth about $1,199,000. Hollow Brook Wealth Management LLC purchased a new position in Enphase Energy during the 3rd quarter valued at approximately $330,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Enphase Energy during the 3rd quarter valued at approximately $1,650,000. ProShare Advisors LLC increased its stake in Enphase Energy by 32.7% in the 3rd quarter. ProShare Advisors LLC now owns 20,437 shares of the semiconductor company’s stock worth $674,000 after acquiring an additional 5,037 shares during the last quarter. Finally, State of Wyoming bought a new stake in Enphase Energy in the 3rd quarter worth approximately $52,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Enphase Energy

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

• Positive Sentiment: Enphase entered into an agreement to sell up to $100 million of U.S. advanced manufacturing tax credits. The transaction should provide cash and monetize tax benefits, potentially supporting liquidity during the solar downturn. Enphase Energy enters into tax credit transfer agreement
• Neutral Sentiment: Management is pursuing longer-term opportunities in AI data-center power technology and EV charging while working through excess channel inventory. These initiatives could diversify Enphase beyond residential solar, but investors remain uncertain about their timing and ability to offset near-term weakness. Enphase Energy solar slump and AI data-center ambitions
• Negative Sentiment: Third-quarter adjusted earnings were $0.41 per share, below the $0.51 consensus estimate, while revenue of approximately $293.3 million missed expectations of $304.6 million and fell 28.5% year over year. Fourth-quarter guidance was also described as disappointing, reinforcing concerns about weak solar demand. Why Enphase shares are sliding
• Negative Sentiment: Oppenheimer, BMO Capital Markets, Sanford C. Bernstein and Roth Capital each issued more cautious views or reduced their price targets. The broadening analyst pessimism adds pressure to ENPH after the earnings miss and signals limited confidence in a near-term recovery. Enphase sinks on Q3 miss and analyst downgrades

Enphase Energy Company Profile

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.