Capital One Financial Weighs in on Enphase Energy, Inc.’s Q1 2023 Earnings (NASDAQ:ENPH)

Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) – Stock analysts at Capital One Financial issued their Q1 2023 EPS estimates for Enphase Energy in a research note issued to investors on Wednesday, April 27th. Capital One Financial analyst R. Tullis forecasts that the semiconductor company will post earnings of $0.57 per share for the quarter.

Enphase Energy (NASDAQ:ENPHGet Rating) last issued its earnings results on Tuesday, April 26th. The semiconductor company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.39 by $0.40. Enphase Energy had a net margin of 10.88% and a return on equity of 45.30%. During the same period in the previous year, the firm posted $0.48 earnings per share.

ENPH has been the subject of several other reports. Cowen boosted their target price on shares of Enphase Energy from $227.00 to $240.00 in a research report on Wednesday, April 27th. Piper Sandler dropped their target price on shares of Enphase Energy from $230.00 to $220.00 in a research report on Thursday, April 21st. KeyCorp lifted their price target on shares of Enphase Energy from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, April 7th. TheStreet raised shares of Enphase Energy from a “c+” rating to a “b” rating in a report on Thursday, April 7th. Finally, Truist Financial decreased their price target on shares of Enphase Energy from $290.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, January 24th. Seven analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $237.29.

Shares of NASDAQ:ENPH opened at $161.40 on Monday. The firm has a 50 day moving average of $178.22 and a 200-day moving average of $185.07. The stock has a market capitalization of $21.79 billion, a PE ratio of 137.95 and a beta of 1.27. The company has a current ratio of 3.44, a quick ratio of 3.16 and a debt-to-equity ratio of 3.62. Enphase Energy has a 12 month low of $108.88 and a 12 month high of $282.46.

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman sold 37,500 shares of the business’s stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of $200.01, for a total value of $7,500,375.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David A. Ranhoff sold 15,376 shares of the business’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $162.81, for a total transaction of $2,503,366.56. The disclosure for this sale can be found here. Insiders have sold a total of 255,577 shares of company stock worth $43,780,910 in the last ninety days. 4.80% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in ENPH. Kistler Tiffany Companies LLC grew its stake in Enphase Energy by 1,811.1% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 172 shares of the semiconductor company’s stock worth $26,000 after buying an additional 163 shares in the last quarter. American National Bank boosted its position in Enphase Energy by 80.5% during the 4th quarter. American National Bank now owns 148 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 66 shares during the period. Retirement Planning Co of New England Inc. purchased a new stake in Enphase Energy during the 4th quarter valued at $27,000. AlphaCentric Advisors LLC purchased a new stake in Enphase Energy during the 4th quarter valued at $27,000. Finally, Horan Securities Inc. purchased a new stake in Enphase Energy during the 4th quarter valued at $29,000. 70.39% of the stock is owned by institutional investors and hedge funds.

About Enphase Energy (Get Rating)

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services.

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Earnings History and Estimates for Enphase Energy (NASDAQ:ENPH)

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