Brokers Offer Predictions for Enphase Energy, Inc.’s Q4 2024 Earnings (NASDAQ:ENPH)

Enphase Energy, Inc. (NASDAQ:ENPH) – Investment analysts at Northland Capmk lowered their Q4 2024 earnings estimates for shares of Enphase Energy in a research report issued on Wednesday, April 24th. Northland Capmk analyst G. Richard now anticipates that the semiconductor company will post earnings per share of $0.60 for the quarter, down from their previous estimate of $0.73. The consensus estimate for Enphase Energy’s current full-year earnings is $1.95 per share.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. The company had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%.

Other equities research analysts also recently issued reports about the stock. Oppenheimer lifted their price target on shares of Enphase Energy from $133.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday. TD Cowen upped their price objective on shares of Enphase Energy from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com cut Enphase Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Wells Fargo & Company dropped their price objective on shares of Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Susquehanna restated a “positive” rating and issued a $140.00 price target on shares of Enphase Energy in a research report on Friday, April 5th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Enphase Energy currently has an average rating of “Hold” and an average target price of $137.41.

Enphase Energy Trading Up 3.8 %

Shares of Enphase Energy stock opened at $111.93 on Friday. Enphase Energy has a 52-week low of $73.49 and a 52-week high of $192.22. The company has a debt-to-equity ratio of 1.30, a quick ratio of 4.19 and a current ratio of 4.16. The firm has a 50-day moving average of $118.22 and a 200-day moving average of $111.90. The stock has a market cap of $15.23 billion, a PE ratio of 58.30, a PEG ratio of 3.16 and a beta of 1.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC boosted its holdings in shares of Enphase Energy by 6.3% in the 3rd quarter. CWM LLC now owns 4,040 shares of the semiconductor company’s stock worth $485,000 after purchasing an additional 239 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Enphase Energy by 155.0% during the third quarter. Exchange Traded Concepts LLC now owns 1,349 shares of the semiconductor company’s stock valued at $162,000 after purchasing an additional 820 shares in the last quarter. Oak Thistle LLC bought a new stake in Enphase Energy during the third quarter valued at about $259,000. Czech National Bank lifted its position in Enphase Energy by 47.1% during the third quarter. Czech National Bank now owns 23,858 shares of the semiconductor company’s stock valued at $2,867,000 after acquiring an additional 7,635 shares during the last quarter. Finally, Lane Generational LLC purchased a new stake in Enphase Energy in the third quarter valued at about $2,856,000. 72.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Enphase Energy

In other news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the sale, the director now directly owns 3,126 shares in the company, valued at approximately $376,964.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Richard Mora sold 24,285 shares of Enphase Energy stock in a transaction on Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now owns 3,126 shares in the company, valued at approximately $376,964.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the completion of the sale, the executive vice president now owns 124,948 shares of the company’s stock, valued at approximately $13,605,587.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,285 shares of company stock valued at $6,148,228. 3.40% of the stock is owned by company insiders.

Enphase Energy Company Profile

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.