Brokers Issue Forecasts for Enphase Energy, Inc.’s FY2024 Earnings (NASDAQ:ENPH)

Enphase Energy, Inc. (NASDAQ:ENPHFree Report) – Zacks Research boosted their FY2024 earnings per share estimates for Enphase Energy in a note issued to investors on Wednesday, May 29th. Zacks Research analyst R. Department now expects that the semiconductor company will earn $1.14 per share for the year, up from their previous estimate of $1.09. The consensus estimate for Enphase Energy’s current full-year earnings is $1.53 per share. Zacks Research also issued estimates for Enphase Energy’s Q4 2025 earnings at $1.15 EPS, FY2025 earnings at $2.34 EPS and FY2026 earnings at $3.74 EPS.

Enphase Energy (NASDAQ:ENPHGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). The company had revenue of $263.34 million for the quarter, compared to analyst estimates of $280.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%.

A number of other brokerages also recently issued reports on ENPH. DZ Bank began coverage on Enphase Energy in a research report on Wednesday, April 17th. They set a “hold” rating and a $116.00 price target on the stock. Truist Financial cut their target price on Enphase Energy from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Morgan Stanley upped their target price on Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. B. Riley upped their target price on Enphase Energy from $121.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Piper Sandler restated a “neutral” rating and set a $111.00 target price (down from $113.00) on shares of Enphase Energy in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Enphase Energy presently has a consensus rating of “Hold” and a consensus target price of $134.10.

Get Our Latest Analysis on Enphase Energy

Enphase Energy Trading Down 2.1 %

Shares of NASDAQ:ENPH opened at $127.90 on Monday. The company has a market capitalization of $17.40 billion, a P/E ratio of 66.61, a P/E/G ratio of 4.93 and a beta of 1.50. Enphase Energy has a 1 year low of $73.49 and a 1 year high of $192.22. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. The business’s 50 day simple moving average is $115.50 and its 200 day simple moving average is $115.58.

Institutional Trading of Enphase Energy

Several large investors have recently made changes to their positions in ENPH. Bogart Wealth LLC acquired a new stake in shares of Enphase Energy in the 4th quarter valued at about $26,000. Manchester Capital Management LLC grew its stake in shares of Enphase Energy by 1,068.4% in the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 203 shares during the period. CVA Family Office LLC acquired a new stake in shares of Enphase Energy in the 4th quarter valued at about $31,000. Chilton Capital Management LLC grew its stake in shares of Enphase Energy by 2,733.3% in the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 246 shares during the period. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of Enphase Energy in the 1st quarter valued at about $35,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $116.29, for a total transaction of $581,450.00. Following the completion of the sale, the executive vice president now directly owns 119,948 shares in the company, valued at approximately $13,948,752.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $116.29, for a total transaction of $581,450.00. Following the completion of the sale, the executive vice president now directly owns 119,948 shares in the company, valued at approximately $13,948,752.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven J. Gomo sold 20,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $104.69, for a total value of $2,093,800.00. Following the sale, the director now owns 118,360 shares of the company’s stock, valued at $12,391,108.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 349,526 shares of company stock worth $43,649,325. Company insiders own 3.40% of the company’s stock.

About Enphase Energy

(Get Free Report)

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.

See Also

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

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