Enphase Energy (NASDAQ:ENPH) Upgraded at Zacks Research

Zacks Research upgraded shares of Enphase Energy (NASDAQ:ENPH) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

Several other brokerages have also issued reports on ENPH. Royal Bank Of Canada set a $28.00 price target on Enphase Energy and gave the company a “sector perform” rating in a research note on Wednesday, June 18th. Barclays lifted their target price on Enphase Energy from $28.00 to $29.00 and gave the company an “underweight” rating in a research report on Thursday, July 24th. Johnson Rice downgraded Enphase Energy from a “buy” rating to an “accumulate” rating and set a $45.00 target price for the company. in a research note on Wednesday, July 30th. Wells Fargo & Company raised their price target on shares of Enphase Energy from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $41.00 price objective on shares of Enphase Energy in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and thirteen have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $55.82.

Enphase Energy Price Performance

ENPH stock opened at $36.80 on Wednesday. The company’s 50-day moving average price is $36.04 and its two-hundred day moving average price is $42.90. The firm has a market cap of $4.81 billion, a P/E ratio of 28.75 and a beta of 1.56. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. Enphase Energy has a 12 month low of $29.89 and a 12 month high of $109.50.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.07. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The business had revenue of $363.15 million for the quarter, compared to analyst estimates of $359.14 million. During the same quarter last year, the business posted $0.43 EPS. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. Enphase Energy has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Enphase Energy will post 2.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of Enphase Energy stock in a transaction on Wednesday, August 6th. The shares were purchased at an average cost of $30.82 per share, with a total value of $154,100.00. Following the acquisition, the chief executive officer directly owned 1,620,632 shares of the company’s stock, valued at $49,947,878.24. The trade was a 0.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Enphase Energy

A number of hedge funds have recently modified their holdings of ENPH. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Enphase Energy by 431.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 514 shares during the period. CX Institutional bought a new stake in shares of Enphase Energy in the 1st quarter valued at about $29,000. First Horizon Advisors Inc. increased its stake in shares of Enphase Energy by 83.0% in the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 258 shares during the period. SVB Wealth LLC acquired a new stake in shares of Enphase Energy in the first quarter valued at about $38,000. Finally, Brooklyn Investment Group raised its position in shares of Enphase Energy by 124.7% during the first quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 368 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

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.