Citigroup Issues Pessimistic Forecast for Enphase Energy (NASDAQ:ENPH) Stock Price

Enphase Energy (NASDAQ:ENPH) had its target price dropped by investment analysts at Citigroup from $32.00 to $31.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “sell” rating on the semiconductor company’s stock. Citigroup’s target price suggests a potential upside of 2.89% from the stock’s current price.

A number of other brokerages have also issued reports on ENPH. Johnson Rice lowered shares of Enphase Energy from a “buy” rating to an “accumulate” rating and set a $45.00 target price on the stock. in a research note on Wednesday, July 30th. Wall Street Zen upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 30th. Jefferies Financial Group restated a “hold” rating and issued a $41.00 target price on shares of Enphase Energy in a research note on Monday, September 29th. Glj Research upped their target price on shares of Enphase Energy from $19.80 to $23.49 and gave the company a “sell” rating in a research note on Tuesday, September 23rd. Finally, Zacks Research upgraded shares of Enphase Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and thirteen have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $44.71.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $30.13 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.82. The firm has a 50-day moving average of $36.99 and a two-hundred day moving average of $39.86. The stock has a market cap of $3.94 billion, a P/E ratio of 20.78 and a beta of 1.56. Enphase Energy has a 1-year low of $29.89 and a 1-year high of $89.95.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, October 28th. The semiconductor company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.30. The company had revenue of $410.43 million during the quarter, compared to analysts’ expectations of $364.64 million. Enphase Energy had a net margin of 12.93% and a return on equity of 25.67%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. Enphase Energy has set its Q4 2025 guidance at EPS. On average, research analysts expect that Enphase Energy will post 2.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was purchased at an average price of $30.82 per share, for a total transaction of $154,100.00. Following the transaction, the chief executive officer owned 1,620,632 shares in the company, valued at approximately $49,947,878.24. This trade represents a 0.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Arkadios Wealth Advisors bought a new position in Enphase Energy in the 3rd quarter worth about $226,000. Amalgamated Bank grew its position in Enphase Energy by 54.0% in the 3rd quarter. Amalgamated Bank now owns 43,695 shares of the semiconductor company’s stock worth $1,546,000 after purchasing an additional 15,321 shares during the last quarter. CFC Planning Co LLC bought a new position in Enphase Energy in the 3rd quarter worth about $231,000. Maryland State Retirement & Pension System grew its position in Enphase Energy by 321.7% in the 3rd quarter. Maryland State Retirement & Pension System now owns 25,971 shares of the semiconductor company’s stock worth $919,000 after purchasing an additional 19,812 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Enphase Energy in the 3rd quarter worth about $2,038,000. Institutional investors own 72.12% of the company’s stock.

About Enphase Energy

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.