Royal Bank Of Canada Lowers Enphase Energy (NASDAQ:ENPH) Price Target to $31.00

Enphase Energy (NASDAQ:ENPH) had its price target dropped by equities researchers at Royal Bank Of Canada from $33.00 to $31.00 in a report released on Wednesday, MarketBeat.com reports. The brokerage currently has a “sector perform” rating on the semiconductor company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 2.89% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets reiterated an “underperform” rating and issued a $31.00 price target on shares of Enphase Energy in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Enphase Energy from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Glj Research increased their price objective on shares of Enphase Energy from $19.80 to $23.49 and gave the stock a “sell” rating in a research note on Tuesday, September 23rd. Barclays increased their price objective on shares of Enphase Energy from $29.00 to $33.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $32.00 price objective (down previously from $77.00) on shares of Enphase Energy in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and thirteen have given a Sell rating to the company’s stock. According to MarketBeat, Enphase Energy has a consensus rating of “Reduce” and a consensus target price of $44.71.

Enphase Energy Price 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 stock’s fifty day moving average price is $36.99 and its 200 day moving average price is $39.86. Enphase Energy has a 1 year low of $29.89 and a 1 year high of $89.95. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 20.78 and a beta of 1.56.

Enphase Energy (NASDAQ:ENPH) last announced 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 business had revenue of $410.43 million for the quarter, compared to analyst estimates of $364.64 million. Enphase Energy had a return on equity of 25.67% and a net margin of 12.93%.The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 earnings per share. Enphase Energy has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Enphase Energy will post 2.08 earnings per share for the current year.

Insider Activity at Enphase Energy

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

Institutional Trading of Enphase Energy

Several institutional investors have recently bought and sold shares of the business. Arkadios Wealth Advisors acquired a new stake in Enphase Energy in the third quarter valued at approximately $226,000. Amalgamated Bank grew its stake in Enphase Energy by 54.0% in the 3rd quarter. Amalgamated Bank now owns 43,695 shares of the semiconductor company’s stock valued at $1,546,000 after acquiring an additional 15,321 shares during the period. CFC Planning Co LLC acquired a new stake in Enphase Energy in the 3rd quarter valued at $231,000. Maryland State Retirement & Pension System grew its stake 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 valued at $919,000 after acquiring an additional 19,812 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Enphase Energy in the third quarter valued at about $2,038,000. 72.12% of the stock is owned by institutional investors and hedge funds.

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.