Enphase Energy (NASDAQ:ENPH) Downgraded to “Hold” Rating by Wall Street Zen

Enphase Energy (NASDAQ:ENPH) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other analysts have also recently issued reports about the stock. Citigroup lowered their target price on shares of Enphase Energy from $32.00 to $31.00 and set a “sell” rating on the stock in a research note on Wednesday. Bank of America lowered their price objective on shares of Enphase Energy from $31.00 to $30.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 23rd. The Goldman Sachs Group restated a “sell” rating and set a $32.00 price objective (down previously from $77.00) on shares of Enphase Energy in a research report on Wednesday, July 9th. Mizuho cut shares of Enphase Energy from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $37.00 in a research report on Thursday, October 23rd. Finally, Oppenheimer set a $67.00 price objective on shares of Enphase Energy and gave the company an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and thirteen have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $44.71.

Enphase Energy Stock Performance

NASDAQ ENPH opened at $30.51 on Friday. Enphase Energy has a 1 year low of $29.89 and a 1 year high of $89.95. 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 has a market capitalization of $3.99 billion, a PE ratio of 21.04 and a beta of 1.56. The company’s 50 day simple moving average is $36.84 and its two-hundred day simple moving average is $39.70.

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

Insider Activity at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of Enphase Energy stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average price of $30.82 per share, with a total value of $154,100.00. Following the acquisition, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Enphase Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale boosted its stake in shares of Enphase Energy by 0.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company’s stock valued at $5,421,000 after purchasing an additional 238 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in Enphase Energy by 2.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,357 shares of the semiconductor company’s stock valued at $643,000 after acquiring an additional 255 shares during the period. First Horizon Advisors Inc. lifted its position in Enphase Energy by 83.0% during the 1st quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 258 shares during the period. Empirical Finance LLC lifted its position in Enphase Energy by 9.1% during the 1st quarter. Empirical Finance LLC now owns 3,996 shares of the semiconductor company’s stock valued at $248,000 after acquiring an additional 332 shares during the period. Finally, Brooklyn Investment Group lifted its position in Enphase Energy by 124.7% during the 1st quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 368 shares during the period. 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.