Enphase Energy (NASDAQ:ENPH) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Enphase Energy (NASDAQ:ENPH) from a strong-buy rating to a hold rating in a research report report published on Thursday,Zacks.com reports.

ENPH has been the topic of several other reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Enphase Energy from $49.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, July 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a $41.00 price target on shares of Enphase Energy in a research report on Monday, September 29th. Evercore ISI set a $33.00 price target on shares of Enphase Energy in a research report on Wednesday. Loop Capital set a $31.00 price target on shares of Enphase Energy in a research report on Thursday. Finally, Mizuho lowered shares of Enphase Energy from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $37.00 in a research report on Thursday, October 23rd. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and thirteen have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $44.71.

Enphase Energy Stock Performance

Shares of ENPH opened at $30.51 on Thursday. Enphase Energy has a 12 month low of $29.89 and a 12 month high of $89.95. The firm has a fifty day simple moving average of $36.84 and a 200 day simple moving average of $39.60. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 21.04 and a beta of 1.56. The company has a current ratio of 2.04, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, October 28th. The semiconductor company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.30. The firm 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 company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 earnings per share. Enphase Energy has set its Q4 2025 guidance at EPS. Research analysts forecast that Enphase Energy will post 2.08 EPS for the current fiscal year.

Insider Activity

In related news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average price 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Enphase Energy by 47.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,556 shares of the semiconductor company’s stock valued at $593,000 after purchasing an additional 3,089 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Enphase Energy by 38.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,188 shares of the semiconductor company’s stock valued at $1,129,000 after purchasing an additional 5,070 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Enphase Energy by 523.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 67,401 shares of the semiconductor company’s stock valued at $4,205,000 after purchasing an additional 56,586 shares during the last quarter. First Horizon Advisors Inc. raised its holdings 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 purchasing an additional 258 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Enphase Energy in the first quarter valued at about $1,609,000. 72.12% of the stock is owned by institutional investors.

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.