Key Points
- Director Thurman Rodgers sold 150,000 shares of Enphase at an average price of $29.13 on Dec. 2, totaling $4.37M and reducing his stake by 7.96% to 1,733,596 shares.
- Enphase posted a quarterly beat with EPS of $0.90 versus $0.60 expected and revenue of $410.4M versus $364.6M, with revenue up 7.8% year‑over‑year.
- Despite the strong quarter, analyst sentiment is cautious — MarketBeat shows an average rating of "Reduce" (average target $39.90) with 5 buys, 12 holds and 13 sells.
Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) Director Thurman Rodgers sold 150,000 shares of the company's stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $29.13, for a total transaction of $4,369,500.00. Following the completion of the transaction, the director directly owned 1,733,596 shares of the company's stock, valued at $50,499,651.48. This represents a 7.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Enphase Energy Stock Performance
NASDAQ ENPH opened at $30.76 on Friday. The company has a quick ratio of 1.88, a current ratio of 2.04 and a debt-to-equity ratio of 0.57. Enphase Energy, Inc. has a twelve month low of $25.77 and a twelve month high of $78.26. The business has a 50-day moving average price of $32.54 and a 200-day moving average price of $36.51. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 21.21 and a beta of 1.43.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The semiconductor company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.30. The company had revenue of $410.43 million for the quarter, compared to analysts' expectations of $364.64 million. Enphase Energy had a return on equity of 25.67% and a net margin of 12.93%.The firm's revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. As a group, equities research analysts predict that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Maven Securities LTD bought a new stake in Enphase Energy during the 3rd quarter valued at about $696,000. Danske Bank A S purchased a new position in shares of Enphase Energy in the 3rd quarter valued at $39,000. Stance Capital LLC purchased a new stake in shares of Enphase Energy during the 3rd quarter valued at $32,000. Gould Capital LLC increased its stake in Enphase Energy by 93.3% during the 3rd quarter. Gould Capital LLC now owns 36,462 shares of the semiconductor company's stock valued at $1,290,000 after purchasing an additional 17,599 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Enphase Energy by 109.9% during the third quarter. CANADA LIFE ASSURANCE Co now owns 156,102 shares of the semiconductor company's stock worth $5,626,000 after buying an additional 81,739 shares during the period. 72.12% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on ENPH. Wall Street Zen downgraded Enphase Energy from a "buy" rating to a "hold" rating in a research report on Saturday, November 1st. Glj Research boosted their price objective on Enphase Energy from $19.80 to $23.49 and gave the stock a "sell" rating in a research note on Tuesday, September 23rd. Zacks Research cut Enphase Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 30th. BMO Capital Markets restated an "underperform" rating and set a $31.00 price target on shares of Enphase Energy in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Enphase Energy from $40.00 to $37.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and thirteen have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $39.90.
Read Our Latest Analysis on ENPH
About Enphase Energy
(
Get Free Report)
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.
Further Reading
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