Key Points
- Director Richard Mora sold 1,100 shares on Feb. 10 at an average price of $52.05 for $57,255, cutting his stake by 10.51% to 9,370 shares (about $487,708).
- Enphase beat quarterly EPS at $0.71 vs. $0.52 and reported $343.3M in revenue, but revenue was down 10.3% year‑over‑year; the stock was trading down about 8.5% and opened at $44.14.
- Analysts’ consensus is a "Hold" with an average price target of $42.70, though several firms (RBC, Goldman, Wells Fargo) have recently raised targets into the $50s.
Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) Director Richard Mora sold 1,100 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $52.05, for a total value of $57,255.00. Following the transaction, the director owned 9,370 shares of the company's stock, valued at approximately $487,708.50. The trade was a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Enphase Energy Trading Down 8.5%
NASDAQ ENPH opened at $44.14 on Friday. Enphase Energy, Inc. has a 52 week low of $25.77 and a 52 week high of $70.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.84 and a current ratio of 2.07. The stock's 50 day moving average price is $36.60 and its two-hundred day moving average price is $35.00. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 34.22 and a beta of 1.37.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.19. The company had revenue of $343.32 million for the quarter, compared to the consensus estimate of $340.45 million. Enphase Energy had a net margin of 11.69% and a return on equity of 20.31%. The firm's revenue was down 10.3% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. As a group, analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Enphase Energy by 431.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 514 shares during the period. Glass Jacobson Investment Advisors llc lifted its position in Enphase Energy by 77.8% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 350 shares during the period. Salomon & Ludwin LLC grew its stake in Enphase Energy by 761.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 861 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 761 shares during the last quarter. Stance Capital LLC purchased a new stake in Enphase Energy during the 3rd quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Enphase Energy by 199.7% in the third quarter. Geneos Wealth Management Inc. now owns 920 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 613 shares during the period. Hedge funds and other institutional investors own 72.12% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on ENPH shares. Royal Bank Of Canada upgraded shares of Enphase Energy from a "sector perform" rating to an "outperform" rating and set a $54.00 price objective for the company in a research note on Wednesday, February 4th. TD Cowen increased their price target on Enphase Energy from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Wednesday, February 4th. The Goldman Sachs Group boosted their price target on Enphase Energy from $45.00 to $51.00 and gave the stock a "buy" rating in a research report on Wednesday, February 4th. Wells Fargo & Company increased their price objective on Enphase Energy from $45.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, February 4th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $55.00 price target (up from $45.00) on shares of Enphase Energy in a research report on Wednesday, February 4th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $42.70.
Get Our Latest Research Report on ENPH
About Enphase Energy
(
Get Free Report)
Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.
The company's product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.
Further Reading
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