Key Points
- Enphase Energy director Shanker Trivedi bought 1,000 shares on June 12 at an average price of $53.91, a total purchase of $53,910. The filing increased his position to 1,000 shares.
- The stock opened at $52.40 and has traded between a 52-week low of $25.77 and a 52-week high of $73.74. Enphase currently has a market cap of about $6.91 billion.
- Enphase recently beat quarterly EPS expectations with $0.47 per share versus $0.43 expected, though revenue fell 20.6% year over year. Analysts currently rate the stock a consensus Hold with an average target price of $44.65.
Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) Director Shanker Trivedi acquired 1,000 shares of Enphase Energy stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of $53.91 per share, with a total value of $53,910.00. Following the purchase, the director owned 1,000 shares in the company, valued at $53,910. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Enphase Energy Price Performance
NASDAQ ENPH opened at $52.40 on Tuesday. Enphase Energy, Inc. has a fifty-two week low of $25.77 and a fifty-two week high of $73.74. The stock's 50-day moving average is $45.87 and its two-hundred day moving average is $41.03. The firm has a market cap of $6.91 billion, a P/E ratio of 51.88 and a beta of 1.59. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.80 and a quick ratio of 3.20.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.04. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The business had revenue of $282.90 million for the quarter, compared to analyst estimates of $282.28 million. During the same quarter in the prior year, the firm posted $0.68 EPS. The firm's revenue for the quarter was down 20.6% on a year-over-year basis. On average, analysts anticipate that Enphase Energy, Inc. will post 0.84 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have weighed in on ENPH. Barclays reduced their price target on shares of Enphase Energy from $31.00 to $30.00 and set an "underweight" rating for the company in a report on Monday, May 4th. Roth Mkm reiterated a "buy" rating on shares of Enphase Energy in a research note on Friday, May 22nd. UBS Group set a $85.00 target price on Enphase Energy in a research report on Friday, May 22nd. Citigroup reduced their price objective on Enphase Energy from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 30th. Finally, Oppenheimer cut their target price on Enphase Energy from $68.00 to $57.00 and set an "outperform" rating for the company in a research note on Wednesday, April 29th. Nine research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $44.65.
View Our Latest Analysis on ENPH
Hedge Funds Weigh In On Enphase Energy
Hedge funds have recently modified their holdings of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Enphase Energy by 431.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company's stock worth $25,000 after buying an additional 514 shares during the period. Glass Jacobson Investment Advisors llc raised its stake in Enphase Energy by 77.8% during the fourth 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 in the last quarter. Ascentis Independent Advisors bought a new position in shares of Enphase Energy during the first quarter valued at $33,000. Stance Capital LLC acquired a new stake in shares of Enphase Energy in the 3rd quarter valued at $32,000. Finally, Activest Wealth Management grew its holdings in shares of Enphase Energy by 52,000.0% in the 4th quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 1,040 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.
Enphase Energy Company Profile
(
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.
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