Key Points
- CEO insider buying: Enphase CEO Badrinarayanan Kothandaraman purchased 10,000 shares at an average of $26.75, investing $267,500 and increasing his direct stake by 0.61%.
- Weak quarterly performance: Third-quarter revenue fell 28.5% year over year to $293.3 million, while EPS of $0.41 missed the $0.51 consensus estimate. The company’s $240 million revenue forecast for the following quarter also came in below expectations.
- Mixed analyst outlook: Several analysts cut Enphase’s price targets and earnings estimates, leaving the stock with a consensus “Hold” rating and an average price target of $35.11, despite some firms maintaining positive views.
Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) CEO Badrinarayanan Kothandaraman bought 10,000 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The stock was purchased at an average cost of $26.75 per share, with a total value of $267,500.00. Following the acquisition, the chief executive officer directly owned 1,655,632 shares in the company, valued at $44,288,156. This trade represents a 0.61% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Enphase Energy Stock Up 8.9%
NASDAQ ENPH opened at $27.93 on Tuesday. The stock's 50 day moving average is $33.41 and its 200 day moving average is $40.92. The company has a current ratio of 4.09, a quick ratio of 2.95 and a debt-to-equity ratio of 0.46. Enphase Energy, Inc. has a 12 month low of $23.83 and a 12 month high of $73.74. The stock has a market cap of $3.70 billion, a PE ratio of 41.69 and a beta of 1.64.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The semiconductor company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.10). Enphase Energy had a net margin of 7.49% and a return on equity of 9.16%. The company had revenue of $293.33 million for the quarter, compared to the consensus estimate of $304.59 million. During the same period last year, the company earned $0.90 EPS. The firm's revenue for the quarter was down 28.5% on a year-over-year basis. Research analysts predict that Enphase Energy, Inc. will post 0.34 EPS for the current fiscal year.
More Enphase Energy News
Here are the key news stories impacting Enphase Energy this week:
- Positive Sentiment: CEO Badrinarayanan Kothandaraman purchased 10,000 Enphase shares at an average price of $26.75, investing approximately $267,500. The transaction increased his position by 0.61% and may be viewed as a sign of management confidence after the stock’s recent weakness. SEC insider transaction filing
- Positive Sentiment: Trading activity showed elevated demand for bullish call options, with 28,915 contracts purchased—about 33% above average call volume—suggesting some traders are positioning for a further recovery.
- Positive Sentiment: Solar stocks broadly rebounded, with Enphase among the strongest performers after suffering a sharp earnings-related decline the prior week. The sector-wide move provided a favorable backdrop for ENPH. Solar stocks rebound article
- Neutral Sentiment: Some Wall Street analysts continue to see potential in Enphase, helping counter recent sell ratings and price-target reductions. However, investor sentiment remains highly sensitive to guidance and demand trends. Why Enphase Energy stock bounced back
- Negative Sentiment: Analysts trimmed Enphase’s price targets and fiscal 2026 EPS estimates following weak results and disappointing guidance. These revisions signal expectations for slower near-term growth. Citigroup price target reduction EPS estimate reduction
- Negative Sentiment: Enphase’s third-quarter revenue fell 28.5% year over year to $293.3 million, missing expectations, while adjusted EPS of $0.41 also missed consensus. Management’s $240 million next-quarter revenue forecast was well below analysts’ estimates, reinforcing concerns about pressure in core markets. ENPH Q3 deep dive
Hedge Funds Weigh In On Enphase Energy
Institutional investors and hedge funds have recently modified their holdings of the stock. CenterBook Partners LP boosted its stake in shares of Enphase Energy by 85.0% during the 3rd quarter. CenterBook Partners LP now owns 59,468 shares of the semiconductor company's stock worth $1,962,000 after purchasing an additional 27,322 shares during the period. Compass Financial Management LLC bought a new position in Enphase Energy during the 3rd quarter valued at about $1,199,000. Hollow Brook Wealth Management LLC purchased a new stake in Enphase Energy in the 3rd quarter worth about $330,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Enphase Energy in the 3rd quarter worth about $1,650,000. Finally, ProShare Advisors LLC raised its position in Enphase Energy by 32.7% in the 3rd quarter. ProShare Advisors LLC now owns 20,437 shares of the semiconductor company's stock worth $674,000 after purchasing an additional 5,037 shares during the period. Hedge funds and other institutional investors own 72.12% of the company's stock.
Analyst Upgrades and Downgrades
ENPH has been the subject of a number of research reports. BMO Capital Markets dropped their price target on Enphase Energy from $28.00 to $25.00 and set a "market perform" rating for the company in a research note on Wednesday, October 28th. Glj Research reduced their price objective on Enphase Energy from $24.47 to $21.49 and set a "sell" rating on the stock in a research note on Monday, October 26th. Evercore reaffirmed a "positive" rating and issued a $41.00 price objective on shares of Enphase Energy in a research note on Monday, August 17th. Barclays decreased their price objective on Enphase Energy from $44.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 28th. Finally, Craig Hallum set a $38.00 target price on Enphase Energy in a research report on Wednesday, October 28th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Enphase Energy presently has an average rating of "Hold" and an average price target of $35.11.
Check Out Our Latest Report on ENPH
About Enphase Energy
(
Get Free Report)
Enphase Energy, Inc develops and manufactures technology for residential and commercial solar energy systems. Its products include solar microinverters, which convert electricity generated by individual solar panels into usable power, along with integrated energy management technologies designed to improve system performance, monitoring and reliability.
The company also offers battery storage systems, electric vehicle chargers and software that enables customers, installers and utilities to monitor and manage distributed energy resources.
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