Enphase Energy (NASDAQ:ENPH) Given New $25.00 Price Target at Citigroup

Key Points

• Citigroup cut Enphase Energy’s price target from $37 to $25 and maintained a neutral rating, implying roughly 2.5% downside from the prior close.
• Analyst sentiment remains cautious: Enphase has a consensus “Hold” rating and an average price target of $35.11, with several firms recently lowering their targets.
• Recent results missed expectations, with earnings of $0.41 per share and revenue of $293.3 million, down 28.5% year over year; shares traded near $25.65, close to their one-year low.

Enphase Energy (NASDAQ:ENPH - Get Free Report) had its target price dropped by equities research analysts at Citigroup from $37.00 to $25.00 in a research report issued on Friday, Benzinga reports. The firm currently has a "neutral" rating on the semiconductor company's stock. Citigroup's target price would suggest a potential downside of 2.53% from the stock's previous close.

ENPH has been the topic of several other research reports. Royal Bank Of Canada dropped their target price on Enphase Energy from $41.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday. The Goldman Sachs Group reduced their price objective on Enphase Energy from $47.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday. Evercore reissued a "positive" rating and set a $41.00 price target on shares of Enphase Energy in a research note on Monday, August 17th. JPMorgan Chase & Co. lowered their price objective on shares of Enphase Energy from $35.00 to $29.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, TD Cowen cut their price objective on shares of Enphase Energy from $70.00 to $48.00 and set a "hold" rating for the company in a research note on Monday, July 20th. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Enphase Energy currently has a consensus rating of "Hold" and a consensus target price of $35.11.

Enphase Energy Stock Down 0.8%

Shares of NASDAQ ENPH traded down $0.21 during midday trading on Friday, hitting $25.65. 7,335,478 shares of the stock traded hands, compared to its average volume of 6,492,660. The business has a 50 day moving average price of $33.88 and a two-hundred day moving average price of $41.01. Enphase Energy has a one year low of $23.83 and a one year high of $73.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.95 and a current ratio of 4.09. The company has a market cap of $3.39 billion, a PE ratio of 38.28 and a beta of 1.64.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The semiconductor company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). The business had revenue of $293.33 million during the quarter, compared to the consensus estimate of $304.59 million. Enphase Energy had a net margin of 7.49% and a return on equity of 9.16%. Enphase Energy's revenue was down 28.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 EPS. On average, equities analysts predict that Enphase Energy will post 0.66 EPS for the current year.

Insider Buying and Selling at Enphase Energy

In other news, Director Richard Mora sold 1,500 shares of Enphase Energy stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $40.36, for a total value of $60,540.00. Following the completion of the transaction, the director owned 10,422 shares of the company's stock, valued at $420,631.92. The trade was a 12.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.90% of the company's stock.

Institutional Investors Weigh In On Enphase Energy

A number of hedge funds have recently added to or reduced their stakes in ENPH. Archer Investment Corp acquired a new stake in Enphase Energy in the 2nd quarter valued at about $30,000. Ascentis Independent Advisors purchased a new stake in shares of Enphase Energy in the first quarter valued at approximately $33,000. Burnham & Co LLC acquired a new stake in shares of Enphase Energy in the second quarter valued at approximately $34,000. Continuum Advisory LLC purchased a new position in Enphase Energy during the second quarter worth approximately $42,000. Finally, Allworth Financial LP acquired a new position in Enphase Energy during the second quarter worth $46,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

More Enphase Energy News

Here are the key news stories impacting Enphase Energy this week:

• Positive Sentiment: Enphase entered into an agreement to sell up to $100 million of U.S. advanced manufacturing tax credits. The transaction should provide cash and monetize tax benefits, potentially supporting liquidity during the solar downturn. Enphase Energy enters into tax credit transfer agreement
• Neutral Sentiment: Management is pursuing longer-term opportunities in AI data-center power technology and EV charging while working through excess channel inventory. These initiatives could diversify Enphase beyond residential solar, but investors remain uncertain about their timing and ability to offset near-term weakness. Enphase Energy solar slump and AI data-center ambitions
• Negative Sentiment: Third-quarter adjusted earnings were $0.41 per share, below the $0.51 consensus estimate, while revenue of approximately $293.3 million missed expectations of $304.6 million and fell 28.5% year over year. Fourth-quarter guidance was also described as disappointing, reinforcing concerns about weak solar demand. Why Enphase shares are sliding
• Negative Sentiment: Oppenheimer, BMO Capital Markets, Sanford C. Bernstein and Roth Capital each issued more cautious views or reduced their price targets. The broadening analyst pessimism adds pressure to ENPH after the earnings miss and signals limited confidence in a near-term recovery. Enphase sinks on Q3 miss and analyst downgrades

About Enphase Energy

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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