Roth Capital Has Positive View of Enphase Energy Q3 Earnings

Key Points

• Roth Capital has raised its Q3 2025 earnings estimate for Enphase Energy to $0.33 per share, up from $0.31, with a full-year consensus estimate of $2.08 per share.
• Wells Fargo increased its price target for Enphase Energy from $42.00 to $45.00 and rated the stock as "overweight," while Citigroup lowered its price target from $47.00 to $43.00, rating it as "sell."
• Institutional investors own 72.12% of Enphase Energy's stock, indicating significant confidence from large stakeholders despite mixed analyst ratings.

Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) - Investment analysts at Roth Capital raised their Q3 2025 earnings per share (EPS) estimates for shares of Enphase Energy in a research report issued on Wednesday, July 23rd. Roth Capital analyst P. Shen now anticipates that the semiconductor company will earn $0.33 per share for the quarter, up from their previous forecast of $0.31. The consensus estimate for Enphase Energy's current full-year earnings is $2.08 per share. Roth Capital also issued estimates for Enphase Energy's Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.35 EPS, Q1 2026 earnings at $0.13 EPS, Q2 2026 earnings at $0.16 EPS, Q3 2026 earnings at $0.18 EPS, Q4 2026 earnings at $0.22 EPS, FY2026 earnings at $0.70 EPS, Q1 2027 earnings at $0.21 EPS, Q2 2027 earnings at $0.24 EPS and FY2027 earnings at $1.02 EPS.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. Enphase Energy had a return on equity of 24.55% and a net margin of 11.78%. The business had revenue of $363.15 million for the quarter, compared to analyst estimates of $359.14 million. During the same quarter in the prior year, the company posted $0.43 EPS. The company's quarterly revenue was up 19.7% on a year-over-year basis.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets restated an "underperform" rating and set a $39.00 price target (down previously from $46.00) on shares of Enphase Energy in a report on Tuesday, May 13th. DZ Bank cut Enphase Energy from a "hold" rating to a "strong sell" rating in a research report on Wednesday, April 23rd. Piper Sandler decreased their price objective on Enphase Energy from $47.00 to $42.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Bank of America decreased their price objective on Enphase Energy from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Wednesday, July 23rd. Finally, Citigroup cut their target price on Enphase Energy from $47.00 to $43.00 and set a "sell" rating for the company in a research note on Thursday, June 5th. Thirteen analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Enphase Energy presently has a consensus rating of "Hold" and an average target price of $55.86.

Enphase Energy Trading Down 1.3%

Shares of ENPH stock traded down $0.46 on Monday, hitting $34.95. The stock had a trading volume of 6,556,975 shares, compared to its average volume of 9,103,606. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.82. The firm has a market capitalization of $4.57 billion, a P/E ratio of 27.30 and a beta of 1.67. Enphase Energy has a 1 year low of $33.01 and a 1 year high of $130.08. The company's 50 day moving average price is $40.95 and its 200-day moving average price is $51.95.

Institutional Investors Weigh In On Enphase Energy

A number of hedge funds have recently bought and sold shares of ENPH. Baillie Gifford & Co. boosted its position in shares of Enphase Energy by 32.0% during the first quarter. Baillie Gifford & Co. now owns 11,052,357 shares of the semiconductor company's stock worth $685,799,000 after purchasing an additional 2,680,567 shares in the last quarter. Invesco Ltd. lifted its position in Enphase Energy by 43.4% in the 4th quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company's stock valued at $313,034,000 after acquiring an additional 1,378,978 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Enphase Energy by 827.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,152,546 shares of the semiconductor company's stock valued at $45,698,000 after purchasing an additional 1,028,259 shares during the period. AQR Capital Management LLC grew its holdings in shares of Enphase Energy by 9,236.6% during the first quarter. AQR Capital Management LLC now owns 691,564 shares of the semiconductor company's stock worth $41,483,000 after buying an additional 684,157 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its holdings in shares of Enphase Energy by 531.4% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 805,791 shares of the semiconductor company's stock worth $55,342,000 after buying an additional 678,163 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors.

About Enphase Energy

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.