Badrinarayanan Kothandaraman Buys 10,000 Shares of Enphase Energy (NASDAQ:ENPH) Stock

Key Points

• Badrinarayanan Kothandaraman, CEO of Enphase Energy, purchased 10,000 shares at an average price of $30.93, increasing his total holdings to over 1.63 million shares, valued at approximately $50.4 million.
• Enphase Energy's recent quarterly earnings report showed earnings per share of $0.90, exceeding expectations by $0.30, and revenue of $410.43 million, up 7.8% year-over-year.
• Brokerages have adjusted their ratings on Enphase Energy, with some downgrading the stock and setting new price targets, reflecting a cautious outlook among analysts.

Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) CEO Badrinarayanan Kothandaraman purchased 10,000 shares of the company's stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average cost of $30.93 per share, with a total value of $309,300.00. Following the completion of the acquisition, the chief executive officer owned 1,630,632 shares in the company, valued at $50,435,447.76. The trade was a 0.62% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Badrinarayanan Kothandaraman also recently made the following trade(s):

• On Wednesday, August 6th, Badrinarayanan Kothandaraman purchased 5,000 shares of Enphase Energy stock. The shares were purchased at an average cost of $30.82 per share, with a total value of $154,100.00.

Enphase Energy Price Performance

NASDAQ ENPH traded down $1.00 during midday trading on Monday, hitting $29.51. The company had a trading volume of 7,876,497 shares, compared to its average volume of 6,975,661. Enphase Energy, Inc. has a twelve month low of $29.43 and a twelve month high of $89.95. The firm has a 50-day moving average price of $36.84 and a 200-day moving average price of $39.52. The company has a current ratio of 2.04, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3.86 billion, a PE ratio of 20.35 and a beta of 1.56.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.30. Enphase Energy had a return on equity of 25.67% and a net margin of 12.93%.The company had revenue of $410.43 million for the quarter, compared to analyst estimates of $364.64 million. During the same quarter last year, the company posted $0.65 EPS. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. Enphase Energy has set its Q4 2025 guidance at EPS. As a group, analysts anticipate that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ENPH. Weiss Ratings reiterated a "sell (d)" rating on shares of Enphase Energy in a report on Wednesday, October 8th. Mizuho downgraded Enphase Energy from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $50.00 to $37.00 in a research note on Thursday, October 23rd. Johnson Rice downgraded Enphase Energy from a "buy" rating to an "accumulate" rating and set a $45.00 price target on the stock. in a research note on Wednesday, July 30th. Glj Research upped their price target on Enphase Energy from $19.80 to $23.49 and gave the stock a "sell" rating in a research note on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Enphase Energy from $40.00 to $37.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 29th. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and thirteen have issued a Sell rating to the company. Based on data from MarketBeat.com, Enphase Energy has an average rating of "Reduce" and an average price target of $44.71.

Institutional Investors Weigh In On Enphase Energy

Several institutional investors have recently made changes to their positions in ENPH. Arizona State Retirement System raised its stake in shares of Enphase Energy by 1.4% during the third quarter. Arizona State Retirement System now owns 38,819 shares of the semiconductor company's stock worth $1,374,000 after acquiring an additional 551 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in Enphase Energy by 69.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,971 shares of the semiconductor company's stock valued at $110,000 after buying an additional 1,221 shares in the last quarter. Federated Hermes Inc. increased its stake in Enphase Energy by 9.6% during the 3rd quarter. Federated Hermes Inc. now owns 1,619,109 shares of the semiconductor company's stock valued at $57,300,000 after purchasing an additional 141,358 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Enphase Energy in the third quarter worth $69,000. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Enphase Energy by 24.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,572 shares of the semiconductor company's stock worth $410,000 after purchasing an additional 2,253 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company's stock.

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.

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