Enphase Energy (NASDAQ:ENPH) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Enphase Energy has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting recent declines in the stock's target prices set by several analysts.
• Multiple analysts, including Susquehanna and JPMorgan Chase & Co., have significantly reduced their target prices, while the stock has seen a wide range of ratings from buy to sell among analysts.
• Despite the downgrade, Enphase Energy reported a positive earnings surprise for the latest quarter, with earnings per share at $0.69, surpassing expectations.

Enphase Energy (NASDAQ:ENPH - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Other analysts also recently issued reports about the company. The Goldman Sachs Group restated a "sell" rating and issued a $32.00 price target (down from $77.00) on shares of Enphase Energy in a research note on Wednesday, July 9th. Bank of America decreased their target price on Enphase Energy from $31.00 to $30.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 23rd. BMO Capital Markets reiterated an "underperform" rating and set a $39.00 target price (down from $46.00) on shares of Enphase Energy in a research report on Tuesday, May 13th. Mizuho decreased their target price on Enphase Energy from $53.00 to $50.00 and set an "outperform" rating on the stock in a research report on Monday, July 14th. Finally, Oppenheimer decreased their target price on Enphase Energy from $86.00 to $77.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and twelve have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $55.48.

Enphase Energy Price Performance

Shares of Enphase Energy stock traded down $1.06 during trading on Friday, reaching $36.88. The company's stock had a trading volume of 3,625,148 shares, compared to its average volume of 6,647,575. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. Enphase Energy has a 12-month low of $29.89 and a 12-month high of $126.19. The company has a market capitalization of $4.82 billion, a P/E ratio of 28.90 and a beta of 1.52. The business has a 50 day moving average price of $37.03 and a 200-day moving average price of $45.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. Enphase Energy had a return on equity of 24.55% and a net margin of 11.78%.The firm had revenue of $363.15 million for the quarter, compared to the consensus estimate of $359.14 million. During the same period in the previous year, the business earned $0.43 earnings per share. The company's revenue for the quarter was up 19.7% compared to the same quarter last year. Enphase Energy has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Enphase Energy will post 2.08 EPS for the current year.

Insider Activity

In related news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of Enphase Energy stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average cost of $30.82 per share, for a total transaction of $154,100.00. Following the completion of the transaction, the chief executive officer directly owned 1,620,632 shares of the company's stock, valued at $49,947,878.24. The trade was a 0.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Enphase Energy

Several institutional investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale increased its stake in Enphase Energy by 0.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company's stock valued at $5,421,000 after purchasing an additional 238 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Enphase Energy by 2.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,357 shares of the semiconductor company's stock valued at $643,000 after purchasing an additional 255 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Enphase Energy by 83.0% in the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 258 shares during the last quarter. Leibman Financial Services Inc. increased its stake in Enphase Energy by 1.0% in the first quarter. Leibman Financial Services Inc. now owns 29,474 shares of the semiconductor company's stock valued at $1,829,000 after purchasing an additional 305 shares during the last quarter. Finally, McGowan Group Asset Management Inc. increased its stake in Enphase Energy by 2.0% in the fourth quarter. McGowan Group Asset Management Inc. now owns 16,670 shares of the semiconductor company's stock valued at $1,145,000 after purchasing an additional 319 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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.