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

Key Points

• Enphase Energy has been downgraded from a "buy" rating to a "hold" rating by analysts at Wall Street Zen, amidst a series of differing recommendations from various brokerages.
• Several institutions are reducing their price targets for Enphase Energy, with Citigroup setting a target of $43.00 and Deutsche Bank at $42.00.
• Despite the downgrade, Enphase Energy reported better-than-expected quarterly earnings, achieving $0.69 earnings per share, surpassing analyst estimates of $0.62.

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

A number of other brokerages have also commented on ENPH. Citigroup decreased their price objective on shares of Enphase Energy from $47.00 to $43.00 and set a "sell" rating on the stock in a report on Thursday, June 5th. Barclays boosted their price objective on shares of Enphase Energy from $28.00 to $29.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on Enphase Energy from $49.00 to $42.00 and set a "hold" rating on the stock in a research report on Thursday, July 24th. Johnson Rice downgraded Enphase Energy from a "buy" rating to an "accumulate" rating and set a $45.00 target price for the company. in a research report on Wednesday, July 30th. Finally, Bank of America cut their price objective on shares of Enphase Energy from $31.00 to $30.00 and set an "underperform" rating on the stock in a report on Wednesday, July 23rd. Ten investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and twelve have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $55.54.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH opened at $38.42 on Monday. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 30.02 and a beta of 1.52. Enphase Energy has a one year low of $29.89 and a one year high of $118.13. The business has a fifty day simple moving average of $36.38 and a 200 day simple moving average of $44.29. The company has a current ratio of 1.97, a quick ratio of 1.82 and a debt-to-equity ratio of 0.65.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $363.15 million for the quarter, compared to the consensus estimate of $359.14 million. Enphase Energy had a return on equity of 24.55% and a net margin of 11.78%.The company's quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. Enphase Energy has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Enphase Energy will post 2.08 EPS for the current year.

Insider Buying and Selling

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average price of $30.82 per share, with a total value of $154,100.00. Following the completion of the transaction, the chief executive officer directly owned 1,620,632 shares in the company, valued at $49,947,878.24. This trade represents a 0.31% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On Enphase Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CX Institutional acquired a new position in shares of Enphase Energy during the 1st quarter worth about $29,000. First Horizon Advisors Inc. lifted its stake in Enphase Energy by 83.0% in the 1st 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. SVB Wealth LLC bought a new position in Enphase Energy during the first quarter worth about $38,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Enphase Energy by 431.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company's stock worth $25,000 after buying an additional 514 shares during the last quarter. Finally, Brooklyn Investment Group raised its stake in Enphase Energy by 124.7% in the first quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company's stock valued at $41,000 after buying an additional 368 shares during the period. 72.12% of the stock is owned by institutional investors.

Enphase Energy Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.