Enphase Energy (NASDAQ:ENPH) Cut to "Hold" at Wall Street Zen

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 equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Monday.

A number of other analysts also recently commented on ENPH. Mizuho decreased their price target on Enphase Energy from $53.00 to $50.00 and set an "outperform" rating for the company in a research report on Monday, July 14th. Susquehanna dropped their price target on Enphase Energy from $51.00 to $40.00 and set a "neutral" rating for the company in a research note on Monday, July 21st. KeyCorp reaffirmed an "underweight" rating and issued a $31.00 target price on shares of Enphase Energy in a research note on Tuesday, June 17th. Bank of America cut their target price on shares of Enphase Energy from $31.00 to $30.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada set a $28.00 target price on Enphase Energy and gave the stock a "sector perform" rating in a research note on Wednesday, June 18th. Ten analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and twelve have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $55.54.

Enphase Energy Trading Up 5.4%

NASDAQ:ENPH traded up $2.08 during trading hours on Monday, hitting $40.50. 9,067,976 shares of the company were exchanged, compared to its average volume of 7,946,701. The company has a fifty day simple moving average of $36.35 and a 200 day simple moving average of $44.14. Enphase Energy has a one year low of $29.89 and a one year high of $118.13. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 31.64 and a beta of 1.52. 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 posted its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07. The company had revenue of $363.15 million during the quarter, compared to analysts' expectations of $359.14 million. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. Enphase Energy's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company posted $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 fiscal year.

Insider Buying and Selling

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was bought at an average price of $30.82 per share, with a total value of $154,100.00. Following the purchase, the chief executive officer owned 1,620,632 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.10% of the company's stock.

Institutional Trading of Enphase Energy

Several hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. lifted its holdings in Enphase Energy by 32.0% during the 1st quarter. Baillie Gifford & Co. now owns 11,052,357 shares of the semiconductor company's stock worth $685,799,000 after buying an additional 2,680,567 shares during the last quarter. Invesco Ltd. grew its position in Enphase Energy by 28.1% during the 2nd quarter. Invesco Ltd. now owns 6,743,674 shares of the semiconductor company's stock worth $267,387,000 after purchasing an additional 1,479,153 shares during the last quarter. Federated Hermes Inc. raised its stake in Enphase Energy by 264.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,477,751 shares of the semiconductor company's stock valued at $58,593,000 after acquiring an additional 1,072,602 shares during the last quarter. Norges Bank acquired a new stake in shares of Enphase Energy in the 2nd quarter worth $40,946,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Enphase Energy by 827.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,152,546 shares of the semiconductor company's stock worth $45,698,000 after buying an additional 1,028,259 shares in the last quarter. Institutional investors and hedge funds 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.