Enphase Energy (NASDAQ:ENPH) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. has raised Enphase Energy's price target from $37.00 to $39.00, maintaining a "neutral" rating, indicating a potential upside of 1.37% from its current price.
• Analysts have varying opinions on the stock; while ten analysts have a "Buy" rating, others, including Bank of America, have set lower price targets, reflecting mixed sentiments on Enphase Energy's performance.
• Enphase Energy reported $0.69 EPS for the last quarter, exceeding estimates and showing a 19.7% increase in revenue compared to the previous year, revealing positive growth in its operations.

Enphase Energy (NASDAQ:ENPH - Free Report) had its target price boosted by JPMorgan Chase & Co. from $37.00 to $39.00 in a research report report published on Friday morning,Benzinga reports. They currently have a neutral rating on the semiconductor company's stock.

Several other equities analysts also recently commented on the stock. Johnson Rice downgraded shares of Enphase Energy from a "buy" rating to an "accumulate" rating and set a $45.00 price target on the stock. in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their target price on Enphase Energy from $49.00 to $42.00 and set a "hold" rating for the company in a research report on Thursday, July 24th. The Goldman Sachs Group reissued a "sell" rating and set a $32.00 price target (down from $77.00) on shares of Enphase Energy in a research note on Wednesday, July 9th. Jefferies Financial Group raised Enphase Energy from an "underperform" rating to a "hold" rating and raised their price target for the stock from $28.00 to $36.00 in a research note on Thursday, August 21st. Finally, Wells Fargo & Company increased their target price on Enphase Energy from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and twelve have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $55.66.

Enphase Energy Trading Down 3.2%

Shares of NASDAQ ENPH traded down $1.29 during trading hours on Friday, hitting $39.21. 3,472,821 shares of the company traded hands, compared to its average volume of 6,866,932. The company has a current ratio of 1.97, a quick ratio of 1.82 and a debt-to-equity ratio of 0.65. The company's 50 day moving average price is $36.35 and its 200 day moving average price is $44.14. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 30.67 and a beta of 1.52. Enphase Energy has a 12 month low of $29.89 and a 12 month high of $118.13.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS 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 analyst estimates of $359.14 million. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. Enphase Energy's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. Enphase Energy has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Enphase Energy will post 2.08 earnings per share for the current fiscal year.

Insider Activity at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was purchased at an average price of $30.82 per share, for a total transaction of $154,100.00. Following the acquisition, the chief executive officer owned 1,620,632 shares in the company, valued at approximately $49,947,878.24. This trade represents a 0.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Man Group plc grew its stake in shares of Enphase Energy by 97.2% during the fourth quarter. Man Group plc now owns 13,692 shares of the semiconductor company's stock worth $940,000 after acquiring an additional 6,749 shares during the last quarter. Woodline Partners LP acquired a new stake in Enphase Energy in the 4th quarter worth approximately $557,000. Fourth Dimension Wealth LLC acquired a new stake in Enphase Energy in the 4th quarter worth approximately $103,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Enphase Energy in the 4th quarter worth approximately $18,580,000. Finally, Siemens Fonds Invest GmbH purchased a new position in shares of Enphase Energy in the fourth quarter worth $289,000. 72.12% of the stock is owned by institutional investors and hedge funds.

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.