Enphase Energy (NASDAQ:ENPH) Raised to Buy at Wall Street Zen

Key Points

• Enphase Energy was upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, signaling increased confidence in the company's prospects.
• Analysts have mixed opinions on the stock, with some setting target prices below current levels, including a drop from $51.00 to $40.00 by Susquehanna and a reduction from $77.00 to $32.00 by Goldman Sachs.
• Enphase Energy reported strong quarterly earnings, exceeding EPS estimates at $0.69, and showing a year-over-year revenue growth of 19.7%.

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

Other equities analysts have also recently issued reports about the stock. Susquehanna decreased their target price on shares of 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 price target on shares of Enphase Energy in a research note on Tuesday, June 17th. Deutsche Bank Aktiengesellschaft dropped their price target on Enphase Energy from $49.00 to $42.00 and set a "hold" rating for the company in a research note on Thursday, July 24th. The Goldman Sachs Group reiterated a "sell" rating and issued a $32.00 target price (down previously from $77.00) on shares of Enphase Energy in a research report on Wednesday, July 9th. Finally, Citigroup reduced their price target on Enphase Energy from $47.00 to $43.00 and set a "sell" rating on the stock in a report on Thursday, June 5th. Ten investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and twelve have issued a Sell rating to the company's stock. According to data from MarketBeat, Enphase Energy currently has a consensus rating of "Reduce" and a consensus price target of $55.82.

Enphase Energy Stock Down 1.2%

ENPH opened at $36.08 on Tuesday. Enphase Energy has a twelve month low of $29.89 and a twelve month high of $116.41. The firm's 50-day simple moving average is $36.10 and its 200-day simple moving average is $43.35. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.82 and a current ratio of 1.97. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 28.19 and a beta of 1.52.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.07. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The firm had revenue of $363.15 million for the quarter, compared to analyst estimates of $359.14 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The company's revenue was up 19.7% on a year-over-year basis. Enphase Energy has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Enphase Energy will post 2.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the firm'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 acquisition, the chief executive officer owned 1,620,632 shares in the company, valued at $49,947,878.24. The trade was a 0.31% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.10% of the company's stock.

Institutional Trading of Enphase Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. grew its position in shares of Enphase Energy by 32.0% in 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. boosted its position in shares of Enphase Energy by 28.1% during the second quarter. Invesco Ltd. now owns 6,743,674 shares of the semiconductor company's stock valued at $267,387,000 after buying an additional 1,479,153 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Enphase Energy by 2.1% in the second quarter. Geode Capital Management LLC now owns 3,542,878 shares of the semiconductor company's stock valued at $140,217,000 after acquiring an additional 73,459 shares during the period. Federated Hermes Inc. lifted its holdings in Enphase Energy by 264.7% in the second 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 period. Finally, Assenagon Asset Management S.A. lifted its holdings in Enphase Energy by 827.3% in the second quarter. Assenagon Asset Management S.A. now owns 1,152,546 shares of the semiconductor company's stock valued at $45,698,000 after acquiring an additional 1,028,259 shares during the period. 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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