Enphase Energy (NASDAQ:ENPH) Rating Increased to Hold at Evercore ISI

Key Points

• Enphase Energy has been upgraded to a "hold" rating by Evercore ISI, signaling a shift in investor sentiment towards the stock.
• The company's shares opened at $36.27 on Monday, reflecting a market capitalization of $4.74 billion.
• Enphase reported quarterly earnings of $0.69 per share, exceeding estimates and showing a 19.7% increase in revenue year-over-year.

Enphase Energy (NASDAQ:ENPH - Get Free Report) was upgraded by investment analysts at Evercore ISI to a "hold" rating in a report released on Monday,Zacks.com reports.

A number of other brokerages also recently weighed in on ENPH. KeyCorp reiterated an "underweight" rating and issued a $31.00 target price on shares of Enphase Energy in a report on Tuesday, June 17th. Royal Bank Of Canada set a $28.00 price target on Enphase Energy and gave the company a "sector perform" rating in a research report on Wednesday, June 18th. Bank of America decreased their price objective on Enphase Energy from $31.00 to $30.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 23rd. Mizuho reduced their price objective 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, Barclays set a $33.00 target price on Enphase Energy and gave the company an "underweight" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have given a Hold rating and thirteen have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $53.21.

Enphase Energy Trading Down 2.4%

Shares of Enphase Energy stock opened at $36.27 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.82. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 28.34 and a beta of 1.56. The business has a fifty day simple moving average of $36.14 and a two-hundred day simple moving average of $42.42. Enphase Energy has a 1 year low of $29.89 and a 1 year high of $105.92.

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 firm had revenue of $363.15 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 EPS. Enphase Energy has set its Q3 2025 guidance at EPS. Research analysts forecast that Enphase Energy will post 2.08 EPS for the current year.

Insider Activity

In related news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were bought at an average cost of $30.82 per share, with a total value of $154,100.00. Following the transaction, the chief executive officer owned 1,620,632 shares of the company's stock, valued at approximately $49,947,878.24. This trade represents a 0.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On Enphase Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of 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 period. CX Institutional purchased a new stake in Enphase Energy in the 1st quarter worth approximately $29,000. First Horizon Advisors Inc. boosted its holdings in shares of 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 acquired a new position in shares of Enphase Energy in the 1st quarter valued at $38,000. Finally, Brooklyn Investment Group lifted its holdings in shares of Enphase Energy by 124.7% during the 1st quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 368 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company's stock.

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.

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