Enphase Energy (NASDAQ:ENPH) Shares Up 8.1% - Here's What Happened

Key Points

• Enphase Energy's stock surged by 8.1%, trading as high as $39.41, following favorable analyst ratings despite a drop in shares exchanged compared to average volume.
• Analysts have mixed opinions on Enphase Energy, with Zacks upgrading it to a "strong-buy," while others like Goldman Sachs and Weiss Ratings maintained "sell" ratings, reflecting a broad range of target prices.
• The company reported better than expected quarterly earnings, with an EPS of $0.69, and a year-over-year revenue increase of 19.7%, illustrating its growth potential amid investor caution.

Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report)'s stock price traded up 8.1% during trading on Wednesday . The stock traded as high as $38.99 and last traded at $39.41. 1,289,803 shares changed hands during trading, a decline of 81% from the average session volume of 6,836,033 shares. The stock had previously closed at $36.44.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Zacks Research upgraded shares of Enphase Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 1st. Barclays raised their target price on shares of Enphase Energy from $29.00 to $33.00 and gave the stock an "underweight" rating in a research report on Wednesday, October 8th. Oppenheimer reduced their target price on shares of Enphase Energy from $77.00 to $73.00 and set an "outperform" rating on the stock in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Enphase Energy in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $32.00 target price (down from $77.00) on shares of Enphase Energy in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have assigned a Hold rating and thirteen have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Enphase Energy currently has a consensus rating of "Reduce" and an average price target of $52.98.

Enphase Energy Trading Up 4.0%

The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The stock's 50 day moving average price is $36.49 and its 200-day moving average price is $41.52. The stock has a market capitalization of $4.95 billion, a P/E ratio of 29.62 and a beta of 1.56.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. The firm had revenue of $363.15 million for the quarter, compared to the consensus estimate of $359.14 million. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The company's quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. Enphase Energy has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the stock in a transaction on Wednesday, August 6th. The stock was bought at an average cost of $30.82 per share, for a total transaction of $154,100.00. Following the completion of the purchase, the chief executive officer directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Enphase Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. CX Institutional acquired a new stake in shares of Enphase Energy during the first quarter worth $29,000. First Horizon Advisors Inc. raised its holdings in shares of Enphase Energy by 83.0% during the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 258 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Enphase Energy during the first quarter worth $38,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings 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 purchasing an additional 514 shares during the last quarter. Finally, Brooklyn Investment Group raised its holdings in shares of Enphase Energy by 124.7% during the first quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 368 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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.

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.