Enphase Energy (NASDAQ:ENPH) Trading 8.5% Higher - Still a Buy?

Key Points

• Enphase Energy's share price rose by 8.5% to $39.10, despite a decrease in trading volume by 45% from the average session.
• Analysts have given mixed ratings on the stock, with one Strong Buy, nine Buy, fourteen Hold, and thirteen Sell ratings, alongside an average price target of $53.08.
• The company reported earnings of $0.69 per share in its last quarter, surpassing estimates, with revenue up 19.7% year-over-year at approximately $363.15 million.

Shares of Enphase Energy, Inc. (NASDAQ:ENPH - Get Free Report) traded up 8.5% during trading on Thursday . The stock traded as high as $38.50 and last traded at $39.10. 3,785,174 shares traded hands during trading, a decline of 45% from the average session volume of 6,821,017 shares. The stock had previously closed at $36.03.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ENPH. Wall Street Zen raised shares of Enphase Energy from a "hold" rating to a "buy" rating in a research note on Tuesday, September 30th. Evercore ISI began coverage on shares of Enphase Energy in a research note on Monday. They set an "in-line" rating and a $40.00 target price for the company. Mizuho cut their target price on shares of Enphase Energy from $53.00 to $50.00 and set an "outperform" rating for the company in a research note on Monday, July 14th. Zacks Research raised shares of Enphase Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 1st. Finally, TD Cowen cut their target price on shares of Enphase Energy from $45.00 to $40.00 and set a "hold" rating for the company in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and thirteen have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $53.08.

Enphase Energy Stock Up 1.9%

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 has a market capitalization of $4.80 billion, a price-to-earnings ratio of 28.68 and a beta of 1.56. The firm's fifty day simple moving average is $36.28 and its two-hundred day simple moving average is $42.20.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.07. The company had revenue of $363.15 million for 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 revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 EPS. Enphase Energy has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Insider Activity

In related news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of Enphase Energy stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average cost 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 of the company's stock, 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 document filed with the SEC, which is available at the SEC website. Company insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On Enphase Energy

A number of institutional investors and hedge funds have recently made changes to their positions in ENPH. Merit Financial Group LLC purchased a new stake in shares of Enphase Energy in the 1st quarter valued at approximately $209,000. GAMMA Investing LLC increased its stake in Enphase Energy by 67.1% during the 1st quarter. GAMMA Investing LLC now owns 8,256 shares of the semiconductor company's stock worth $512,000 after buying an additional 3,316 shares during the period. CX Institutional purchased a new stake in Enphase Energy during the 1st quarter worth approximately $29,000. Fifth Third Bancorp increased its stake in Enphase Energy by 42.4% during the 1st quarter. Fifth Third Bancorp now owns 3,688 shares of the semiconductor company's stock worth $229,000 after buying an additional 1,098 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Enphase Energy by 47.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,556 shares of the semiconductor company's stock worth $593,000 after buying an additional 3,089 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.

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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