Jefferies Financial Group Upgrades Enphase Energy (NASDAQ:ENPH) to "Hold"

Key Points

• Enphase Energy was upgraded by Jefferies Financial Group from an "underperform" to a "hold" rating, with a price target of $36.00, indicating a potential upside of 0.90% from its current price.
• Despite the upgrade from Jefferies, Enphase Energy has mixed ratings from analysts, with ten buy ratings, fourteen hold ratings, and twelve sell ratings, resulting in an average price target of $55.48.
• Recently, CEO Badrinarayanan Kothandaraman purchased 5,000 shares at $30.82 each, reflecting his confidence in the company's future, following a quarterly earnings report that exceeded expectations with a $0.69 EPS.

Jefferies Financial Group upgraded shares of Enphase Energy (NASDAQ:ENPH - Free Report) from an underperform rating to a hold rating in a research report released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has $36.00 target price on the semiconductor company's stock, up from their prior target price of $28.00.

Several other equities research analysts also recently issued reports on ENPH. Mizuho reduced their price objective on Enphase Energy from $53.00 to $50.00 and set an "outperform" rating for the company in a research note on Monday, July 14th. Morgan Stanley downgraded Enphase Energy from an "equal weight" rating to an "underweight" rating and set a $36.00 price objective for the company. in a research note on Wednesday, April 23rd. Barclays increased their price objective on Enphase Energy from $28.00 to $29.00 and gave the stock an "underweight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group reaffirmed 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. Finally, Oppenheimer cut their price target on Enphase Energy from $86.00 to $77.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and twelve have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $55.48.

Enphase Energy Stock Up 10.4%

Enphase Energy stock traded up $3.60 during mid-day trading on Thursday, hitting $38.18. The company's stock had a trading volume of 10,280,575 shares, compared to its average volume of 8,507,161. The firm's 50 day moving average is $37.25 and its 200 day moving average is $47.82. The company has a market cap of $4.99 billion, a PE ratio of 29.83 and a beta of 1.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.82. Enphase Energy has a 52-week low of $29.89 and a 52-week high of $130.08.

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

Insider Activity at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were acquired 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 approximately $49,947,878.24. The trade was a 0.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ENPH. GeoWealth Management LLC increased its holdings in shares of Enphase Energy by 56.3% during the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after acquiring an additional 321 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Enphase Energy by 15.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 586,383 shares of the semiconductor company's stock valued at $40,279,000 after acquiring an additional 77,149 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Enphase Energy by 0.9% during the 4th quarter. MetLife Investment Management LLC now owns 41,504 shares of the semiconductor company's stock valued at $2,850,000 after acquiring an additional 361 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Enphase Energy by 46.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,066 shares of the semiconductor company's stock valued at $1,035,000 after acquiring an additional 4,771 shares during the last quarter. Finally, Dark Forest Capital Management LP increased its holdings in shares of Enphase Energy by 101.2% during the 4th quarter. Dark Forest Capital Management LP now owns 7,954 shares of the semiconductor company's stock valued at $546,000 after acquiring an additional 4,000 shares during 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.