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 note released on Thursday, Marketbeat Ratings reports. They currently have $36.00 price target on the semiconductor company's stock, up from their previous price target of $28.00.

ENPH has been the subject of several other research reports. Barclays boosted their price objective on Enphase Energy from $28.00 to $29.00 and gave the company an "underweight" rating in a report on Thursday, July 24th. Johnson Rice cut Enphase Energy from a "buy" rating to an "accumulate" rating and set a $45.00 price objective for the company. in a report on Wednesday, July 30th. Mizuho decreased their price objective on Enphase Energy from $53.00 to $50.00 and set an "outperform" rating for the company in a report on Monday, July 14th. Piper Sandler cut their price target on Enphase Energy from $47.00 to $42.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Finally, KeyCorp restated an "underweight" rating and issued a $31.00 price target on shares of Enphase Energy in a research note on Tuesday, June 17th. Ten research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and twelve have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $55.48.

Enphase Energy Stock Performance

ENPH traded up $0.15 on Thursday, reaching $38.38. 3,386,849 shares of the stock were exchanged, compared to its average volume of 6,666,804. The company's 50-day moving average price is $37.10 and its 200 day moving average price is $47.52. Enphase Energy has a fifty-two week low of $29.89 and a fifty-two week high of $126.19. 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 firm has a market capitalization of $5.02 billion, a PE ratio of 29.97 and a beta of 1.59.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.07. The company had revenue of $363.15 million during 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 firm's revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. Enphase Energy has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Enphase Energy will post 2.08 EPS for the current fiscal year.

Insider Activity

In related news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was acquired at an average cost of $30.82 per share, for a total transaction of $154,100.00. Following the completion of the transaction, the chief executive officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in 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 in the last quarter. CX Institutional acquired a new position in Enphase Energy during the first quarter worth $29,000. First Horizon Advisors Inc. lifted its stake in 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 in the last quarter. SVB Wealth LLC acquired a new position in Enphase Energy during the first quarter worth $38,000. Finally, Brooklyn Investment Group lifted its stake in 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 in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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.