Summit Financial LLC Acquires New Shares in Enphase Energy, Inc. $ENPH

Key Points

• Summit Financial LLC has acquired 8,186 shares of Enphase Energy, valued at approximately $508,000, marking a new investment during the first quarter.
• Enphase Energy's CEO, Badrinarayanan Kothandaraman, purchased 5,000 shares at an average price of $30.82 per share, increasing his ownership by 0.31%.
• Despite a recent quarterly earnings report showing growth and beating estimates, analysts have mixed opinions, with some downgrading the stock and others maintaining an "overweight" rating with a target price of $45.00.

Summit Financial LLC acquired a new stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,186 shares of the semiconductor company's stock, valued at approximately $508,000.

A number of other hedge funds also recently bought and sold shares of ENPH. Woodline Partners LP acquired a new stake in Enphase Energy during the fourth quarter worth approximately $557,000. Teacher Retirement System of Texas purchased a new stake in shares of Enphase Energy in the first quarter valued at about $1,609,000. QRG Capital Management Inc. acquired a new stake in shares of Enphase Energy in the 1st quarter valued at approximately $512,000. Maxi Investments CY Ltd boosted its position in shares of Enphase Energy by 650.0% during the 1st quarter. Maxi Investments CY Ltd now owns 52,500 shares of the semiconductor company's stock worth $3,258,000 after purchasing an additional 45,500 shares in the last quarter. Finally, Bouvel Investment Partners LLC acquired a new position in Enphase Energy during the first quarter worth about $847,000. Institutional investors and hedge funds own 72.12% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ENPH. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $37.00 price objective (down previously from $64.00) on shares of Enphase Energy in a research report on Tuesday, July 15th. Wall Street Zen upgraded Enphase Energy from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Royal Bank Of Canada set a $28.00 target price on Enphase Energy and gave the company a "sector perform" rating in a research note on Wednesday, June 18th. Mizuho decreased their price objective on shares of Enphase Energy from $53.00 to $50.00 and set an "outperform" rating for the company in a report on Monday, July 14th. Finally, Susquehanna reduced their target price on shares of Enphase Energy from $51.00 to $40.00 and set a "neutral" rating for the company in a research note on Monday, July 21st. Ten investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and twelve have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $55.48.

Enphase Energy Stock Performance

NASDAQ ENPH traded down $0.12 during trading on Friday, hitting $37.47. The company's stock had a trading volume of 2,962,212 shares, compared to its average volume of 6,638,711. 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 firm has a 50 day moving average price of $37.20 and a 200 day moving average price of $47.21. Enphase Energy, Inc. has a 52 week low of $29.89 and a 52 week high of $126.19. The firm has a market cap of $4.90 billion, a P/E ratio of 29.29 and a beta of 1.59.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 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 analyst estimates of $359.14 million. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The company's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. Enphase Energy has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of Enphase Energy stock in a transaction dated Wednesday, August 6th. The shares were bought 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 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 SEC, which is available through the SEC website. Corporate insiders own 3.10% of the company's stock.

Enphase Energy 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.