Baker Avenue Asset Management LP Has $3.46 Million Stake in Enphase Energy, Inc. $ENPH

Key Points

• Baker Avenue Asset Management cut its Enphase Energy position by 19.2% in the fourth quarter, leaving it with 107,977 shares worth about $3.46 million.
• Insider activity was mixed: Director Thurman J. Rodgers sold 137,250 shares, while CEO Badrinarayanan Kothandaraman bought 5,000 shares at $67.50, which may signal confidence in the company’s outlook.
• Enphase recently beat earnings expectations with $0.47 EPS versus the $0.43 estimate, but revenue still fell 20.6% year over year and analysts remain divided, with the stock carrying a consensus Hold rating.

Baker Avenue Asset Management LP trimmed its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,977 shares of the semiconductor company's stock after selling 25,714 shares during the period. Baker Avenue Asset Management LP owned 0.08% of Enphase Energy worth $3,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ENPH. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings 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 buying an additional 514 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its holdings in Enphase Energy by 77.8% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company's stock worth $26,000 after buying an additional 350 shares during the last quarter. Stance Capital LLC acquired a new position in Enphase Energy during the third quarter worth $32,000. Activest Wealth Management boosted its position in Enphase Energy by 52,000.0% during the fourth quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 1,040 shares during the period. Finally, Danske Bank A S bought a new position in Enphase Energy during the third quarter worth $39,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Thurman J. Rodgers sold 137,250 shares of the company's stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $43.61, for a total transaction of $5,985,472.50. Following the completion of the sale, the director owned 1,597,641 shares of the company's stock, valued at $69,673,124.01. This represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average cost of $67.50 per share, with a total value of $337,500.00. Following the transaction, the chief executive officer directly owned 1,645,632 shares of the company's stock, valued at $111,080,160. This trade represents a 0.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.90% of the stock is currently owned by company insiders.

Enphase Energy News Summary

Here are the key news stories impacting Enphase Energy this week:

• Positive Sentiment: Enphase CEO Badrinarayanan Kothandaraman bought 5,000 shares at $67.50, a move investors often view as a strong vote of confidence in the company’s outlook. Insider Buying Article
• Positive Sentiment: Traders are increasingly focused on Enphase’s momentum breakout and possible short squeeze, which can amplify gains when bearish bets are forced to cover. Momentum Breakout Article
• Positive Sentiment: Recent commentary highlighted Enphase’s push into next-generation power electronics and GaN-based technology, supporting optimism around future efficiency and product growth. GaN Technology Article
• Positive Sentiment: Wall Street attention remains constructive overall after Enphase beat recent earnings estimates, helping extend a sharp post-earnings rally. Zacks Earnings Rally Article
• Neutral Sentiment: Analysts remain divided, with some bullish calls and others cautious, while the average price target still sits well below the stock’s recent trading range. Valuation and Analyst Target Article
• Negative Sentiment: Some valuation-focused coverage says the stock looks overvalued after its rapid run-up, which could limit upside if enthusiasm cools. Overvalued Article

Enphase Energy Trading Down 1.1%

Shares of Enphase Energy stock opened at $69.50 on Friday. The firm has a 50-day moving average of $41.07 and a 200-day moving average of $38.36. The stock has a market cap of $9.16 billion, a PE ratio of 68.81 and a beta of 1.26. Enphase Energy, Inc. has a 52-week low of $25.77 and a 52-week high of $72.70. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.20 and a current ratio of 3.80.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. Enphase Energy had a net margin of 9.64% and a return on equity of 16.88%. The business had revenue of $282.90 million during the quarter, compared to analysts' expectations of $282.28 million. During the same quarter in the prior year, the business posted $0.68 earnings per share. Enphase Energy's revenue was down 20.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Enphase Energy, Inc. will post 0.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group set a $85.00 price objective on shares of Enphase Energy in a research report on Friday, May 22nd. Morgan Stanley set a $27.00 price objective on shares of Enphase Energy in a research report on Friday, May 8th. Citigroup reduced their price objective on shares of Enphase Energy from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 30th. The Goldman Sachs Group lifted their price objective on shares of Enphase Energy from $51.00 to $57.00 and gave the stock a "buy" rating in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada raised shares of Enphase Energy from a "sector perform" rating to an "outperform" rating and set a $54.00 price objective for the company in a research report on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $42.78.

Enphase Energy Company Profile

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company's product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.

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