Bayforest Capital Ltd Buys 7,569 Shares of Enphase Energy, Inc. $ENPH

Key Points

• Bayforest Capital Ltd increased its stake in Enphase Energy by 139.8%, acquiring an additional 7,569 shares and now holds a total of 12,985 shares valued at $806,000.
• Analyst ratings for Enphase Energy vary, with ten analysts$55.48.
• CEO Badrinarayanan Kothandaraman purchased 5,000 shares at an average cost of $30.82 per share, raising his total ownership to approximately $49.9 million.

Bayforest Capital Ltd lifted its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 139.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,985 shares of the semiconductor company's stock after purchasing an additional 7,569 shares during the period. Bayforest Capital Ltd's holdings in Enphase Energy were worth $806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its position in shares of Enphase Energy by 0.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company's stock valued at $5,421,000 after purchasing an additional 238 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of Enphase Energy by 2.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,357 shares of the semiconductor company's stock valued at $643,000 after purchasing an additional 255 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Enphase Energy by 83.0% in the 1st quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 258 shares during the period. Leibman Financial Services Inc. lifted its holdings in shares of Enphase Energy by 1.0% during the first quarter. Leibman Financial Services Inc. now owns 29,474 shares of the semiconductor company's stock valued at $1,829,000 after acquiring an additional 305 shares during the period. Finally, McGowan Group Asset Management Inc. boosted its stake in shares of Enphase Energy by 2.0% in the 4th quarter. McGowan Group Asset Management Inc. now owns 16,670 shares of the semiconductor company's stock valued at $1,145,000 after purchasing an additional 319 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on ENPH shares. TD Cowen cut their price target on shares of Enphase Energy from $45.00 to $40.00 and set a "hold" rating for the company in a report on Wednesday, July 23rd. Wall Street Zen lowered shares of Enphase Energy from a "buy" rating to a "hold" rating in a report on Saturday, September 6th. Citigroup reduced their target price on Enphase Energy from $47.00 to $43.00 and set a "sell" rating on the stock in a report on Thursday, June 5th. Deutsche Bank Aktiengesellschaft dropped their price target on Enphase Energy from $49.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, July 24th. Finally, Wells Fargo & Company boosted their price objective on Enphase Energy from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and twelve have issued a Sell rating to the company's stock. According to MarketBeat.com, Enphase Energy has a consensus rating of "Reduce" and a consensus target price of $55.48.

Enphase Energy Trading Up 0.8%

Shares of NASDAQ:ENPH traded up $0.31 during midday trading on Friday, hitting $37.63. The company had a trading volume of 6,463,199 shares, compared to its average volume of 6,658,448. Enphase Energy, Inc. has a 12 month low of $29.89 and a 12 month high of $126.19. 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 stock has a market cap of $4.92 billion, a price-to-earnings ratio of 29.40 and a beta of 1.52. The firm has a fifty day simple moving average of $36.85 and a 200 day simple moving average of $45.37.

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

Insider Activity

In other news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the firm's stock in a transaction that occurred on 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 acquisition, the chief executive officer owned 1,620,632 shares in the company, valued at $49,947,878.24. This represents a 0.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.10% of the company's stock.

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.