Bayforest Capital Ltd Has $806,000 Position in 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 raised its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 139.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,985 shares of the semiconductor company's stock after buying 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 reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENPH. Woodline Partners LP bought a new position in shares of Enphase Energy in the 4th quarter valued at about $557,000. Teacher Retirement System of Texas bought a new position in shares of Enphase Energy in the 1st quarter valued at about $1,609,000. Maxi Investments CY Ltd grew its position in shares of Enphase Energy by 650.0% in the 1st quarter. Maxi Investments CY Ltd now owns 52,500 shares of the semiconductor company's stock valued at $3,258,000 after acquiring an additional 45,500 shares during the period. QRG Capital Management Inc. bought a new position in shares of Enphase Energy in the 1st quarter valued at about $512,000. Finally, Bouvel Investment Partners LLC bought a new position in shares of Enphase Energy in the 1st quarter valued at about $847,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ENPH. Bank of America decreased their price objective on shares of Enphase Energy from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Wednesday, July 23rd. The Goldman Sachs Group reissued a "sell" rating and issued a $32.00 price objective (down previously from $77.00) on shares of Enphase Energy in a research report on Wednesday, July 9th. Jefferies Financial Group raised shares of Enphase Energy from an "underperform" rating to a "hold" rating and lifted their target price for the stock from $28.00 to $36.00 in a report on Thursday, August 21st. Johnson Rice downgraded shares of Enphase Energy from a "buy" rating to an "accumulate" rating and set a $45.00 target price for the company. in a report on Wednesday, July 30th. Finally, Mizuho reduced their target price 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. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and twelve have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $55.48.

Enphase Energy Stock Performance

NASDAQ ENPH traded up $0.31 during trading on Friday, reaching $37.63. The company's stock had a trading volume of 6,463,199 shares, compared to its average volume of 7,326,837. 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 firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 29.40 and a beta of 1.52. Enphase Energy, Inc. has a 12 month low of $29.89 and a 12 month high of $126.19. The firm has a 50 day moving average price of $36.75 and a 200 day moving average price of $45.05.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 11.78% and a return on equity of 24.55%. The business's revenue for the quarter 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, equities analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Transactions at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was purchased at an average price of $30.82 per share, with a total value of $154,100.00. Following the acquisition, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is owned by corporate insiders.

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.