Credit Agricole S A Has $2.89 Million Stake in Enphase Energy, Inc. $ENPH

Key Points

• Credit Agricole S A has reduced its stake in Enphase Energy by 20.2%, selling 11,824 shares and now owning approximately $2.89 million in the company.
• Despite the stake reduction by some investors, Baillie Gifford & Co. increased its holdings by 32%, now holding over $685 million in Enphase Energy shares.
• Enphase Energy reported a 19.7% year-over-year revenue increase in its last quarterly earnings, with an EPS of $0.69 exceeding analyst expectations.

Credit Agricole S A cut its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 20.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 46,592 shares of the semiconductor company's stock after selling 11,824 shares during the quarter. Credit Agricole S A's holdings in Enphase Energy were worth $2,891,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ENPH. Baillie Gifford & Co. raised its position in shares of Enphase Energy by 32.0% during the first quarter. Baillie Gifford & Co. now owns 11,052,357 shares of the semiconductor company's stock worth $685,799,000 after purchasing an additional 2,680,567 shares during the period. Invesco Ltd. raised its position in shares of Enphase Energy by 15.5% during the first quarter. Invesco Ltd. now owns 5,264,521 shares of the semiconductor company's stock worth $326,664,000 after purchasing an additional 706,656 shares during the period. Northern Trust Corp raised its position in shares of Enphase Energy by 40.9% during the fourth quarter. Northern Trust Corp now owns 1,668,807 shares of the semiconductor company's stock worth $114,614,000 after purchasing an additional 484,497 shares during the period. Alyeska Investment Group L.P. raised its position in shares of Enphase Energy by 62.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,349,032 shares of the semiconductor company's stock worth $92,652,000 after purchasing an additional 517,989 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Enphase Energy by 8.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,011,771 shares of the semiconductor company's stock worth $62,780,000 after purchasing an additional 74,755 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Stock Down 1.1%

NASDAQ ENPH traded down $0.40 on Wednesday, reaching $37.56. The stock had a trading volume of 4,547,561 shares, compared to its average volume of 6,678,433. The business has a 50 day moving average price of $37.16 and a 200 day moving average price of $47.45. The company has a current ratio of 1.97, a quick ratio of 1.82 and a debt-to-equity ratio of 0.65. Enphase Energy, Inc. has a 1 year low of $29.89 and a 1 year high of $126.19. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 29.34 and a beta of 1.59.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its 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. Enphase Energy had a return on equity of 24.55% and a net margin of 11.78%.The firm had revenue of $363.15 million for the quarter, compared to the consensus estimate of $359.14 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business's quarterly revenue was up 19.7% compared to the same quarter last year. Enphase Energy has set its Q3 2025 guidance at EPS. On average, analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ENPH has been the topic of a number of recent analyst reports. Johnson Rice lowered Enphase Energy from a "buy" rating to an "accumulate" rating and set a $45.00 target price on the stock. in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $37.00 target price (down from $64.00) on shares of Enphase Energy in a research report on Tuesday, July 15th. Barclays lifted their price target on Enphase Energy from $28.00 to $29.00 and gave the company an "underweight" rating in a report on Thursday, July 24th. Wells Fargo & Company upped their price target on Enphase Energy from $42.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Jefferies Financial Group raised Enphase Energy from an "underperform" rating to a "hold" rating and upped their price target for the company from $28.00 to $36.00 in a research report on Thursday, August 21st. Ten analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and twelve have issued a Sell rating to the company. Based on data from MarketBeat.com, Enphase Energy currently has a consensus rating of "Reduce" and an average target price of $55.48.

Insider Activity at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average price of $30.82 per share, with a total value of $154,100.00. Following the acquisition, the chief executive officer owned 1,620,632 shares in the company, valued at approximately $49,947,878.24. The trade was a 0.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.10% of the company's stock.

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.