Enphase Energy, Inc. $ENPH Shares Sold by Firsthand Capital Management Inc.

Key Points

• Firsthand Capital Management Inc. significantly decreased its stake in Enphase Energy by 83.3%, selling 15,000 shares and retaining only 3,000, valued at $186,000.
• Analyst ratings for Enphase Energy show a mix of sentiments, with ten analysts
• Enphase reported better-than-expected earnings for the last quarter, with an EPS of $0.69 against a consensus estimated EPS of $0.62, along with a 19.7% revenue increase year-over-year.

Firsthand Capital Management Inc. cut its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 83.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,000 shares of the semiconductor company's stock after selling 15,000 shares during the period. Firsthand Capital Management Inc.'s holdings in Enphase Energy were worth $186,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Woodline Partners LP purchased a new stake in shares of Enphase Energy in the fourth quarter valued at about $557,000. Teacher Retirement System of Texas purchased a new position in Enphase Energy during the first quarter worth about $1,609,000. QRG Capital Management Inc. purchased a new position in Enphase Energy during the first quarter worth about $512,000. Maxi Investments CY Ltd boosted its stake in Enphase Energy by 650.0% during the first quarter. Maxi Investments CY Ltd now owns 52,500 shares of the semiconductor company's stock worth $3,258,000 after buying an additional 45,500 shares during the period. Finally, Bouvel Investment Partners LLC purchased a new position in Enphase Energy during the first quarter worth about $847,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ENPH has been the subject of several research analyst reports. BNP Paribas Exane lowered shares of Enphase Energy from a "neutral" rating to an "underperform" rating and set a $40.00 target price for the company. in a research note on Tuesday, May 13th. Barclays boosted their price objective on Enphase Energy from $28.00 to $29.00 and gave the company an "underweight" rating in a report on Thursday, July 24th. BMO Capital Markets reiterated an "underperform" rating and issued a $39.00 price objective (down previously from $46.00) on shares of Enphase Energy in a report on Tuesday, May 13th. The Goldman Sachs Group reiterated a "sell" rating and issued a $32.00 price objective (down previously from $77.00) on shares of Enphase Energy in a report on Wednesday, July 9th. Finally, Jefferies Financial Group raised shares of Enphase Energy from an "underperform" rating to a "hold" rating and raised their price objective for the company from $28.00 to $36.00 in a research note on Thursday, August 21st. Ten analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and twelve have given a Sell rating to the stock. According to data from MarketBeat.com, Enphase Energy has a consensus rating of "Reduce" and a consensus price target of $55.48.

Insiders Place Their Bets

In other news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of Enphase Energy stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average price of $30.82 per share, with a total value of $154,100.00. Following the completion of the acquisition, the chief executive officer directly owned 1,620,632 shares in the company, valued at $49,947,878.24. The trade was a 0.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is currently owned by company insiders.

Enphase Energy Stock Up 0.3%

NASDAQ:ENPH traded up $0.10 during mid-day trading on Wednesday, hitting $37.08. The stock had a trading volume of 4,371,328 shares, compared to its average volume of 7,693,499. The stock has a 50-day simple moving average of $37.26 and a two-hundred day simple moving average of $46.51. The company has a market capitalization of $4.85 billion, a PE ratio of 28.97 and a beta of 1.52. Enphase Energy, Inc. has a twelve month low of $29.89 and a twelve 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.

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

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.