FORA Capital LLC Buys New Stake in Enphase Energy, Inc. $ENPH

Key Points

• FORA Capital LLC has made a new investment of $417,000 in Enphase Energy, Inc., acquiring 6,720 shares of the company during the first quarter.
• Insider activity includes CEO Badrinarayanan Kothandaraman purchasing 5,000 shares at an average cost of $30.82 per share, increasing his total ownership to approximately 1.62 million shares.
• Several analysts have recently updated their ratings on Enphase Energy, with target prices ranging from $40.00 to $55.48, reflecting mixed sentiments on the stock's outlook.

FORA Capital LLC acquired a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,720 shares of the semiconductor company's stock, valued at approximately $417,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional bought a new stake in Enphase Energy during the 1st quarter valued at about $29,000. First Horizon Advisors Inc. lifted its holdings in Enphase Energy by 83.0% during the 1st quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock valued at $35,000 after buying an additional 258 shares in the last quarter. SVB Wealth LLC bought a new stake in Enphase Energy during the 1st quarter valued at about $38,000. Brooklyn Investment Group lifted its holdings in Enphase Energy by 124.7% during the 1st quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company's stock valued at $41,000 after buying an additional 368 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in Enphase Energy during the 1st quarter valued at about $73,000. Institutional investors own 72.12% of the company's stock.

Enphase Energy Stock Performance

Shares of ENPH stock traded up $0.12 during trading hours on Monday, hitting $37.70. The company's stock had a trading volume of 4,029,352 shares, compared to its average volume of 7,980,555. The company has a 50 day moving average of $37.24 and a 200 day moving average of $46.83. The stock has a market cap of $4.93 billion, a PE ratio of 29.45 and a beta of 1.52. 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 12-month low of $29.89 and a 12-month high of $126.19.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. The business had revenue of $363.15 million for 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Enphase Energy has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Insider Activity

In other news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average cost of $30.82 per share, for a total transaction of $154,100.00. Following the purchase, the chief executive officer directly owned 1,620,632 shares in the company, 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ENPH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $37.00 price objective (down previously from $64.00) on shares of Enphase Energy in a report on Tuesday, July 15th. Wells Fargo & Company boosted their price target on shares of Enphase Energy from $42.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. BNP Paribas lowered shares of Enphase Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, May 13th. Glj Research reduced their price target on shares of Enphase Energy from $31.11 to $19.80 and set a "sell" rating for the company in a report on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Enphase Energy from $49.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, July 24th. Ten investment 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. Based on data from MarketBeat, Enphase Energy presently has an average rating of "Reduce" and a consensus target price of $55.48.

Enphase Energy 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.