Interval Partners LP Acquires New Stake in Enphase Energy, Inc. $ENPH

Key Points

• Interval Partners LP acquired a new stake in Enphase Energy, Inc. worth approximately $654,000, purchasing 10,540 shares during the first quarter.
• Institutional investors own 72.12% of Enphase Energy's stock, with several firms significantly increasing their positions in the fourth quarter.
• Analysts have a mixed outlook for Enphase Energy, with ratings ranging from "Buy" to "Sell," and a consensus price target set at $55.48, down from previous figures.

Interval Partners LP acquired a new stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,540 shares of the semiconductor company's stock, valued at approximately $654,000.

Several other hedge funds also recently modified their holdings of ENPH. Baillie Gifford & Co. raised its stake in shares of Enphase Energy by 32.0% in the first quarter. Baillie Gifford & Co. now owns 11,052,357 shares of the semiconductor company's stock valued at $685,799,000 after purchasing an additional 2,680,567 shares in the last quarter. Invesco Ltd. raised its stake in shares of Enphase Energy by 15.5% in the first quarter. Invesco Ltd. now owns 5,264,521 shares of the semiconductor company's stock valued at $326,664,000 after purchasing an additional 706,656 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Enphase Energy by 9,236.6% in the first quarter. AQR Capital Management LLC now owns 691,564 shares of the semiconductor company's stock valued at $41,483,000 after purchasing an additional 684,157 shares in the last quarter. Worldquant Millennium Advisors LLC raised its stake in Enphase Energy by 531.4% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 805,791 shares of the semiconductor company's stock worth $55,342,000 after acquiring an additional 678,163 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Enphase Energy by 10,270.1% during the first quarter. GAMMA Investing LLC now owns 512,285 shares of the semiconductor company's stock worth $31,787,000 after acquiring an additional 507,345 shares in the last quarter. 72.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy 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 acquired at an average price of $30.82 per share, with a total value of $154,100.00. Following the completion of the purchase, 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.10% of the company's stock.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH traded up $1.68 during midday trading on Thursday, hitting $38.80. 2,824,674 shares of the company's stock were exchanged, compared to its average volume of 6,634,868. Enphase Energy, Inc. has a 12 month low of $29.89 and a 12 month high of $126.19. The company's 50 day moving average price is $36.95 and its 200 day moving average price is $45.57. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $5.07 billion, a PE ratio of 30.25 and a beta of 1.52.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on ENPH shares. Citigroup lowered their target price on Enphase Energy from $47.00 to $43.00 and set a "sell" rating for the company in a research note on Thursday, June 5th. Mizuho lowered their target price on Enphase Energy from $53.00 to $50.00 and set an "outperform" rating for the company in a research note on Monday, July 14th. The Goldman Sachs Group reiterated a "sell" rating and issued a $32.00 price target (down previously from $77.00) on shares of Enphase Energy in a report on Wednesday, July 9th. Susquehanna decreased their price target on Enphase Energy from $51.00 to $40.00 and set a "neutral" rating on the stock in a report on Monday, July 21st. Finally, Barclays raised 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. Ten 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 stock. According to data from MarketBeat.com, Enphase Energy has a consensus rating of "Reduce" and an average price target of $55.48.

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.