Janus Henderson Group PLC Acquires 72,247 Shares of Enphase Energy, Inc. $ENPH

Key Points

• Janus Henderson more than doubled its Enphase Energy holdings in the first quarter, purchasing 72,247 additional shares for a total position of 130,385 shares valued at approximately $4.93 million. Institutional investors collectively own 72.12% of the company.
• Analyst sentiment remains cautious, with Enphase receiving a consensus “Hold” rating and an average price target of $45.61. Recent target reductions reflect concerns over weak residential solar demand, policy and tariff uncertainty, and a 19.6% year-over-year revenue decline.
• Enphase reported quarterly EPS of $0.46, slightly below the $0.47 consensus, while revenue of $291.85 million exceeded estimates. CEO Badrinarayanan Kothandaraman and a director also recently purchased company shares, though insiders have sold 3,400 shares over the past 90 days.

Janus Henderson Group PLC lifted its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 124.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,385 shares of the semiconductor company's stock after purchasing an additional 72,247 shares during the quarter. Janus Henderson Group PLC owned 0.10% of Enphase Energy worth $4,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Enphase Energy by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 16,329,647 shares of the semiconductor company's stock worth $523,365,000 after buying an additional 246,876 shares in the last quarter. Norges Bank purchased a new stake in shares of Enphase Energy during the 4th quarter valued at about $118,190,000. Invesco Ltd. grew its stake in shares of Enphase Energy by 36.2% in the fourth quarter. Invesco Ltd. now owns 3,158,931 shares of the semiconductor company's stock worth $101,244,000 after acquiring an additional 839,468 shares during the period. Geode Capital Management LLC raised its holdings in shares of Enphase Energy by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,510,509 shares of the semiconductor company's stock valued at $80,478,000 after purchasing an additional 11,220 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Enphase Energy by 42.4% during the first quarter. First Trust Advisors LP now owns 1,834,416 shares of the semiconductor company's stock valued at $69,359,000 after purchasing an additional 546,460 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group set a $56.00 target price on shares of Enphase Energy in a report on Wednesday, July 29th. TD Cowen dropped their price target on Enphase Energy from $70.00 to $48.00 and set a "hold" rating on the stock in a research note on Monday, July 20th. Royal Bank Of Canada cut their price objective on Enphase Energy from $54.00 to $47.00 and set an "outperform" rating for the company in a report on Wednesday, July 29th. Barclays upgraded Enphase Energy from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $30.00 to $51.00 in a research report on Thursday, June 18th. Finally, Mizuho dropped their target price on Enphase Energy from $54.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Enphase Energy presently has a consensus rating of "Hold" and an average price target of $45.61.

Insider Activity at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of $67.50 per share, for a total transaction of $337,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,645,632 shares of the company's stock, valued at $111,080,160. This trade represents a 0.30% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shanker Trivedi bought 1,000 shares of Enphase Energy stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of $53.91 per share, for a total transaction of $53,910.00. Following the completion of the acquisition, the director owned 1,000 shares in the company, valued at approximately $53,910. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 3,400 shares of company stock valued at $150,933 over the last 90 days. 2.90% of the stock is owned by corporate insiders.

Key Enphase Energy News

Here are the key news stories impacting Enphase Energy this week:

• Positive Sentiment: Enphase is expanding beyond solar equipment with IQ Air, a connected-home product that could broaden the company’s platform, create additional revenue opportunities and strengthen customer engagement over time. Enphase Energy Steps Into the Connected Home With IQ Air
• Neutral Sentiment: Institutional positioning is mixed: some major investors increased their ENPH holdings while others reduced exposure. This suggests divided views on the timing and strength of a recovery rather than a clear change in the stock’s outlook.
• Negative Sentiment: Morgan Stanley assigned Enphase a Sell rating, adding pressure as investors remain cautious about the company’s near-term growth prospects. Enphase Energy Gets a Sell From Morgan Stanley
• Negative Sentiment: Northland Securities lowered its EPS forecasts across multiple periods, including Q3 2026 to $0.18 from $0.28, Q4 2026 to $0.27 from $0.32, FY2026 to $0.74 from $0.95 and FY2027 to $1.40 from $1.49. The cuts reinforce concerns that the earnings recovery may take longer than expected.
• Negative Sentiment: Recent trading pressure reflects soft U.S. residential solar demand, uncertainty following the expiration of the Section 25D tax credit, tariffs and changing incentive programs. Enphase’s guidance for roughly $290 million to $320 million in quarterly revenue implies only modest near-term improvement, while its latest revenue declined 19.6% year over year.

Enphase Energy Price Performance

Shares of Enphase Energy stock opened at $39.67 on Friday. The stock has a market cap of $5.24 billion, a P/E ratio of 39.67 and a beta of 1.64. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.95 and a current ratio of 3.45. The stock's fifty day moving average is $47.40 and its 200 day moving average is $43.94. Enphase Energy, Inc. has a one year low of $25.77 and a one year high of $73.74.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). The firm had revenue of $291.85 million during the quarter, compared to the consensus estimate of $289.76 million. Enphase Energy had a return on equity of 13.31% and a net margin of 10.09%.The business's revenue was down 19.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 EPS. Sell-side analysts anticipate that Enphase Energy, Inc. will post 0.78 earnings per share for the current year.

Enphase Energy Company Profile

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company's product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.

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