Lazard Asset Management LLC Sells 4,046,448 Shares of Enphase Energy, Inc. $ENPH

Key Points

• Lazard Asset Management cut its Enphase Energy stake by 99.9%, selling 4,046,448 shares and retaining just 5,495 shares valued at approximately $208,000. Institutional investors still own 72.12% of the company.
• Analyst sentiment remains mixed, with eight Buy, twelve Hold, and three Sell ratings; the consensus rating is Hold with a $45.61 price target. Morgan Stanley, BMO Capital Markets, and JPMorgan recently reduced or maintained cautious targets.
• Enphase reported quarterly EPS of $0.46, slightly below estimates, while revenue of $291.85 million exceeded expectations but fell 19.6% year over year. Weak residential solar demand and policy uncertainty continue to weigh on the outlook, despite insider purchases and potential growth in connected-home energy management.

Lazard Asset Management LLC lessened its position in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 99.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 5,495 shares of the semiconductor company's stock after selling 4,046,448 shares during the period. Lazard Asset Management LLC's holdings in Enphase Energy were worth $208,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Enphase Energy in the 4th quarter worth $118,190,000. Invesco Ltd. increased its stake in Enphase Energy by 36.2% during the 4th quarter. Invesco Ltd. now owns 3,158,931 shares of the semiconductor company's stock valued at $101,244,000 after purchasing an additional 839,468 shares in the last quarter. Sora Investors LLC acquired a new position in Enphase Energy during the fourth quarter worth $25,998,000. Arrowstreet Capital Limited Partnership raised its holdings in Enphase Energy by 2,335.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 798,090 shares of the semiconductor company's stock worth $28,244,000 after buying an additional 765,322 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in shares of Enphase Energy in the fourth quarter valued at $20,278,000. Institutional investors own 72.12% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley set a $27.00 price objective on shares of Enphase Energy in a report on Friday, May 8th. BMO Capital Markets dropped their price target on shares of Enphase Energy from $39.00 to $37.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 29th. Evercore set a $37.00 price objective on Enphase Energy in a report on Monday, May 4th. Sanford C. Bernstein assumed coverage on Enphase Energy in a research note on Tuesday, June 16th. They issued a "market perform" rating and a $56.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on Enphase Energy from $39.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $45.61.

Insider Transactions at Enphase Energy

In other Enphase Energy news, Director Shanker Trivedi purchased 1,000 shares of the company's stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average cost 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 of the company's stock, valued at $53,910. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the business's stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $67.50 per share, for a total transaction of $337,500.00. Following the transaction, the chief executive officer owned 1,645,632 shares of the company's stock, valued at approximately $111,080,160. The trade was a 0.30% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 3,400 shares of company stock worth $150,933 in the last 90 days. Insiders own 2.90% of the company's stock.

Enphase Energy Stock Up 5.5%

ENPH opened at $41.87 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.45 and a quick ratio of 2.95. The company's 50-day moving average is $46.87 and its 200 day moving average is $43.92. Enphase Energy, Inc. has a fifty-two week low of $25.77 and a fifty-two week high of $73.74. The firm has a market capitalization of $5.53 billion, a P/E ratio of 41.87 and a beta of 1.64.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued 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 company's revenue for the quarter was down 19.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. Research analysts expect that Enphase Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

Key Headlines Impacting Enphase Energy

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

• Positive Sentiment: Broader solar-sector momentum lifted Enphase alongside other renewable-energy stocks after the tariff announcement. Redwire, Enphase, Core & Main, Republic Services, and Owens Corning stocks trade up
• Positive Sentiment: Investors are also watching Enphase’s expansion beyond solar inverters into connected-home energy management, including its IQ Air product, which could broaden revenue opportunities over time. Enphase Energy steps into the connected home with IQ Air
• Neutral Sentiment: The company’s broader energy-management strategy is attracting attention, but the investment case remains dependent on a sustained recovery in residential solar demand. Enphase Energy stock watched as energy management widens the story
• Negative Sentiment: Northland Securities lowered its EPS forecasts for the third and fourth quarters of 2026, fiscal 2026, and fiscal 2027, citing a weaker earnings outlook. Its estimates fell to $0.18, $0.27, $0.74, and $1.40 per share, respectively. Q1 EPS estimates for Enphase Energy reduced by analyst
• Negative Sentiment: Morgan Stanley maintained a sell view, adding to concerns about valuation and the pace of the company’s recovery. Enphase Energy gets a sell from Morgan Stanley
• Negative Sentiment: Weak U.S. residential demand, the expiration of the federal residential clean-energy tax credit, and uncertainty around incentives continue to cloud near-term growth. Recent results showed year-over-year revenue contraction and only modest projected improvement. Enphase Energy slides as investors weigh soft residential solar demand

Enphase Energy 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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