M&T Bank Corp Has $2.34 Million Stock Position in Enphase Energy, Inc. $ENPH

Key Points

• M&T Bank Corp increased its stake in Enphase by 319.6% in Q4 to 72,941 shares (≈$2.34M), representing roughly 0.06% ownership.
• Enphase beat Q1 non‑GAAP EPS ($0.47 vs. $0.43) but revenue fell ~20.6% YoY to $282.9M, with management citing weaker U.S. demand, tariff‑driven margin pressure and a GAAP loss while guiding Q2 revenue to $280–$310M.
• The company announced the IQ® Solid‑State Transformer for 800 VDC AI data‑center power, indicating a strategic push to diversify beyond residential solar into potential new markets.

M&T Bank Corp boosted its stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 319.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 72,941 shares of the semiconductor company's stock after buying an additional 55,557 shares during the period. M&T Bank Corp owned approximately 0.06% of Enphase Energy worth $2,338,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ENPH. Coatue Management LLC grew its stake in Enphase Energy by 95.3% in the 3rd quarter. Coatue Management LLC now owns 1,647,893 shares of the semiconductor company's stock valued at $58,319,000 after buying an additional 803,945 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Enphase Energy by 2,335.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 798,090 shares of the semiconductor company's stock valued at $28,244,000 after buying an additional 765,322 shares during the last quarter. Principal Financial Group Inc. grew its stake in Enphase Energy by 334.1% in the 3rd quarter. Principal Financial Group Inc. now owns 626,065 shares of the semiconductor company's stock valued at $22,156,000 after buying an additional 481,846 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Enphase Energy by 212.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 330,711 shares of the semiconductor company's stock valued at $11,704,000 after buying an additional 224,705 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in Enphase Energy by 51.3% in the 3rd quarter. Legal & General Group Plc now owns 611,176 shares of the semiconductor company's stock valued at $21,630,000 after buying an additional 207,321 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company's stock.

Enphase Energy News Summary

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

• Positive Sentiment: Q1 EPS beat — Enphase reported non‑GAAP EPS of $0.47, topping the consensus of $0.43, showing better-than-expected profitability on a per‑share basis despite lower revenue. Enphase Energy (ENPH) Q1 Earnings Surpass Estimates
• Positive Sentiment: New product expansion — Enphase announced the IQ® Solid‑State Transformer (IQ® SST) platform aimed at high‑density 800 VDC AI data‑center power infrastructure, signaling diversification beyond residential solar and potential long‑term market expansion. Enphase Energy Announces Development of IQ Solid-State Transformer for AI Data Centers
• Neutral Sentiment: Revenue roughly in line but materially down YoY — Q1 revenue was $282.9M (in line with estimates) but down ~20.6% year‑over‑year; shipments were ~1.41M microinverters and 103.1 MWh of batteries. This underscores near‑term demand softness even as operations remain intact. Enphase NASDAQ: ENPH Posts Q1 CY2026 Sales In Line With Estimates
• Negative Sentiment: Weaker U.S. demand, tariff pressure and a GAAP loss pressured sentiment — Management flagged a sharp U.S. sell‑through decline (seasonality and the expiration of a residential tax credit), reciprocal tariffs cut ~4.3 percentage points from gross margin, and GAAP net loss was reported; Q2 revenue guidance of $280M–$310M is centered near, or slightly below, consensus. Those factors drove negative investor reaction. Enphase sinks 8.6% as Q1 results underscore weaker U.S. demand and tariff-driven margin pressure

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ENPH shares. The Goldman Sachs Group upped their price target on shares of Enphase Energy from $45.00 to $51.00 and gave the company a "buy" rating in a research note on Wednesday, February 4th. Wall Street Zen upgraded shares of Enphase Energy from a "sell" rating to a "hold" rating in a research report on Sunday, March 29th. Barclays decreased their target price on shares of Enphase Energy from $35.00 to $31.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 8th. Royal Bank Of Canada upgraded shares of Enphase Energy from a "sector perform" rating to an "outperform" rating and set a $54.00 target price on the stock in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Enphase Energy from $33.00 to $39.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the company's stock. Based on data from MarketBeat, Enphase Energy has a consensus rating of "Hold" and a consensus target price of $42.07.

Insider Activity at Enphase Energy

In related news, Director Richard Mora sold 1,100 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $52.05, for a total value of $57,255.00. Following the completion of the transaction, the director owned 9,370 shares of the company's stock, valued at $487,708.50. This represents a 10.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, February 5th. The stock was bought at an average cost of $51.98 per share, with a total value of $259,900.00. Following the purchase, the chief executive officer owned 1,640,632 shares in the company, valued at $85,280,051.36. The trade was a 0.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.90% of the stock is owned by insiders.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH opened at $34.30 on Wednesday. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 26.59 and a beta of 1.39. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.07 and a quick ratio of 1.84. The firm has a 50 day simple moving average of $39.37 and a 200 day simple moving average of $36.32. Enphase Energy, Inc. has a one year low of $25.77 and a one year high of $54.43.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. The business had revenue of $282.90 million during the quarter, compared to the consensus estimate of $282.25 million. Enphase Energy had a net margin of 11.69% and a return on equity of 20.31%. The firm's revenue was down 20.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS. Research analysts predict that Enphase Energy, Inc. will post 0.87 earnings per share for the current fiscal year.

About Enphase Energy

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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