Nicola Wealth Management LTD. Sells 8,000 Shares of Enphase Energy, Inc. $ENPH

Key Points

• Nicola Wealth Management LTD. reduced its position in Enphase Energy, Inc. by 25.8% during the 1st quarter, now holding 23,000 shares valued at approximately $1.43 million.
• The recent quarterly earnings report showed Enphase Energy exceeded analyst expectations with earnings of $0.69 EPS on revenue of $363.15 million, marking a 19.7% increase year-over-year.
• Stock analysts have varying opinions on Enphase Energy, with ten rating it as a Buy, thirteen as Hold, and twelve as Sell, leading to a consensus price target of $55.48.

Nicola Wealth Management LTD. cut its holdings in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 25.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,000 shares of the semiconductor company's stock after selling 8,000 shares during the quarter. Nicola Wealth Management LTD.'s holdings in Enphase Energy were worth $1,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Baillie Gifford & Co. boosted its position in shares of Enphase Energy by 32.0% in the 1st quarter. Baillie Gifford & Co. now owns 11,052,357 shares of the semiconductor company's stock worth $685,799,000 after purchasing an additional 2,680,567 shares during the last quarter. Invesco Ltd. grew its position in shares of Enphase Energy by 15.5% during the 1st quarter. Invesco Ltd. now owns 5,264,521 shares of the semiconductor company's stock worth $326,664,000 after buying an additional 706,656 shares during the period. AQR Capital Management LLC increased its stake in shares of Enphase Energy by 9,236.6% in the 1st quarter. AQR Capital Management LLC now owns 691,564 shares of the semiconductor company's stock valued at $41,483,000 after acquiring an additional 684,157 shares during the last quarter. Worldquant Millennium Advisors LLC raised its position in shares of Enphase Energy by 531.4% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 805,791 shares of the semiconductor company's stock valued at $55,342,000 after acquiring an additional 678,163 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Enphase Energy by 10,270.1% in the 1st quarter. GAMMA Investing LLC now owns 512,285 shares of the semiconductor company's stock valued at $31,787,000 after acquiring an additional 507,345 shares during the period. Institutional investors own 72.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ENPH shares. Johnson Rice lowered shares of Enphase Energy from a "buy" rating to an "accumulate" rating and set a $45.00 price target for the company. in a report on Wednesday, July 30th. Glj Research dropped their price target on Enphase Energy from $31.11 to $19.80 and set a "sell" rating on the stock in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $37.00 price objective (down from $64.00) on shares of Enphase Energy in a research report on Tuesday, July 15th. Citigroup dropped their target price on shares of Enphase Energy from $47.00 to $43.00 and set a "sell" rating on the stock in a report on Thursday, June 5th. Finally, Susquehanna cut their price target on shares of Enphase Energy from $51.00 to $40.00 and set a "neutral" rating on the stock in a research note on Monday, July 21st. Ten investment 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 MarketBeat.com, Enphase Energy has a consensus rating of "Reduce" and a consensus price target of $55.48.

Enphase Energy Stock Performance

Enphase Energy stock traded up $0.83 during trading hours on Wednesday, hitting $39.82. The company had a trading volume of 3,031,770 shares, compared to its average volume of 6,639,874. The firm has a 50-day moving average of $36.62 and a 200 day moving average of $44.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.82. The firm has a market cap of $5.21 billion, a PE ratio of 30.97 and a beta of 1.52. Enphase Energy, Inc. has a one year low of $29.89 and a one year high of $126.19.

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

Insider Buying and Selling at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average cost of $30.82 per share, for a total transaction of $154,100.00. Following the completion of the purchase, the chief executive officer owned 1,620,632 shares in the company, valued at approximately $49,947,878.24. This represents a 0.31% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.10% of the company's stock.

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.