Public Sector Pension Investment Board Purchases 16,733 Shares of Enphase Energy, Inc. $ENPH

Key Points

• The Public Sector Pension Investment Board increased its holdings in Enphase Energy, Inc. by 86%, now owning 36,196 shares valued at approximately $2.25 million.
• Enphase Energy reported earnings of $0.69 per share for the latest quarter, exceeding analysts' expectations and showing a 19.7% year-over-year increase in revenue.
• Analyst ratings for Enphase Energy are mixed, with an average target price of $55.22, but multiple firms recently downgraded their price targets.

Public Sector Pension Investment Board boosted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 86.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,196 shares of the semiconductor company's stock after buying an additional 16,733 shares during the quarter. Public Sector Pension Investment Board's holdings in Enphase Energy were worth $2,246,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. CX Institutional purchased a new stake in Enphase Energy in the 1st quarter worth about $29,000. First Horizon Advisors Inc. lifted its stake in Enphase Energy by 83.0% in the 1st quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 258 shares in the last quarter. GeoWealth Management LLC lifted its stake in Enphase Energy by 56.3% in the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock worth $61,000 after acquiring an additional 321 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Enphase Energy in the 1st quarter worth about $73,000. Finally, Intact Investment Management Inc. purchased a new stake in Enphase Energy in the 1st quarter worth about $74,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Enphase Energy Stock Performance

ENPH traded down $0.27 during midday trading on Tuesday, reaching $37.96. The company's stock had a trading volume of 7,127,260 shares, compared to its average volume of 8,496,202. The stock has a market cap of $4.96 billion, a P/E ratio of 29.66 and a beta of 1.59. The company has a fifty day simple moving average of $37.16 and a 200 day simple moving average of $47.45. The company has a current ratio of 1.97, a quick ratio of 1.82 and a debt-to-equity ratio of 0.65. Enphase Energy, Inc. has a twelve month low of $29.89 and a twelve month high of $126.19.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.07. The company 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%.The company's quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. Enphase Energy has set its Q3 2025 guidance at EPS. Research analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ENPH shares. TD Cowen reduced their price objective on Enphase Energy from $45.00 to $40.00 and set a "hold" rating for the company in a research note on Wednesday, July 23rd. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $32.00 target price (down from $77.00) on shares of Enphase Energy in a research report on Wednesday, July 9th. Glj Research dropped their target price 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. BNP Paribas Exane lowered Enphase Energy from a "neutral" rating to an "underperform" rating and set a $40.00 target price on the stock. in a research report on Tuesday, May 13th. Finally, Barclays upped their target price on Enphase Energy from $28.00 to $29.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th. Ten investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and twelve have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Enphase Energy presently has a consensus rating of "Reduce" and a consensus price target of $55.48.

Insider Transactions at Enphase Energy

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

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.