JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Enphase Energy (NASDAQ:ENPH) Stock

Key Points

• JPMorgan Chase & Co. raised its target price for Enphase Energy from $39.00 to $40.00, suggesting a potential upside of 6.97% from the current price.
• Enphase Energy currently holds a consensus rating of "Reduce" with varied ratings from analysts, including one Strong Buy, nine Buy, fourteen Hold, and thirteen Sell ratings.
• Enphase Energy reported earnings of $0.69 per share, surpassing analysts’ expectations, with a revenue increase of 19.7% year-over-year.

Enphase Energy (NASDAQ:ENPH - Get Free Report) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from $39.00 to $40.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the semiconductor company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 6.97% from the company's current price.

Other analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Enphase Energy from a "hold" rating to a "buy" rating in a research report on Tuesday, September 30th. Morgan Stanley set a $28.00 price target on shares of Enphase Energy in a research report on Thursday. Susquehanna reduced their price objective on Enphase Energy from $40.00 to $37.00 and set a "neutral" rating on the stock in a research note on Monday. Mizuho reduced their price objective on Enphase Energy from $53.00 to $50.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th. Finally, Oppenheimer reduced their price objective on Enphase Energy from $77.00 to $73.00 and set an "outperform" rating on the stock in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have issued a Hold rating and thirteen have given a Sell rating to the stock. According to MarketBeat, Enphase Energy currently has a consensus rating of "Reduce" and a consensus price target of $52.76.

Enphase Energy Stock Down 0.4%

Shares of ENPH stock traded down $0.15 during mid-day trading on Thursday, reaching $37.39. 1,589,276 shares of the company were exchanged, compared to its average volume of 6,846,903. Enphase Energy has a fifty-two week low of $29.89 and a fifty-two week high of $93.57. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.82 and a current ratio of 1.97. The company has a market capitalization of $4.89 billion, a P/E ratio of 29.08 and a beta of 1.56. The business's 50 day simple moving average is $36.64 and its 200 day simple moving average is $41.49.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.07. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The business had revenue of $363.15 million during the quarter, compared to the consensus estimate of $359.14 million. During the same quarter last year, the company earned $0.43 earnings per share. The business's quarterly revenue was up 19.7% compared to the same quarter last year. Enphase Energy has set its Q3 2025 guidance at EPS. Research analysts predict that Enphase Energy will post 2.08 earnings per share for the current year.

Insider Transactions at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were bought 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 of the company's stock, valued at $49,947,878.24. This represents a 0.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On Enphase Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale lifted its stake in Enphase Energy by 0.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company's stock valued at $5,421,000 after buying an additional 238 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Enphase Energy by 2.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,357 shares of the semiconductor company's stock valued at $643,000 after buying an additional 255 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Enphase Energy by 83.0% during the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 258 shares in the last quarter. Empirical Finance LLC raised its stake in shares of Enphase Energy by 9.1% during the first quarter. Empirical Finance LLC now owns 3,996 shares of the semiconductor company's stock valued at $248,000 after purchasing an additional 332 shares in the last quarter. Finally, Cidel Asset Management Inc. raised its stake in shares of Enphase Energy by 7.1% during the first quarter. Cidel Asset Management Inc. now owns 5,070 shares of the semiconductor company's stock valued at $315,000 after purchasing an additional 338 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors.

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.

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