Northland Securities Forecasts Enphase Energy Q3 Earnings

Key Points

• Northland Securities lowered its Enphase Energy earnings forecasts, projecting Q3 2026 EPS of $0.18, down from $0.28, along with reduced estimates for Q4 2026, FY2026 and FY2027.
• Enphase’s latest quarter produced $0.46 EPS, slightly below the $0.47 consensus, while revenue of $291.85 million exceeded estimates but fell 19.6% year over year.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and average price target of $45.61; the stock opened at $38.95, well below its 50-day moving average of $47.99.

Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) - Investment analysts at Northland Securities dropped their Q3 2026 earnings estimates for shares of Enphase Energy in a research note issued to investors on Wednesday, July 29th. Northland Securities analyst G. Richard now anticipates that the semiconductor company will post earnings per share of $0.18 for the quarter, down from their previous forecast of $0.28. The consensus estimate for Enphase Energy's current full-year earnings is $0.84 per share. Northland Securities also issued estimates for Enphase Energy's Q4 2026 earnings at $0.27 EPS, FY2026 earnings at $0.74 EPS and FY2027 earnings at $1.40 EPS.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its earnings results on Tuesday, July 28th. The semiconductor company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). The company had revenue of $291.85 million during the quarter, compared to analyst estimates of $289.76 million. Enphase Energy had a return on equity of 13.31% and a net margin of 10.09%.The firm's revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter last year, the business earned $0.69 earnings per share.

A number of other equities research analysts have also weighed in on ENPH. UBS Group set a $56.00 price objective on shares of Enphase Energy in a report on Wednesday, July 29th. Weiss Ratings raised Enphase Energy from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, June 23rd. Citigroup dropped their price target on Enphase Energy from $43.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. Mizuho cut their price objective on Enphase Energy from $54.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Finally, Morgan Stanley set a $27.00 price objective on Enphase Energy in a research note on Friday, May 8th. Eight investment 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. Based on data from MarketBeat.com, Enphase Energy currently has a consensus rating of "Hold" and an average target price of $45.61.

Enphase Energy Trading Down 6.8%

NASDAQ ENPH opened at $38.95 on Thursday. The company has a fifty day simple moving average of $47.99 and a two-hundred day simple moving average of $43.91. The stock has a market cap of $5.15 billion, a P/E ratio of 38.95 and a beta of 1.64. Enphase Energy has a 12-month low of $25.77 and a 12-month high of $73.74. The company has a current ratio of 3.45, a quick ratio of 2.95 and a debt-to-equity ratio of 0.48.

Institutional Trading of Enphase Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. PFG Investments LLC increased its holdings in shares of Enphase Energy by 2.2% during the 4th quarter. PFG Investments LLC now owns 12,191 shares of the semiconductor company's stock valued at $391,000 after acquiring an additional 260 shares during the last quarter. Glass Jacobson Investment Advisors llc raised its stake in shares of Enphase Energy by 77.8% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 350 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in Enphase Energy by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 26,375 shares of the semiconductor company's stock worth $845,000 after purchasing an additional 404 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in Enphase Energy by 33.6% in the 2nd quarter. Rakuten Securities Inc. now owns 1,629 shares of the semiconductor company's stock worth $65,000 after purchasing an additional 410 shares during the last quarter. Finally, Saturna Capital Corp boosted its position in Enphase Energy by 4.2% during the first quarter. Saturna Capital Corp now owns 10,957 shares of the semiconductor company's stock worth $414,000 after purchasing an additional 442 shares during the period. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the company's stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of $67.50 per share, for a total transaction of $337,500.00. Following the transaction, the chief executive officer directly 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Shanker Trivedi purchased 1,000 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average price of $53.91 per share, with a total value of $53,910.00. Following the purchase, the director owned 1,000 shares in the company, valued at $53,910. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 3,400 shares of company stock valued at $150,933 in the last ninety days. 2.90% of the stock is currently owned by corporate insiders.

More Enphase Energy News

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

• Positive Sentiment: Enphase reiterated its commitment to U.S. manufacturing across residential and commercial solar, battery storage, and emerging AI data-center infrastructure. The company highlighted its IQ Microinverters, IQ Batteries, and planned IQ Solid-State Transformer platform, which could support long-term domestic growth and energy-infrastructure opportunities. Enphase Energy Reinforces U.S. Manufacturing Across Residential, Commercial, and AI Infrastructure
• Positive Sentiment: Broader pro-solar policy expectations recently lifted shares across the solar sector, including Enphase. However, the potential benefit is tempered by elevated interest rates and uncertain residential demand. SolarEdge Surges 8%, Enphase Climbs 5%, First Solar Rises 4% on Pro-Solar Policy Hopes
• Neutral Sentiment: Insider activity was mixed: several executives and directors sold shares, while Enphase President and CEO Badri Kothandaraman and another insider made purchases. Institutional activity was also divided, with some large funds adding shares and others reducing positions.
• Negative Sentiment: Northland Securities cut its Enphase EPS forecasts across multiple periods, including Q3 2026 to $0.18 from $0.28, Q4 2026 to $0.27 from $0.32, FY2026 to $0.74 from $0.95, and FY2027 to $1.40 from $1.49. Further reductions were made to 2027 quarterly estimates, signaling expectations for slower earnings growth.
• Negative Sentiment: Investors remain concerned that the expiration of the U.S. residential clean-energy tax credit could reduce homeowner demand. Enphase’s roughly $290 million–$320 million third-quarter revenue outlook implies only modest near-term improvement after second-quarter revenue of approximately $291.9 million. Enphase Energy Slides as Investors Weigh Soft Residential Solar Demand

Enphase Energy Company 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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