Oppenheimer Cuts Enphase Energy (NASDAQ:ENPH) Price Target to $73.00

Key Points

• Oppenheimer has reduced the price target for Enphase Energy (NASDAQ:ENPH) from $77.00 to $73.00, maintaining an "outperform" rating, indicating a significant potential upside of 98.55% based on current stock prices.
• Enphase Energy's shares experienced a slight increase of 2.0% during trading, reaching a price of $36.77, while its market cap stands at $4.81 billion.
• Recent reports from various analysts have resulted in a mix of ratings for Enphase Energy, with averages suggesting a rating of "Reduce" and a target price of $53.08.

Enphase Energy (NASDAQ:ENPH - Get Free Report) had its price target decreased by equities researchers at Oppenheimer from $77.00 to $73.00 in a research note issued to investors on Thursday,MarketScreener reports. The brokerage presently has an "outperform" rating on the semiconductor company's stock. Oppenheimer's price objective points to a potential upside of 98.55% from the stock's current price.

ENPH has been the topic of several other reports. KeyCorp reaffirmed an "underweight" rating and issued a $31.00 target price on shares of Enphase Energy in a research report on Tuesday, June 17th. Royal Bank Of Canada set a $28.00 target price on Enphase Energy and gave the company a "sector perform" rating in a research note on Wednesday, June 18th. Evercore ISI started coverage on Enphase Energy in a research note on Monday. They issued an "in-line" rating and a $40.00 target price for the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Enphase Energy in a report on Wednesday. Finally, Wall Street Zen raised Enphase Energy from a "hold" rating to a "buy" rating in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and thirteen have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $53.08.

Enphase Energy Trading Up 2.0%

Shares of ENPH traded up $0.74 during midday trading on Thursday, hitting $36.77. 544,152 shares of the stock were exchanged, compared to its average volume of 6,806,842. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.82 and a current ratio of 1.97. Enphase Energy has a 52-week low of $29.89 and a 52-week high of $103.99. The firm has a market cap of $4.81 billion, a P/E ratio of 28.79 and a beta of 1.56. The stock has a fifty day simple moving average of $36.20 and a 200 day simple moving average of $42.37.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share 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 business had revenue of $363.15 million during the quarter, compared to the consensus estimate of $359.14 million. During the same period in the previous year, the business earned $0.43 EPS. The business's quarterly revenue was up 19.7% on a year-over-year basis. Enphase Energy has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Enphase Energy will post 2.08 EPS for the current fiscal year.

Insider Buying and Selling at Enphase Energy

In other news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the stock in a transaction dated 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 purchase, the chief executive officer directly owned 1,620,632 shares of the company's stock, valued at approximately $49,947,878.24. This trade represents a 0.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Enphase Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. M.E. Allison & CO. Inc. acquired a new position in Enphase Energy in the 3rd quarter valued at approximately $329,000. Oak Thistle LLC bought a new stake in Enphase Energy in the third quarter worth about $582,000. Corient Private Wealth LLC increased its stake in shares of Enphase Energy by 28.4% in the second quarter. Corient Private Wealth LLC now owns 7,868 shares of the semiconductor company's stock worth $312,000 after purchasing an additional 1,742 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in Enphase Energy by 30.2% during the second quarter. Texas Permanent School Fund Corp now owns 50,155 shares of the semiconductor company's stock valued at $1,989,000 after acquiring an additional 11,627 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its position in Enphase Energy by 22.6% during the second quarter. Centaurus Financial Inc. now owns 4,045 shares of the semiconductor company's stock valued at $160,000 after purchasing an additional 746 shares during the last quarter. Institutional investors own 72.12% of the company's stock.

About Enphase Energy

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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