William Blair Expects Stronger Earnings for Enphase Energy

Key Points

• William Blair has raised its Q3 2025 earnings per share (EPS) estimate for Enphase Energy from $0.16 to $0.25, indicating improved financial outlook for the company.
• Despite positive revisions, shares of Enphase Energy have faced various ratings downgrades, with a consensus rating of "Hold" and a price target of $55.86.
• The company's recent quarterly report revealed a net margin of 11.78% and a revenue increase of 19.7% year-over-year, exceeding consensus estimates.

Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) - Equities researchers at William Blair raised their Q3 2025 EPS estimates for shares of Enphase Energy in a research note issued to investors on Wednesday, July 23rd. William Blair analyst J. Dorsheimer now forecasts that the semiconductor company will earn $0.25 per share for the quarter, up from their prior forecast of $0.16. The consensus estimate for Enphase Energy's current full-year earnings is $2.08 per share. William Blair also issued estimates for Enphase Energy's Q4 2025 earnings at $0.27 EPS, FY2025 earnings at $1.21 EPS, Q1 2026 earnings at $0.25 EPS, Q2 2026 earnings at $0.24 EPS, Q3 2026 earnings at $0.27 EPS, Q4 2026 earnings at $0.24 EPS and FY2026 earnings at $1.00 EPS.

ENPH has been the topic of several other reports. KeyCorp reiterated an "underweight" rating and issued a $31.00 price objective on shares of Enphase Energy in a research report on Tuesday, June 17th. BMO Capital Markets reiterated an "underperform" rating and issued a $39.00 price objective (down from $46.00) on shares of Enphase Energy in a research report on Tuesday, May 13th. BNP Paribas downgraded shares of Enphase Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, May 13th. Truist Financial cut their price objective on shares of Enphase Energy from $65.00 to $49.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Finally, Canaccord Genuity Group cut their price objective on shares of Enphase Energy from $70.00 to $58.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Thirteen equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $55.86.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH opened at $35.41 on Monday. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. Enphase Energy has a fifty-two week low of $33.01 and a fifty-two week high of $130.08. The firm has a 50-day simple moving average of $40.95 and a 200 day simple moving average of $51.95. The company has a market cap of $4.63 billion, a PE ratio of 27.66 and a beta of 1.67.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $0.69 earnings per share for the quarter, beating 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 in the prior year, the firm earned $0.43 EPS. The company's revenue for the quarter was up 19.7% compared to the same quarter last year.

Institutional Investors Weigh In On Enphase Energy

Several hedge funds have recently made changes to their positions in ENPH. Korea Investment CORP lifted its position in shares of Enphase Energy by 45.6% in the 4th quarter. Korea Investment CORP now owns 91,758 shares of the semiconductor company's stock valued at $6,302,000 after acquiring an additional 28,742 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Enphase Energy by 10.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 216,132 shares of the semiconductor company's stock valued at $15,594,000 after purchasing an additional 19,743 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Enphase Energy during the fourth quarter valued at approximately $476,000. NEOS Investment Management LLC grew its position in Enphase Energy by 26.7% during the fourth quarter. NEOS Investment Management LLC now owns 5,888 shares of the semiconductor company's stock valued at $404,000 after purchasing an additional 1,240 shares in the last quarter. Finally, Norges Bank purchased a new position in Enphase Energy during the fourth quarter valued at approximately $46,339,000. Hedge funds and other 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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