Fideuram Intesa Sanpaolo Private Banking S.P.A. Boosts Stock Holdings in Enphase Energy, Inc. $ENPH

Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 7.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 286,190 shares of the semiconductor company’s stock after acquiring an additional 19,688 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Enphase Energy were worth $10,821,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ENPH. Norges Bank bought a new position in shares of Enphase Energy during the 4th quarter valued at about $118,190,000. Invesco Ltd. increased its holdings in shares of Enphase Energy by 36.2% in the fourth quarter. Invesco Ltd. now owns 3,158,931 shares of the semiconductor company’s stock worth $101,244,000 after purchasing an additional 839,468 shares during the last quarter. Sora Investors LLC purchased a new stake in shares of Enphase Energy in the fourth quarter worth about $25,998,000. Coatue Management LLC lifted its position in shares of Enphase Energy by 95.3% in the third quarter. Coatue Management LLC now owns 1,647,893 shares of the semiconductor company’s stock worth $58,319,000 after buying an additional 803,945 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Enphase Energy by 2,335.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 798,090 shares of the semiconductor company’s stock valued at $28,244,000 after buying an additional 765,322 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ENPH. Barclays upgraded Enphase Energy from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $30.00 to $51.00 in a report on Thursday, June 18th. JPMorgan Chase & Co. lowered their target price on Enphase Energy from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Sanford C. Bernstein started coverage on shares of Enphase Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $56.00 target price for the company. Susquehanna reduced their price target on shares of Enphase Energy from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Finally, Roth Mkm restated a “buy” rating on shares of Enphase Energy in a research report on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four 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 a consensus price target of $46.57.

Insiders Place Their Bets

In other news, Director Richard Mora sold 700 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $64.20, for a total value of $44,940.00. Following the sale, the director owned 13,922 shares of the company’s stock, valued at approximately $893,792.40. This represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Shanker Trivedi bought 1,000 shares of the stock in a transaction dated Friday, June 12th. The stock was purchased at an average price of $53.91 per share, with a total value of $53,910.00. Following the acquisition, the director directly owned 1,000 shares in the company, valued at approximately $53,910. The trade was a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.90% of the stock is owned by insiders.

Key Stories Impacting Enphase Energy

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

• Negative Sentiment: Investors are worried about weaker U.S. residential solar demand after policy changes that end the homeowner solar tax credit after 2025, which could hurt Enphase’s core market. The company has also recently reported softer U.S. sell-through and a revenue outlook that still leans on safe-harbor shipments rather than a broad demand rebound. Article: Why Enphase Energy (ENPH) Stock Is Down Today
• Negative Sentiment: Barclays reiterated a cautious stance on Enphase by assigning a Hold rating, adding to the pressure from analysts who remain wary of near-term growth in the solar space. Article: Enphase Energy (ENPH) Receives a Hold from Barclays
• Neutral Sentiment: Some recent commentary suggested Enphase could benefit from U.S. inverter restrictions and the company’s GaN-based product roadmap, but these longer-term themes have not been enough to offset current demand and policy concerns. Article: Enphase Energy (ENPH) Could Gain From Inverter Curbs And AI Data Center Push
• Neutral Sentiment: Bernstein also kept a Hold rating on the stock, reinforcing the view that Wall Street remains cautious even as Enphase continues to draw attention from investors. Article: Bernstein Sticks to Its Hold Rating for Enphase Energy (ENPH)

Enphase Energy Price Performance

NASDAQ:ENPH opened at $43.07 on Friday. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 42.64 and a beta of 1.62. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.80 and a quick ratio of 3.20. The business has a 50 day simple moving average of $50.05 and a 200-day simple moving average of $42.71. Enphase Energy, Inc. has a 1 year low of $25.77 and a 1 year high of $73.74.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The firm had revenue of $282.90 million for the quarter, compared to the consensus estimate of $282.27 million. During the same quarter in the previous year, the company posted $0.68 EPS. The company’s revenue for the quarter was down 20.6% compared to the same quarter last year. Equities analysts forecast that Enphase Energy, Inc. will post 0.85 EPS for the current year.

Enphase Energy 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.