Enphase Energy (NASDAQ:ENPH) Cut to Neutral at Roth Capital

Roth Capital lowered shares of Enphase Energy (NASDAQ:ENPH) from a buy rating to a neutral rating in a report released on Wednesday morning, MarketBeat.com reports. The firm currently has $30.00 target price on the semiconductor company’s stock.

Several other equities research analysts have also recently issued reports on the company. Glj Research lowered their price objective on Enphase Energy from $24.47 to $21.49 and set a “sell” rating on the stock in a report on Monday, October 26th. Citigroup lowered their price target on Enphase Energy from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 29th. BMO Capital Markets dropped their price target on Enphase Energy from $37.00 to $28.00 and set a “market perform” rating for the company in a research report on Wednesday, October 21st. Royal Bank Of Canada reduced their price objective on Enphase Energy from $54.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Enphase Energy in a report on Friday, September 18th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.11.

Enphase Energy Stock Down 0.8%

NASDAQ:ENPH opened at $25.65 on Wednesday. The company has a market cap of $3.39 billion, a PE ratio of 38.28 and a beta of 1.64. Enphase Energy has a twelve month low of $23.83 and a twelve month high of $73.74. The company has a current ratio of 4.09, a quick ratio of 2.95 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $33.63 and its two-hundred day moving average is $40.96.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, October 27th. The semiconductor company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.10). Enphase Energy had a return on equity of 9.16% and a net margin of 7.49%. The company had revenue of $293.33 million for the quarter, compared to analyst estimates of $304.59 million. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The company’s quarterly revenue was down 28.5% on a year-over-year basis. Analysts anticipate that Enphase Energy will post 0.66 EPS for the current year.

Insider Transactions at Enphase Energy

In other Enphase Energy news, Director Richard Mora sold 1,500 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $40.36, for a total transaction of $60,540.00. Following the sale, the director directly owned 10,422 shares in the company, valued at approximately $420,631.92. The trade was a 12.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Enphase Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Compass Financial Management LLC bought a new stake in shares of Enphase Energy during the third quarter valued at approximately $1,199,000. Hollow Brook Wealth Management LLC purchased a new position in Enphase Energy in the 3rd quarter worth about $330,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Enphase Energy during the third quarter valued at approximately $1,650,000. ProShare Advisors LLC grew its holdings in shares of Enphase Energy by 32.7% during the third quarter. ProShare Advisors LLC now owns 20,437 shares of the semiconductor company’s stock valued at $674,000 after buying an additional 5,037 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of Enphase Energy in the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Key Enphase Energy News

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

• Positive Sentiment: Enphase entered into an agreement to sell up to $100 million of U.S. advanced manufacturing tax credits. The transaction should provide cash and monetize tax benefits, potentially supporting liquidity during the solar downturn. Enphase Energy enters into tax credit transfer agreement
• Neutral Sentiment: Management is pursuing longer-term opportunities in AI data-center power technology and EV charging while working through excess channel inventory. These initiatives could diversify Enphase beyond residential solar, but investors remain uncertain about their timing and ability to offset near-term weakness. Enphase Energy solar slump and AI data-center ambitions
• Negative Sentiment: Third-quarter adjusted earnings were $0.41 per share, below the $0.51 consensus estimate, while revenue of approximately $293.3 million missed expectations of $304.6 million and fell 28.5% year over year. Fourth-quarter guidance was also described as disappointing, reinforcing concerns about weak solar demand. Why Enphase shares are sliding
• Negative Sentiment: Oppenheimer, BMO Capital Markets, Sanford C. Bernstein and Roth Capital each issued more cautious views or reduced their price targets. The broadening analyst pessimism adds pressure to ENPH after the earnings miss and signals limited confidence in a near-term recovery. Enphase sinks on Q3 miss and analyst downgrades

Enphase Energy Company Profile

Enphase Energy, Inc develops and manufactures technology for residential and commercial solar energy systems. Its products include solar microinverters, which convert electricity generated by individual solar panels into usable power, along with integrated energy management technologies designed to improve system performance, monitoring and reliability.

The company also offers battery storage systems, electric vehicle chargers and software that enables customers, installers and utilities to monitor and manage distributed energy resources.