Insider Buying: Enphase Energy (NASDAQ:ENPH) CEO Acquires $267,500.00 in Stock

Enphase Energy, Inc. (NASDAQ:ENPH) CEO Badrinarayanan Kothandaraman bought 10,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was purchased at an average cost of $26.75 per share, for a total transaction of $267,500.00. Following the acquisition, the chief executive officer owned 1,655,632 shares in the company, valued at $44,288,156. The trade was a 0.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Enphase Energy Trading Up 3.7%

Shares of Enphase Energy stock opened at $31.55 on Thursday. The stock has a market capitalization of $4.17 billion, a P/E ratio of 47.09 and a beta of 1.44. The company has a quick ratio of 3.56, a current ratio of 4.09 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $33.16 and a 200 day simple moving average of $40.87. Enphase Energy, Inc. has a 12-month low of $23.83 and a 12-month high of $73.74.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, October 27th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). The firm had revenue of $293.33 million for the quarter, compared to the consensus estimate of $304.59 million. Enphase Energy had a net margin of 7.49% and a return on equity of 9.16%. The company’s revenue for the quarter was down 28.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.90 earnings per share. Research analysts expect that Enphase Energy, Inc. will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enphase Energy

Large investors have recently modified their holdings of the stock. Saturna Capital Corp grew its position in shares of Enphase Energy by 4.2% during the 1st quarter. Saturna Capital Corp now owns 10,957 shares of the semiconductor company’s stock worth $414,000 after buying an additional 442 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Enphase Energy by 4.9% during the first quarter. Janney Montgomery Scott LLC now owns 10,282 shares of the semiconductor company’s stock worth $389,000 after buying an additional 481 shares during the last quarter. Keybank National Association OH lifted its holdings in Enphase Energy by 3.9% in the first quarter. Keybank National Association OH now owns 12,733 shares of the semiconductor company’s stock valued at $481,000 after buying an additional 481 shares during the period. Archer Investment Corp acquired a new position in Enphase Energy in the second quarter valued at approximately $30,000. Finally, Green Alpha Advisors LLC lifted its holdings in Enphase Energy by 4.2% in the third quarter. Green Alpha Advisors LLC now owns 16,974 shares of the semiconductor company’s stock valued at $560,000 after buying an additional 686 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ENPH has been the topic of several recent analyst reports. Northland Securities set a $36.00 target price on Enphase Energy in a report on Wednesday, October 28th. Morgan Stanley dropped their price target on Enphase Energy from $24.00 to $16.00 and set an “underweight” rating for the company in a report on Wednesday, October 28th. UBS Group set a $56.00 price objective on Enphase Energy in a research report on Wednesday, July 29th. Royal Bank Of Canada cut their price objective on Enphase Energy from $41.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, October 28th. Finally, JPMorgan Chase & Co. reduced their price objective on Enphase Energy from $35.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 28th. Seven 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. According to data from MarketBeat.com, Enphase Energy currently has a consensus rating of “Hold” and a consensus target price of $35.11.

Enphase Energy News Summary

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

• Positive Sentiment: Solar and renewable-energy stocks rallied after Democrats won control of Congress, as investors reassessed the policy outlook for clean energy. The sector move is providing a lift to Enphase shares. Renewable energy stocks trade higher Clean-energy stocks rise after election
• Positive Sentiment: Enphase reported an IQ Solid-State Transformer milestone: its system converted medium-voltage AC to 800 VDC for AI data centers. The company plans higher-voltage demonstrations ahead of potential customer pilots targeted for 2027, offering a possible growth opportunity beyond its core solar business. 800 VDC AI data-center milestone
• Positive Sentiment: Director Shanker Trivedi bought 1,000 shares for about $30,590, following a recent purchase of 10,000 shares by CEO Badrinarayanan Kothandaraman. Insider buying may signal confidence, though it does not guarantee a recovery. Director share purchase
• Negative Sentiment: Enphase’s latest quarter missed analyst expectations: EPS was $0.41 versus $0.51 expected, revenue was $293.3 million versus $304.6 million expected, and revenue fell 28.5% year over year. Recent analyst price-target reductions underscore concerns about near-term demand and growth. Consensus price-target reduction

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.