11,110 Shares in Enphase Energy, Inc. $ENPH Bought by Capital Innovations LLC

Capital Innovations LLC acquired a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,110 shares of the semiconductor company’s stock, valued at approximately $356,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Enphase Energy by 431.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 514 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its position in shares of Enphase Energy by 77.8% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock worth $26,000 after buying an additional 350 shares during the last quarter. Stance Capital LLC purchased a new position in shares of Enphase Energy in the 3rd quarter worth approximately $32,000. Activest Wealth Management raised its stake in shares of Enphase Energy by 52,000.0% during the 4th quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in Enphase Energy during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Trading Up 13.5%

Shares of Enphase Energy stock opened at $72.33 on Wednesday. The firm’s 50 day simple moving average is $41.95 and its two-hundred day simple moving average is $38.85. The firm has a market capitalization of $9.53 billion, a price-to-earnings ratio of 71.61 and a beta of 1.60. Enphase Energy, Inc. has a 12-month low of $25.77 and a 12-month high of $73.74. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.52.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Enphase Energy had a net margin of 9.64% and a return on equity of 16.88%. The firm had revenue of $282.90 million for the quarter, compared to analyst estimates of $282.28 million. During the same period in the previous year, the company earned $0.68 earnings per share. The business’s quarterly revenue was down 20.6% compared to the same quarter last year. Analysts predict that Enphase Energy, Inc. will post 0.84 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of Enphase Energy stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average cost of $67.50 per share, for a total transaction of $337,500.00. Following the completion of the purchase, the chief executive officer directly owned 1,645,632 shares in the company, valued at $111,080,160. This trade represents a 0.30% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thurman J. Rodgers sold 137,250 shares of Enphase Energy stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $43.61, for a total value of $5,985,472.50. Following the sale, the director directly owned 1,597,641 shares of the company’s stock, valued at $69,673,124.01. This trade represents a 7.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ENPH shares. Royal Bank Of Canada upgraded shares of Enphase Energy from a “sector perform” rating to an “outperform” rating and set a $54.00 target price for the company in a research note on Wednesday, February 4th. Mizuho set a $39.00 price objective on Enphase Energy in a report on Wednesday, February 4th. Citigroup lowered their price objective on Enphase Energy from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. BMO Capital Markets raised Enphase Energy from an “underperform” rating to a “market perform” rating and upped their target price for the company from $31.00 to $41.00 in a research report on Wednesday, February 4th. Finally, UBS Group set a $85.00 target price on Enphase Energy in a research report on Friday, May 22nd. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $44.24.

Enphase Energy Company 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.