16,288 Shares in Enphase Energy, Inc. $ENPH Purchased by Green Alpha Advisors LLC

Green Alpha Advisors LLC purchased a new position in Enphase Energy, Inc. (NASDAQ:ENPH) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,288 shares of the semiconductor company’s stock, valued at approximately $802,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Enphase Energy by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 16,329,647 shares of the semiconductor company’s stock worth $523,365,000 after purchasing an additional 246,876 shares during the last quarter. Norges Bank acquired a new stake in Enphase Energy during the fourth quarter valued at approximately $118,190,000. Invesco Ltd. boosted its holdings in Enphase Energy by 36.2% during the fourth quarter. Invesco Ltd. now owns 3,158,931 shares of the semiconductor company’s stock worth $101,244,000 after buying an additional 839,468 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Enphase Energy by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,510,509 shares of the semiconductor company’s stock worth $80,478,000 after buying an additional 11,220 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in Enphase Energy by 154.9% in the second quarter. Handelsbanken Fonder AB now owns 2,111,158 shares of the semiconductor company’s stock worth $103,953,000 after buying an additional 1,283,052 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Price Performance

NASDAQ ENPH opened at $38.61 on Friday. The company has a 50 day simple moving average of $42.82 and a 200-day simple moving average of $44.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.45 and a quick ratio of 2.95. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 38.61 and a beta of 1.64. Enphase Energy, Inc. has a 52-week low of $25.77 and a 52-week high of $73.74.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). Enphase Energy had a net margin of 10.09% and a return on equity of 13.31%. The company had revenue of $291.85 million for the quarter, compared to analysts’ expectations of $289.76 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was down 19.6% on a year-over-year basis. Equities research analysts predict that Enphase Energy, Inc. will post 0.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Enphase Energy news, Director Richard Mora sold 1,500 shares of Enphase Energy 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 completion of the sale, the director owned 10,422 shares of the company’s stock, valued at $420,631.92. This trade represents a 12.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Shanker Trivedi purchased 1,000 shares of the stock in a transaction dated Friday, June 12th. The shares were bought at an average price of $53.91 per share, for a total transaction of $53,910.00. Following the completion of the acquisition, the director owned 1,000 shares in the company, valued at $53,910. This represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 4,200 shares of company stock worth $179,000 in the last quarter. 2.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ENPH shares. Susquehanna cut their price objective on Enphase Energy from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Barclays raised Enphase Energy from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $30.00 to $51.00 in a report on Thursday, June 18th. Mizuho dropped their price target on Enphase Energy from $54.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. UBS Group set a $56.00 price objective on Enphase Energy in a report on Wednesday, July 29th. Finally, Wells Fargo & Company reduced their price objective on shares of Enphase Energy from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Enphase Energy presently has a consensus rating of “Hold” and a consensus price target of $45.79.

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.