Enphase Energy, Inc. (NASDAQ:ENPH) Stock Has Consensus Target Price of $43.11

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have been given a consensus recommendation of “Hold” by the twenty-three research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $36.04.

A number of equities research analysts have recently issued reports on ENPH shares. The Goldman Sachs Group reduced their target price on shares of Enphase Energy from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday. TD Cowen cut their price target on Enphase Energy from $70.00 to $48.00 and set a “hold” rating for the company in a research note on Monday, July 20th. Northland Securities set a $37.50 price target on Enphase Energy in a research report on Wednesday. Jefferies Financial Group lowered their price objective on Enphase Energy from $54.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, September 21st. Finally, Barclays set a $26.00 price objective on Enphase Energy in a report on Wednesday.

Enphase Energy News Roundup

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

• Positive Sentiment: Enphase unveiled a 900-volt gallium-nitride power platform aimed at AI data centers. The company is also advancing its IQ Solid-State Transformer, which converts 13.8 kV AC to 800 VDC and could improve efficiency in high-density computing environments. However, commercial shipments are not expected until 2028. Enphase Energy Unveils 900 V GaN AI Data Center Power Platform
• Positive Sentiment: Management expects residential battery shipments to grow 50% in 2027 and is targeting more than $100 million in commercial solar and battery revenue. Planned products include the IQ Battery G5 and bidirectional EV chargers. Enphase Q3 Earnings: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: JPMorgan lowered its price target to $29 from $35 and kept a neutral rating, while BMO cut its target to $25 and assigned a market-perform rating. The reduced targets still range from limited upside to a more cautious view. JPMorgan analyst action
• Negative Sentiment: Third-quarter adjusted EPS was $0.41 versus a $0.51 consensus estimate, while revenue of $293.3 million missed expectations and declined 28.5% year over year. Profit also fell substantially from the prior-year quarter. Enphase Energy Q3 earnings report
• Negative Sentiment: Fourth-quarter revenue guidance of $225 million to $255 million implies another sequential decline and was well below analyst expectations. Management cited weak U.S. residential solar demand, elevated interest rates, the expiration of a federal tax credit, and softer international markets. Enphase tumbles after Q3 miss and weak guidance
• Negative Sentiment: Analysts responded with downgrades or lower targets, including Oppenheimer, Roth Capital, Morgan Stanley, Deutsche Bank, Bernstein, and BMO. Morgan Stanley’s $16 target and underweight rating indicate significant downside risk if the residential solar slump persists. Analysts cut Enphase price targets

Insider Buying and Selling at Enphase Energy

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

Hedge Funds Weigh In On Enphase Energy

A number of institutional investors have recently modified their holdings of ENPH. Handelsbanken Fonder AB boosted 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 valued at $103,953,000 after buying an additional 1,283,052 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Enphase Energy by 42.4% during the first quarter. First Trust Advisors LP now owns 1,834,416 shares of the semiconductor company’s stock worth $69,359,000 after buying an additional 546,460 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Enphase Energy by 37.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,361,157 shares of the semiconductor company’s stock worth $51,459,000 after buying an additional 373,212 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Enphase Energy by 79.2% during the first quarter. Principal Financial Group Inc. now owns 1,112,067 shares of the semiconductor company’s stock worth $42,047,000 after buying an additional 491,488 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Enphase Energy during the second quarter worth $43,921,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Performance

NASDAQ:ENPH opened at $24.99 on Monday. The stock has a 50 day simple moving average of $34.15 and a 200 day simple moving average of $41.06. The stock has a market cap of $3.30 billion, a P/E ratio of 24.99 and a beta of 1.64. Enphase Energy has a 1-year low of $23.83 and a 1-year high of $73.74. The company has a current ratio of 3.45, a quick ratio of 2.95 and a debt-to-equity ratio of 0.48.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, October 27th. The semiconductor company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). Enphase Energy had a return on equity of 13.31% and a net margin of 10.09%. The firm had revenue of $293.33 million for the quarter, compared to the consensus estimate of $304.59 million. During the same quarter in the previous year, the business earned $0.90 EPS. The firm’s quarterly revenue was down 28.5% on a year-over-year basis. Research analysts anticipate that Enphase Energy will post 0.66 earnings per share for the current year.

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.