Militia Capital Management LLC Takes Position in Enphase Energy, Inc. $ENPH

Militia Capital Management LLC acquired a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,200 shares of the semiconductor company’s stock, valued at approximately $688,000.

Several other institutional investors have also bought and sold shares of ENPH. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Enphase Energy by 431.9% in the 2nd 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 in the last quarter. Glass Jacobson Investment Advisors llc raised its position in shares of Enphase Energy by 77.8% during 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 in the last quarter. Activest Wealth Management raised its position 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 buying an additional 1,040 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of Enphase Energy in the 1st quarter worth approximately $33,000. Finally, Danske Bank A S acquired a new stake in shares of Enphase Energy in the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ENPH shares. Morgan Stanley set a $27.00 price objective on shares of Enphase Energy in a research note on Friday, May 8th. Citigroup cut their target price on Enphase Energy from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday. Royal Bank Of Canada decreased their price target on Enphase Energy from $54.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday. Roth Capital reiterated a “buy” rating on shares of Enphase Energy in a research report on Friday, May 22nd. Finally, Susquehanna dropped their price objective on Enphase Energy from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday. Eight equities research 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 MarketBeat.com, Enphase Energy currently has a consensus rating of “Hold” and a consensus price target of $45.61.

Insider Activity at Enphase Energy

In other news, Director Richard Mora sold 2,000 shares of Enphase Energy stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $36.76, for a total value of $73,520.00. Following the transaction, the director directly owned 11,922 shares of the company’s stock, valued at $438,252.72. This trade represents a 14.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of $67.50 per share, for a total transaction of $337,500.00. Following the acquisition, the chief executive officer directly owned 1,645,632 shares of the company’s stock, valued at $111,080,160. This trade represents a 0.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 3,400 shares of company stock worth $150,933 in the last quarter. 2.90% of the stock is owned by company insiders.

Enphase Energy Price Performance

NASDAQ ENPH opened at $37.54 on Monday. Enphase Energy, Inc. has a 1 year low of $25.77 and a 1 year high of $73.74. The business’s fifty day moving average is $49.62 and its two-hundred day moving average is $43.82. The stock has a market capitalization of $4.96 billion, a P/E ratio of 37.54 and a beta of 1.64. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.95 and a current ratio of 3.45.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, July 28th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The company had revenue of $291.85 million during the quarter, compared to analyst estimates of $289.76 million. Enphase Energy had a return on equity of 13.31% and a net margin of 10.09%.The business’s revenue was down 19.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. On average, research analysts forecast that Enphase Energy, Inc. will post 0.82 earnings per share for the current fiscal year.

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.