Q4 2024 EPS Estimates for Enphase Energy, Inc. Reduced by Northland Capmk (NASDAQ:ENPH)

Enphase Energy, Inc. (NASDAQ:ENPH) – Equities researchers at Northland Capmk dropped their Q4 2024 earnings per share estimates for Enphase Energy in a report released on Wednesday, April 24th. Northland Capmk analyst G. Richard now forecasts that the semiconductor company will post earnings per share of $0.60 for the quarter, down from their prior estimate of $0.73. The consensus estimate for Enphase Energy’s current full-year earnings is $1.96 per share.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The firm had revenue of $302.57 million during the quarter, compared to analyst estimates of $327.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%.

A number of other analysts have also recently weighed in on ENPH. Piper Sandler restated a “neutral” rating and issued a $111.00 price target (down from $113.00) on shares of Enphase Energy in a research note on Wednesday. Citigroup cut Enphase Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $126.00 to $121.00 in a research note on Friday, April 5th. Barclays upgraded Enphase Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $115.00 to $134.00 in a research note on Friday. Craig Hallum cut their price target on Enphase Energy from $159.00 to $147.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Guggenheim cut Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 price target on the stock. in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $137.41.

Enphase Energy Stock Up 3.8 %

Enphase Energy stock opened at $111.93 on Friday. Enphase Energy has a 1-year low of $73.49 and a 1-year high of $192.22. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 4.19. The stock has a market cap of $15.23 billion, a PE ratio of 58.30, a P/E/G ratio of 3.17 and a beta of 1.47. The stock’s fifty day moving average is $117.82 and its two-hundred day moving average is $111.85.

Institutional Investors Weigh In On Enphase Energy

Institutional investors have recently modified their holdings of the company. Donoghue Forlines LLC lifted its stake in Enphase Energy by 4.8% in the 4th quarter. Donoghue Forlines LLC now owns 1,953 shares of the semiconductor company’s stock valued at $258,000 after buying an additional 90 shares in the last quarter. Fermata Advisors LLC lifted its stake in Enphase Energy by 1.4% in the 1st quarter. Fermata Advisors LLC now owns 7,070 shares of the semiconductor company’s stock valued at $855,000 after buying an additional 100 shares in the last quarter. Fulton Breakefield Broenniman LLC lifted its stake in Enphase Energy by 0.9% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 11,386 shares of the semiconductor company’s stock valued at $1,505,000 after buying an additional 107 shares in the last quarter. VitalStone Financial LLC lifted its stake in Enphase Energy by 14.3% in the 4th quarter. VitalStone Financial LLC now owns 888 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 111 shares in the last quarter. Finally, E Fund Management Co. Ltd. lifted its stake in Enphase Energy by 5.5% in the 3rd quarter. E Fund Management Co. Ltd. now owns 2,526 shares of the semiconductor company’s stock valued at $303,000 after buying an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 4,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of $120.54 per share, with a total value of $482,160.00. Following the acquisition, the chief executive officer now owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Badrinarayanan Kothandaraman purchased 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average price of $120.54 per share, with a total value of $482,160.00. Following the purchase, the chief executive officer now directly owns 1,655,171 shares of the company’s stock, valued at $199,514,312.34. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the sale, the executive vice president now directly owns 124,948 shares in the company, valued at approximately $13,605,587.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,285 shares of company stock valued at $6,148,228. 3.40% of the stock is owned by corporate insiders.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.