Aigen Investment Management LP Makes New Investment in Enphase Energy, Inc. $ENPH

Aigen Investment Management LP acquired a new position in Enphase Energy, Inc. (NASDAQ:ENPH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,662 shares of the semiconductor company’s stock, valued at approximately $374,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Enphase Energy by 431.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock worth $25,000 after buying an additional 514 shares during the period. Glass Jacobson Investment Advisors llc lifted its holdings in Enphase Energy by 77.8% in the fourth 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 period. Stance Capital LLC purchased a new stake in Enphase Energy in the third quarter worth about $32,000. Activest Wealth Management lifted its holdings in Enphase Energy by 52,000.0% in the fourth 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 during the period. Finally, Danske Bank A S purchased a new stake in Enphase Energy in the third quarter worth about $39,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ENPH has been the subject of a number of analyst reports. Susquehanna decreased their target price on shares of Enphase Energy from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Evercore set a $37.00 target price on shares of Enphase Energy in a research note on Monday, May 4th. Citigroup decreased their target price on shares of Enphase Energy from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Enphase Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, June 5th. Finally, Roth Mkm reissued a “buy” rating on shares of Enphase Energy in a research report on Friday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $44.65.

Insiders Place Their Bets

In other Enphase Energy news, Director Richard Mora sold 700 shares of Enphase Energy stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $64.20, for a total value of $44,940.00. Following the completion of the sale, the director owned 13,922 shares of the company’s stock, valued at approximately $893,792.40. The trade was a 4.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shanker Trivedi purchased 1,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $53.91 per share, for a total transaction of $53,910.00. Following the purchase, the director directly owned 1,000 shares in the company, valued at approximately $53,910. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.90% of the stock is currently owned by insiders.

Enphase Energy Trading Down 4.0%

NASDAQ:ENPH opened at $52.40 on Tuesday. 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, Inc. has a 12 month low of $25.77 and a 12 month high of $73.74. The company has a market cap of $6.91 billion, a PE ratio of 51.88 and a beta of 1.59. The company has a 50 day simple moving average of $45.87 and a two-hundred day simple moving average of $41.03.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 EPS for the quarter, topping 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 business had revenue of $282.90 million during the quarter, compared to the consensus estimate of $282.28 million. During the same quarter in the previous year, the firm posted $0.68 EPS. The firm’s revenue was down 20.6% on a year-over-year basis. Research analysts forecast that Enphase Energy, Inc. will post 0.84 earnings per share for the current year.

Enphase Energy 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.