Enphase Energy (NASDAQ:ENPH) Stock Gets Price Target Trim from Morgan Stanley

Enphase Energy (NASDAQ:ENPH) had its price target lowered by Morgan Stanley from $24.00 to $16.00 in a research note published on Wednesday, MarketBeat reports. Morgan Stanley currently has an underweight rating on the semiconductor company’s stock.

Several other research analysts have also commented on the company. Wells Fargo & Company cut their price objective on Enphase Energy from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Citigroup decreased their price objective on shares of Enphase Energy from $40.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 29th. Barclays lowered their target price on shares of Enphase Energy from $50.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Royal Bank Of Canada dropped their target price on shares of Enphase Energy from $54.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Finally, BMO Capital Markets cut their price target on shares of Enphase Energy from $37.00 to $28.00 and set a “market perform” rating for the company in a research note on Wednesday, October 21st. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.11.

Enphase Energy Price Performance

NASDAQ:ENPH opened at $25.65 on Wednesday. Enphase Energy has a 52-week low of $23.83 and a 52-week high of $73.74. The stock has a fifty day moving average of $33.63 and a 200 day moving average of $40.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.95 and a current ratio of 4.09. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 38.28 and a beta of 1.64.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, October 27th. The semiconductor company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). Enphase Energy had a return on equity of 9.16% and a net margin of 7.49%. The business had revenue of $293.33 million during the quarter, compared to the consensus estimate of $304.59 million. During the same quarter in the prior year, the company earned $0.90 earnings per share. Enphase Energy’s revenue was down 28.5% compared to the same quarter last year. On average, research analysts expect that Enphase Energy will post 0.66 EPS for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Enphase Energy

Several institutional investors have recently modified their holdings of ENPH. Archer Investment Corp purchased a new position in shares of Enphase Energy during the 2nd quarter valued at about $30,000. Burnham & Co LLC bought a new stake in Enphase Energy in the 2nd quarter worth approximately $34,000. Continuum Advisory LLC purchased a new stake in Enphase Energy in the second quarter worth approximately $42,000. Ascentis Independent Advisors purchased a new stake in Enphase Energy in the first quarter worth approximately $33,000. Finally, Allworth Financial LP purchased a new stake in Enphase Energy in the second quarter worth approximately $46,000. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy News Roundup

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

• Positive Sentiment: Enphase entered into an agreement to sell up to $100 million of U.S. advanced manufacturing tax credits. The transaction should provide cash and monetize tax benefits, potentially supporting liquidity during the solar downturn. Enphase Energy enters into tax credit transfer agreement
• Neutral Sentiment: Management is pursuing longer-term opportunities in AI data-center power technology and EV charging while working through excess channel inventory. These initiatives could diversify Enphase beyond residential solar, but investors remain uncertain about their timing and ability to offset near-term weakness. Enphase Energy solar slump and AI data-center ambitions
• Negative Sentiment: Third-quarter adjusted earnings were $0.41 per share, below the $0.51 consensus estimate, while revenue of approximately $293.3 million missed expectations of $304.6 million and fell 28.5% year over year. Fourth-quarter guidance was also described as disappointing, reinforcing concerns about weak solar demand. Why Enphase shares are sliding
• Negative Sentiment: Oppenheimer, BMO Capital Markets, Sanford C. Bernstein and Roth Capital each issued more cautious views or reduced their price targets. The broadening analyst pessimism adds pressure to ENPH after the earnings miss and signals limited confidence in a near-term recovery. Enphase sinks on Q3 miss and analyst downgrades

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.