Enphase Energy (NASDAQ:ENPH) CEO Badrinarayanan Kothandaraman Purchases 10,000 Shares of Company Stock

Enphase Energy, Inc. (NASDAQ:ENPH – Get Free Report) CEO Badrinarayanan Kothandaraman bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average price of $26.75 per share, with a total value of $267,500.00. Following the transaction, the chief executive officer directly owned 1,655,632 shares of the company’s stock, valued at $44,288,156. This represents a 0.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Enphase Energy Price Performance

ENPH traded up $2.28 on Monday, hitting $27.93. 8,882,140 shares of the company’s stock traded hands, compared to its average volume of 6,504,130. The company’s 50 day simple moving average is $33.63 and its 200-day simple moving average is $40.96. The company has a current ratio of 4.09, a quick ratio of 3.56 and a debt-to-equity ratio of 0.46. Enphase Energy, Inc. has a one year low of $23.83 and a one year high of $73.74. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 41.69 and a beta of 1.44.

Enphase Energy (NASDAQ:ENPH – Get Free Report) last posted its quarterly earnings results 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 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 previous year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was down 28.5% compared to the same quarter last year. As a group, research analysts anticipate that Enphase Energy, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

ENPH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on Enphase Energy from $35.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 28th. Susquehanna cut their price target on Enphase Energy from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, October 28th. Roth Capital downgraded Enphase Energy from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Wednesday, October 28th. BMO Capital Markets decreased their price objective on Enphase Energy from $28.00 to $25.00 and set a “market perform” rating on the stock in a report on Wednesday, October 28th. Finally, Craig Hallum set a $38.00 target price on Enphase Energy in a research report on Wednesday, October 28th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Enphase Energy currently has a consensus rating of “Hold” and an average target price of $35.11.

Get Our Latest Stock Report on ENPH

Enphase Energy News Roundup

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ENPH. Archer Investment Corp purchased a new position in Enphase Energy in the second quarter worth about $30,000. Burnham & Co LLC bought a new stake in shares of Enphase Energy in the 2nd quarter valued at approximately $34,000. Continuum Advisory LLC bought a new stake in shares of Enphase Energy in the 2nd quarter valued at approximately $42,000. Ascentis Independent Advisors bought a new stake in shares of Enphase Energy in the 1st quarter valued at approximately $33,000. Finally, Allworth Financial LP purchased a new position in shares of Enphase Energy in the 2nd quarter worth approximately $46,000. Institutional investors own 72.12% of the company’s stock.

About Enphase Energy

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Enphase Energy (NASDAQ:ENPH)

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