Enphase Energy (NASDAQ:ENPH) Stock Rating Upgraded by Zacks Research

Zacks Research upgraded shares of Enphase Energy (NASDAQ:ENPH) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

Several other brokerages also recently commented on ENPH. Bank of America cut their target price on Enphase Energy from $31.00 to $30.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 23rd. Jefferies Financial Group restated a “hold” rating and issued a $41.00 price target on shares of Enphase Energy in a research note on Monday. Barclays raised their price target on Enphase Energy from $28.00 to $29.00 and gave the stock an “underweight” rating in a research note on Thursday, July 24th. TD Cowen dropped their price target on Enphase Energy from $45.00 to $40.00 and set a “hold” rating on the stock in a research note on Wednesday, July 23rd. Finally, Johnson Rice downgraded Enphase Energy from a “buy” rating to an “accumulate” rating and set a $45.00 price target on the stock. in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and twelve have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and a consensus price target of $55.82.

Enphase Energy Stock Performance

Shares of ENPH opened at $37.74 on Wednesday. The business’s fifty day simple moving average is $36.02 and its two-hundred day simple moving average is $43.07. The company has a current ratio of 1.97, a quick ratio of 1.82 and a debt-to-equity ratio of 0.65. Enphase Energy has a 12 month low of $29.89 and a 12 month high of $109.50. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 29.48 and a beta of 1.56.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. Enphase Energy had a return on equity of 24.55% and a net margin of 11.78%.The business had revenue of $363.15 million for the quarter, compared to the consensus estimate of $359.14 million. During the same period last year, the business posted $0.43 EPS. The company’s revenue was up 19.7% compared to the same quarter last year. Enphase Energy has set its Q3 2025 guidance at EPS. Research analysts anticipate that Enphase Energy will post 2.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were acquired at an average cost of $30.82 per share, with a total value of $154,100.00. Following the completion of the acquisition, the chief executive officer directly owned 1,620,632 shares in the company, valued at $49,947,878.24. The trade was a 0.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enphase Energy

A number of institutional investors and hedge funds have recently bought and sold shares of ENPH. Parallel Advisors LLC raised its holdings in Enphase Energy by 84.0% during the first quarter. Parallel Advisors LLC now owns 2,359 shares of the semiconductor company’s stock valued at $146,000 after acquiring an additional 1,077 shares during the period. Rhumbline Advisers raised its holdings in Enphase Energy by 12.8% during the first quarter. Rhumbline Advisers now owns 293,168 shares of the semiconductor company’s stock valued at $18,191,000 after acquiring an additional 33,350 shares during the period. Merit Financial Group LLC bought a new stake in Enphase Energy during the first quarter valued at about $209,000. RFG Advisory LLC bought a new stake in Enphase Energy during the first quarter valued at about $342,000. Finally, Intellectus Partners LLC raised its holdings in Enphase Energy by 7.8% during the first quarter. Intellectus Partners LLC now owns 16,350 shares of the semiconductor company’s stock valued at $1,014,000 after acquiring an additional 1,180 shares during the period. 72.12% of the stock is owned by institutional investors.

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.