Militia Capital Management LLC Acquires New Position in Enphase Energy, Inc. $ENPH

Militia Capital Management LLC bought a new position in Enphase Energy, Inc. (NASDAQ:ENPH) in the 1st quarter, Holdings Channel reports. The fund bought 18,200 shares of the semiconductor company’s stock, valued at approximately $688,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Enphase Energy by 431.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 514 shares in the last quarter. Glass Jacobson Investment Advisors llc increased its stake in shares of 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 purchasing an additional 350 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in shares of Enphase Energy in the first quarter worth $33,000. Activest Wealth Management raised its position in shares of Enphase Energy by 52,000.0% during the 4th quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 1,040 shares during the period. Finally, Danske Bank A S bought a new stake in shares of Enphase Energy during the 3rd quarter valued at $39,000. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH opened at $38.89 on Friday. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 38.51 and a beta of 1.62. The firm has a fifty day moving average price of $51.77 and a 200 day moving average price of $43.75. Enphase Energy, Inc. has a fifty-two week low of $25.77 and a fifty-two week high of $73.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.20 and a current ratio of 3.80.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $282.90 million for the quarter, compared to the consensus estimate of $282.27 million. Enphase Energy had a net margin of 9.64% and a return on equity of 16.88%. Enphase Energy’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. As a group, sell-side analysts expect that Enphase Energy, Inc. will post 0.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup restated a “neutral” rating on shares of Enphase Energy in a research note on Wednesday. Roth Capital reissued a “buy” rating on shares of Enphase Energy in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Enphase Energy from $39.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Morgan Stanley set a $27.00 price objective on Enphase Energy in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. cut their target price on Enphase Energy from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Nine 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.90.

Insider Activity

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

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.