Royal Bank Of Canada Cuts Enphase Energy (NASDAQ:ENPH) Price Target to $31.00

Enphase Energy (NASDAQ:ENPH) had its price target reduced by Royal Bank Of Canada from $33.00 to $31.00 in a research note released on Wednesday, Marketbeat Ratings reports. Royal Bank Of Canada currently has a sector perform rating on the semiconductor company’s stock.

ENPH has been the subject of a number of other reports. Barclays lifted their price target on shares of Enphase Energy from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Wednesday, October 8th. Susquehanna lowered their price target on shares of Enphase Energy from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $41.00 target price on shares of Enphase Energy in a report on Monday, September 29th. Wells Fargo & Company lifted their target price on shares of Enphase Energy from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, BMO Capital Markets reaffirmed an “underperform” rating and issued a $31.00 target price on shares of Enphase Energy in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and thirteen have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $44.71.

Enphase Energy Trading Up 1.3%

Shares of NASDAQ ENPH opened at $30.51 on Wednesday. Enphase Energy has a 1 year low of $29.89 and a 1 year high of $89.95. The stock has a market cap of $3.99 billion, a P/E ratio of 21.04 and a beta of 1.56. The firm has a 50-day moving average of $36.84 and a 200 day moving average of $39.70. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.82.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, October 28th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.30. Enphase Energy had a net margin of 12.93% and a return on equity of 25.67%. The company had revenue of $410.43 million during the quarter, compared to analysts’ expectations of $364.64 million. During the same period last year, the company posted $0.65 EPS. Enphase Energy’s revenue was up 7.8% on a year-over-year basis. Enphase Energy has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Enphase Energy will post 2.08 EPS for the current fiscal year.

Insider Transactions at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was bought at an average cost of $30.82 per share, for a total transaction of $154,100.00. Following the completion of the transaction, the chief executive officer owned 1,620,632 shares of the company’s stock, valued at $49,947,878.24. This represents a 0.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.

Institutional Trading of Enphase Energy

Large investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. grew its position in Enphase Energy by 83.0% during the first quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 258 shares during the period. SVB Wealth LLC bought a new position in shares of Enphase Energy in the first quarter worth approximately $38,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of 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 purchasing an additional 514 shares during the period. Brooklyn Investment Group boosted its position in shares of Enphase Energy by 124.7% in the first quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 368 shares during the period. Finally, Salomon & Ludwin LLC boosted its position in shares of Enphase Energy by 761.0% in the third quarter. Salomon & Ludwin LLC now owns 861 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 761 shares during the period. 72.12% of the stock is currently 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.