Profund Advisors LLC Acquires 10,664 Shares of Enphase Energy, Inc. $ENPH

Profund Advisors LLC raised its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 109.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 20,392 shares of the semiconductor company’s stock after buying an additional 10,664 shares during the period. Profund Advisors LLC’s holdings in Enphase Energy were worth $654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised 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 acquiring an additional 514 shares during the period. Glass Jacobson Investment Advisors llc raised its holdings in Enphase Energy by 77.8% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 350 shares during the period. Stance Capital LLC bought a new stake in Enphase Energy during the third quarter valued at about $32,000. Activest Wealth Management raised its holdings in Enphase Energy by 52,000.0% during the fourth quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 1,040 shares during the period. Finally, Danske Bank A S bought a new stake in Enphase Energy during the third quarter valued at about $39,000. 72.12% of the stock is owned by institutional investors.

Insider Activity at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 137,250 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $43.61, for a total transaction of $5,985,472.50. Following the sale, the director directly owned 1,597,641 shares of the company’s stock, valued at $69,673,124.01. The trade was a 7.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard Mora sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $46.39, for a total value of $32,473.00. Following the sale, the director directly owned 14,622 shares in the company, valued at $678,314.58. The trade was a 4.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.90% of the company’s stock.

Key Enphase Energy News

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

• Positive Sentiment: Goldman Sachs raised its price target on Enphase Energy and kept a bullish stance, which helped fuel a strong rally in the stock and pushed it to a new 52-week high. Enphase (ENPH) Hits New Record High on Bullish Rating, PT Upgrade
• Positive Sentiment: Goldman also pointed to a potential opportunity in data center transformers, giving Enphase a new growth narrative beyond residential solar and supporting the stock’s upward momentum. Enphase powers to 52-week high as Goldman points to data center transformer opportunity
• Positive Sentiment: Enphase published a technical white paper on GaN technology for next-generation power electronics, highlighting ongoing product innovation and long-term platform development. Enphase Energy Publishes Technical White Paper on GaN Technology for Next-Generation Distributed Power Electronics
• Positive Sentiment: The company launched PowerMatch software for IQ Battery systems, which could improve efficiency and strengthen its storage product appeal. Enphase PowerMatch Launch Sparks Questions On Growth Versus Valuation Risk
• Neutral Sentiment: Director Richard Mora sold 700 shares in a routine insider transaction; the sale was relatively small and does not appear to signal a major shift in fundamentals. Enphase Energy (NASDAQ:ENPH) Director Richard Mora Sells 700 Shares

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Roth Mkm reissued a “buy” rating on shares of Enphase Energy in a report on Friday. UBS Group set a $85.00 target price on Enphase Energy in a report on Friday. Citigroup reduced their target price on Enphase Energy from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Mizuho set a $39.00 target price on Enphase Energy in a report on Wednesday, February 4th. Finally, Weiss Ratings raised Enphase Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.78.

Enphase Energy Trading Up 2.7%

Shares of NASDAQ ENPH opened at $64.03 on Friday. The business’s 50 day moving average is $39.20 and its two-hundred day moving average is $37.27. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.80 and a quick ratio of 3.20. Enphase Energy, Inc. has a 1-year low of $25.77 and a 1-year high of $64.94. The stock has a market capitalization of $8.44 billion, a P/E ratio of 63.40 and a beta of 1.26.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The company had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $282.28 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The firm’s revenue for the quarter was down 20.6% on a year-over-year basis. As a group, research analysts expect that Enphase Energy, Inc. will post 0.84 EPS for the current year.

Enphase Energy Company 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.