Insider Selling: Enphase Energy (NASDAQ:ENPH) Director Sells $32,473.00 in Stock

Enphase Energy, Inc. (NASDAQ:ENPH) Director Richard Mora sold 700 shares of the firm’s stock in a transaction 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Enphase Energy Stock Performance

Shares of Enphase Energy stock opened at $64.03 on Friday. The company has a market capitalization of $8.44 billion, a PE ratio of 63.40 and a beta of 1.26. Enphase Energy, Inc. has a 12 month low of $25.77 and a 12 month high of $64.94. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $39.20 and its 200 day simple moving average is $37.27.

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

Institutional Trading of Enphase Energy

Several hedge funds and other institutional investors have recently modified their holdings of ENPH. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Enphase Energy by 431.9% in the 2nd 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 during the period. Glass Jacobson Investment Advisors llc raised its stake in shares of Enphase Energy by 77.8% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 350 shares during the period. Stance Capital LLC acquired a new stake in shares of Enphase Energy in the 3rd quarter valued at about $32,000. Activest Wealth Management raised its stake in shares of Enphase Energy by 52,000.0% in 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, Ascentis Independent Advisors acquired a new stake in shares of Enphase Energy in the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Analyst Upgrades and Downgrades

ENPH has been the topic of several research analyst reports. Susquehanna dropped their price objective on Enphase Energy from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Roth Mkm reaffirmed a “buy” rating on shares of Enphase Energy in a research note on Friday. Weiss Ratings raised Enphase Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their price objective on Enphase Energy from $39.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Finally, BMO Capital Markets raised Enphase Energy from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $31.00 to $41.00 in a research note on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and an average price target of $42.78.

Enphase Energy News Roundup

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

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.