488,852 Shares in Enphase Energy, Inc. $ENPH Purchased by Electron Capital Partners LLC

Electron Capital Partners LLC purchased a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 488,852 shares of the semiconductor company’s stock, valued at approximately $18,483,000.

Other institutional investors also recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Enphase Energy by 431.9% during 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 buying an additional 514 shares in the last quarter. Glass Jacobson Investment Advisors llc raised its position 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 worth $26,000 after acquiring an additional 350 shares during the period. Activest Wealth Management lifted 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 purchasing an additional 1,040 shares in the last quarter. Ascentis Independent Advisors purchased a new position in Enphase Energy during the first quarter valued at $33,000. Finally, Danske Bank A S acquired a new stake in shares of Enphase Energy in the third quarter valued at about $39,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Enphase Energy

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

Enphase Energy Stock Performance

NASDAQ ENPH opened at $38.01 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.20 and a current ratio of 3.80. The stock’s fifty day moving average is $51.21 and its two-hundred day moving average is $43.79. The firm has a market capitalization of $5.01 billion, a P/E ratio of 37.63 and a beta of 1.62. Enphase Energy, Inc. has a fifty-two week low of $25.77 and a fifty-two week high of $73.74.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The business had revenue of $282.90 million during the quarter, compared to the consensus estimate of $282.27 million. During the same period last year, the company earned $0.68 EPS. The company’s revenue for the quarter was down 20.6% on a year-over-year basis. On average, research analysts anticipate that Enphase Energy, Inc. will post 0.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

ENPH has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Enphase Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. lowered their price objective on Enphase Energy from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Citigroup reiterated a “neutral” rating on shares of Enphase Energy in a research note on Wednesday, July 22nd. UBS Group set a $85.00 target price on Enphase Energy in a report on Friday, May 22nd. Finally, Sanford C. Bernstein started coverage on Enphase Energy in a research report on Tuesday, June 16th. They issued a “market perform” rating and a $56.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $46.90.

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.