Enphase Energy (NASDAQ:ENPH) Director Richard Mora Sells 1,500 Shares of Stock

Enphase Energy, Inc. (NASDAQ:ENPH) Director Richard Mora sold 1,500 shares of Enphase Energy stock in a transaction on Friday, August 14th. The stock was sold at an average price of $40.36, for a total transaction of $60,540.00. Following the completion of the transaction, the director owned 10,422 shares in the company, valued at $420,631.92. This trade represents a 12.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Richard Mora also recently made the following trade(s):

• On Thursday, July 30th, Richard Mora sold 2,000 shares of Enphase Energy stock. The shares were sold at an average price of $36.76, for a total transaction of $73,520.00.
• On Monday, June 1st, Richard Mora sold 700 shares of Enphase Energy stock. The shares were sold at an average price of $64.20, for a total value of $44,940.00.
• On Tuesday, May 19th, Richard Mora sold 700 shares of Enphase Energy stock. The stock was sold at an average price of $46.39, for a total value of $32,473.00.

Enphase Energy Price Performance

NASDAQ ENPH opened at $40.48 on Friday. The stock has a 50-day simple moving average of $44.38 and a 200 day simple moving average of $44.06. Enphase Energy, Inc. has a twelve month low of $25.77 and a twelve month high of $73.74. The stock has a market capitalization of $5.35 billion, a PE ratio of 40.48 and a beta of 1.64. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.95 and a current ratio of 3.45.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, July 28th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The business had revenue of $291.85 million during the quarter, compared to analyst estimates of $289.76 million. Enphase Energy had a net margin of 10.09% and a return on equity of 13.31%. The business’s quarterly revenue was down 19.6% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. Research analysts anticipate that Enphase Energy, Inc. will post 0.78 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ENPH. Oppenheimer lowered their price objective on shares of Enphase Energy from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Sanford C. Bernstein began coverage on shares of Enphase Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $56.00 price target for the company. Morgan Stanley set a $27.00 price target on shares of Enphase Energy in a research report on Friday, May 8th. Weiss Ratings upgraded shares of Enphase Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Finally, The Goldman Sachs Group upped their price objective on shares of Enphase Energy from $51.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Eight investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and an average price target of $45.61.

Institutional Investors Weigh In On Enphase Energy

Large investors have recently modified their holdings of the stock. PFG Investments LLC raised its holdings in shares of Enphase Energy by 2.2% in the 4th quarter. PFG Investments LLC now owns 12,191 shares of the semiconductor company’s stock worth $391,000 after buying an additional 260 shares in the last quarter. Maryland State Retirement & Pension System grew its position in Enphase Energy by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 26,375 shares of the semiconductor company’s stock valued at $845,000 after acquiring an additional 404 shares during the period. Rakuten Securities Inc. raised its stake in Enphase Energy by 33.6% during the second quarter. Rakuten Securities Inc. now owns 1,629 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 410 shares in the last quarter. Saturna Capital Corp raised its stake in Enphase Energy by 4.2% during the first quarter. Saturna Capital Corp now owns 10,957 shares of the semiconductor company’s stock worth $414,000 after acquiring an additional 442 shares in the last quarter. Finally, Liberty Wealth Management LLC lifted its holdings in shares of Enphase Energy by 0.3% during the fourth quarter. Liberty Wealth Management LLC now owns 130,067 shares of the semiconductor company’s stock valued at $4,169,000 after acquiring an additional 453 shares during the period. 72.12% of the stock is currently owned by institutional investors.

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.