Enphase Energy (NASDAQ:ENPH) Cut to “Neutral” at Roth Capital

Enphase Energy (NASDAQ:ENPH) was downgraded by stock analysts at Roth Capital from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, Briefing.com reports. They currently have a $30.00 price objective on the semiconductor company’s stock. Roth Capital‘s price objective would indicate a potential upside of 0.81% from the stock’s previous close.

Several other equities research analysts have also weighed in on ENPH. Weiss Ratings restated a “sell (d+)” rating on shares of Enphase Energy in a report on Friday, September 18th. Barclays reduced their price objective on Enphase Energy from $50.00 to $44.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 6th. Mizuho set a $34.00 target price on shares of Enphase Energy in a research note on Wednesday. Royal Bank Of Canada dropped their price objective on Enphase Energy from $54.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company reduced their target price on Enphase Energy from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Seven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.57.

Enphase Energy Stock Performance

NASDAQ ENPH opened at $29.76 on Wednesday. Enphase Energy has a twelve month low of $25.77 and a twelve month high of $73.74. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 29.76 and a beta of 1.64. The firm’s 50 day moving average price is $34.40 and its two-hundred day moving average price is $41.11.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, October 27th. The semiconductor company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). The business had revenue of $293.33 million for the quarter, compared to analysts’ expectations of $304.59 million. During the same quarter in the previous year, the company posted $0.90 EPS. The business’s revenue for the quarter was down 28.5% on a year-over-year basis. On average, research analysts forecast that Enphase Energy will post 0.66 EPS for the current fiscal year.

Insider Buying and Selling

In other Enphase Energy news, Director Richard Mora sold 2,000 shares of the stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $36.76, for a total value of $73,520.00. Following the completion of the sale, the director owned 11,922 shares in the company, valued at $438,252.72. This trade represents a 14.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Enphase Energy

Institutional investors have recently made changes to their positions in the stock. Handelsbanken Fonder AB raised its holdings in shares of Enphase Energy by 154.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 2,111,158 shares of the semiconductor company’s stock worth $103,953,000 after buying an additional 1,283,052 shares in the last quarter. First Trust Advisors LP increased its position in shares of Enphase Energy by 42.4% during the first quarter. First Trust Advisors LP now owns 1,834,416 shares of the semiconductor company’s stock worth $69,359,000 after buying an additional 546,460 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Enphase Energy by 37.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,361,157 shares of the semiconductor company’s stock worth $51,459,000 after acquiring an additional 373,212 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Enphase Energy in the second quarter valued at approximately $43,921,000. Finally, Principal Financial Group Inc. increased its stake in Enphase Energy by 79.2% in the first quarter. Principal Financial Group Inc. now owns 1,112,067 shares of the semiconductor company’s stock valued at $42,047,000 after purchasing an additional 491,488 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors.

Enphase Energy News Roundup

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

• Positive Sentiment: Enphase outlined a plan targeting approximately 50% battery growth in 2027, offering a potential longer-term growth catalyst as the company expands beyond its core microinverter business. Enphase outlines 50% 2027 battery growth plan
• Positive Sentiment: Enphase reported progress on its IQ Solid-State Transformer technology, successfully demonstrating conversion from 13.8 kV AC to 800 VDC. The technology could support future applications in AI data centers and high-power systems, although it is not yet a near-term revenue driver. IQ Solid-State Transformer demonstration
• Positive Sentiment: Goldman Sachs maintained a Buy rating and a $47 price target, citing progress in gallium-nitride bidirectional switches and Enphase’s AI-focused solid-state-transformer strategy. Goldman Sachs maintains Buy rating
• Neutral Sentiment: Management said global sell-through increased only about 1% sequentially in the third quarter, well below its earlier expectation of roughly 10%, leaving revenue near the low end of guidance. Weak sell-through and softer outlook
• Negative Sentiment: Third-quarter revenue fell 28.5% year over year to $293.3 million, while adjusted earnings of $0.41 per share missed the $0.51 consensus estimate. EPS also declined from $0.90 in the year-earlier quarter. Enphase third-quarter financial results
• Negative Sentiment: Fourth-quarter revenue guidance of $225 million to $255 million implies another sequential decline and came in below analysts’ expectations, intensifying concerns about near-term demand. Fourth-quarter revenue guidance
• Negative Sentiment: Oppenheimer downgraded ENPH from Outperform to Market Perform, while GLJ Research reiterated a Sell rating and lowered its price target to $21.49. These rating actions add pressure following the earnings disappointment. Oppenheimer downgrade

About Enphase Energy

Enphase Energy, Inc develops and manufactures technology for residential and commercial solar energy systems. Its products include solar microinverters, which convert electricity generated by individual solar panels into usable power, along with integrated energy management technologies designed to improve system performance, monitoring and reliability.

The company also offers battery storage systems, electric vehicle chargers and software that enables customers, installers and utilities to monitor and manage distributed energy resources.