Richard Mora Sells 700 Shares of Enphase Energy (NASDAQ:ENPH) Stock

Enphase Energy, Inc. (NASDAQ:ENPH) Director Richard Mora sold 700 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $46.39, for a total transaction of $32,473.00. Following the completion of the transaction, the director owned 14,622 shares in the company, valued at approximately $678,314.58. This trade represents a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Enphase Energy Trading Up 2.7%

NASDAQ ENPH opened at $64.03 on Friday. Enphase Energy, Inc. has a 12 month low of $25.77 and a 12 month high of $64.94. The company has a 50-day moving average of $39.20 and a 200-day moving average of $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. The company has a market cap of $8.44 billion, a P/E ratio of 63.40 and a beta of 1.26.

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

Analysts Set New Price Targets

A number of research firms have recently commented on ENPH. Morgan Stanley set a $27.00 price objective on shares of Enphase Energy in a research note on Friday, May 8th. TD Cowen dropped their price objective on shares of Enphase Energy from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, April 29th. HSBC raised shares of Enphase Energy from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, February 4th. Mizuho set a $39.00 price objective on shares of Enphase Energy in a research note on Wednesday, February 4th. Finally, BMO Capital Markets raised shares of Enphase Energy from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $31.00 to $41.00 in a research report on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $42.78.

Institutional Trading of Enphase Energy

A number of institutional investors and hedge funds have recently bought and sold shares of ENPH. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in 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 worth $25,000 after purchasing an additional 514 shares in the last quarter. Glass Jacobson Investment Advisors llc boosted its holdings in Enphase Energy by 77.8% in the 4th 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. Stance Capital LLC acquired a new stake in Enphase Energy in the third quarter valued at approximately $32,000. Activest Wealth Management grew its position in Enphase Energy by 52,000.0% in 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 in the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in shares of Enphase Energy during the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Key Stories Impacting Enphase Energy

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.