Fideuram Asset Management Ireland dac Purchases New Position in Enphase Energy, Inc. $ENPH

Fideuram Asset Management Ireland dac purchased a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 65,026 shares of the semiconductor company’s stock, valued at approximately $2,084,000.

A number of other hedge funds also recently bought and sold shares of ENPH. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings 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 valued at $25,000 after purchasing an additional 514 shares during the period. Glass Jacobson Investment Advisors llc grew its holdings in shares of Enphase Energy by 77.8% during 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 purchased a new position in shares of Enphase Energy during the 3rd quarter worth approximately $32,000. Activest Wealth Management grew its holdings in shares of Enphase Energy by 52,000.0% during the 4th quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 1,040 shares during the period. Finally, Danske Bank A S purchased a new position in shares of Enphase Energy during the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Performance

Shares of ENPH opened at $68.36 on Friday. The company has a quick ratio of 3.20, a current ratio of 3.80 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average price is $41.57 and its 200-day moving average price is $38.57. Enphase Energy, Inc. has a 52 week low of $25.77 and a 52 week high of $73.74. The stock has a market cap of $9.01 billion, a P/E ratio of 67.68 and a beta of 1.26.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 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 firm had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $282.28 million. During the same period in the previous year, the firm posted $0.68 EPS. The business’s revenue for the quarter was down 20.6% compared to the same quarter last year. Equities research analysts anticipate that Enphase Energy, Inc. will post 0.84 earnings per share for the current fiscal year.

Key Enphase Energy News

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

• Positive Sentiment: TD Cowen doubled its price target on Enphase Energy to $70, reflecting improved valuation expectations and supporting the stock’s recent strength. Read More
• Positive Sentiment: Enphase was highlighted in articles about solar and clean-energy leaders, keeping the company visible to investors focused on the renewable-energy theme. Read More
• Positive Sentiment: News that PowerBridge expanded its energy portfolio through an Enphase patent acquisition may reinforce the value of Enphase’s intellectual property. Read More
• Neutral Sentiment: Some commentary focused on Enphase as an AI-infrastructure-related idea, but one Seeking Alpha piece argued that narrative may not amount to much, making the thesis uncertain. Read More
• Neutral Sentiment: Zacks noted Enphase has risen sharply since its last earnings report, but the article was mainly a performance update rather than a fresh fundamental catalyst. Read More
• Negative Sentiment: Bearish trading commentary flagged Enphase as potentially overextended and possibly in a short squeeze, which can increase the risk of a pullback if momentum fades. Read More
• Negative Sentiment: Market commentary also pointed out that short interest had jumped in May, adding to volatility risk even though the reported figures were unusual. Read More

Insider Transactions at Enphase Energy

In other news, Director Thurman J. Rodgers sold 137,250 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $43.61, for a total value of $5,985,472.50. Following the sale, the director directly owned 1,597,641 shares of the company’s stock, valued at $69,673,124.01. The trade was a 7.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard Mora sold 700 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 14,622 shares in the company, valued at approximately $678,314.58. This represents a 4.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

ENPH has been the topic of several research reports. Roth Mkm restated a “buy” rating on shares of Enphase Energy in a research report on Friday, May 22nd. TD Cowen lifted their price target on Enphase Energy from $35.00 to $70.00 and gave the company a “hold” rating in a research report on Friday. Jefferies Financial Group dropped their price target on Enphase Energy from $57.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Weiss Ratings upgraded Enphase Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Finally, Barclays dropped their price target on Enphase Energy from $31.00 to $30.00 and set an “underweight” rating on the stock in a research report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $44.24.

About Enphase Energy

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.