Enphase Energy, Inc. $ENPH Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 22.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 58,645 shares of the semiconductor company’s stock after selling 17,411 shares during the period. Rockefeller Capital Management L.P.’s holdings in Enphase Energy were worth $1,880,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Enphase Energy by 431.9% during the second 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 in the last quarter. Glass Jacobson Investment Advisors llc increased its stake in shares of 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 purchasing an additional 350 shares in the last quarter. Stance Capital LLC purchased a new stake in shares of Enphase Energy during the third quarter worth about $32,000. Activest Wealth Management raised its position 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 purchasing an additional 1,040 shares during the last quarter. Finally, Danske Bank A S acquired a new position in shares of Enphase Energy during the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Insider Transactions at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price of $67.50 per share, with a total value of $337,500.00. Following the completion of the acquisition, the chief executive officer owned 1,645,632 shares in the company, valued at $111,080,160. This trade represents a 0.30% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard Mora sold 700 shares of Enphase Energy stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $64.20, for a total value of $44,940.00. Following the transaction, the director owned 13,922 shares in the company, valued at approximately $893,792.40. The trade was a 4.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.90% of the company’s stock.

Enphase Energy Stock Performance

ENPH opened at $49.24 on Wednesday. The firm has a market capitalization of $6.49 billion, a PE ratio of 48.75 and a beta of 1.59. Enphase Energy, Inc. has a twelve month low of $25.77 and a twelve month high of $73.74. The firm’s 50-day moving average price is $49.60 and its 200 day moving average price is $42.53. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.52.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The company had revenue of $282.90 million during the quarter, compared to analysts’ expectations of $282.27 million. Enphase Energy had a net margin of 9.64% and a return on equity of 16.88%. Enphase Energy’s revenue was down 20.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS. As a group, sell-side analysts expect that Enphase Energy, Inc. will post 0.85 EPS for the current fiscal year.

Key Enphase Energy News

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

• Positive Sentiment: Enphase announced it joined the Open Compute Project as a Platinum Member to help develop power standards for AI data centers, giving the stock a fresh growth narrative beyond residential solar. Enphase Energy Joins Open Compute Project as Platinum Member to Help Advance AI Data Center Power Standards
• Positive Sentiment: Northland Capital reportedly named Enphase a preferred pick, citing rising electricity costs and heat-related demand, which helped fuel a sharp premarket move. Northland Capital Names Enphase a Preferred Pick
• Positive Sentiment: Shares are also getting a boost from reports that U.S. regulators may move to restrict imports of foreign, especially Chinese, inverters, a potential competitive advantage for domestic suppliers like Enphase. TSLA, ENPH, SEDG: Clean Energy Stocks Jump as U.S. Plans Ban on Chinese Inverters
• Positive Sentiment: Options activity was unusually heavy, with traders buying far more call options than normal, suggesting speculative bullish sentiment. These Solar Stocks Could Benefit Most From A Chinese Inverter Ban
• Neutral Sentiment: Some commentary remains cautious, with one analysis saying Enphase’s inverter and battery recovery prospects are still underwhelming, which could limit upside if the new catalysts fade. Enphase Energy: Nascent Data Center Opportunities – Underwhelming Inverter/Battery Recovery Prospects

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein began coverage on Enphase Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $56.00 price objective on the stock. The Goldman Sachs Group increased their target price on Enphase Energy from $51.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Glj Research restated a “sell” rating and issued a $21.70 target price on shares of Enphase Energy in a research report on Thursday, June 11th. Weiss Ratings raised Enphase Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group boosted their price target on Enphase Energy from $41.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and a consensus target price of $46.57.

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.