Militia Capital Management LLC Invests $688,000 in Enphase Energy, Inc. $ENPH

Militia Capital Management LLC purchased a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 18,200 shares of the semiconductor company’s stock, valued at approximately $688,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Enphase Energy by 431.9% in 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 buying an additional 514 shares during the period. Glass Jacobson Investment Advisors llc boosted its stake 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 valued at $26,000 after buying an additional 350 shares during the period. Activest Wealth Management boosted its stake 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 valued at $33,000 after buying an additional 1,040 shares during the period. Ascentis Independent Advisors purchased a new position in shares of Enphase Energy during the 1st quarter valued at $33,000. Finally, Danske Bank A S purchased a new position in shares of Enphase Energy during the 3rd quarter valued at $39,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Enphase Energy from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Roth Capital reissued a “buy” rating on shares of Enphase Energy in a research note on Friday, May 22nd. UBS Group set a $56.00 price objective on Enphase Energy in a report on Wednesday. Weiss Ratings raised shares of Enphase Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Finally, BMO Capital Markets cut their price objective on shares of Enphase Energy from $39.00 to $37.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Enphase Energy currently has an average rating of “Hold” and an average target price of $45.61.

Insider Activity at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of $67.50 per share, with a total value of $337,500.00. Following the acquisition, the chief executive officer directly owned 1,645,632 shares of the company’s stock, valued at $111,080,160. This represents a 0.30% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard Mora sold 2,000 shares of Enphase Energy stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $36.76, for a total value of $73,520.00. Following the completion of the transaction, the director directly owned 11,922 shares in the company, valued at approximately $438,252.72. This represents a 14.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,400 shares of company stock worth $150,933 in the last 90 days. 2.90% of the stock is owned by company insiders.

Enphase Energy Price Performance

Enphase Energy stock opened at $37.54 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.45 and a quick ratio of 2.95. Enphase Energy, Inc. has a fifty-two week low of $25.77 and a fifty-two week high of $73.74. The firm has a fifty day moving average price of $49.62 and a two-hundred day moving average price of $43.82. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 37.54 and a beta of 1.64.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 earnings per share. As a group, analysts forecast that Enphase Energy, Inc. will post 0.82 earnings per share for the current year.

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.