Enphase Energy (NASDAQ:ENPH) Stock Price Target Lowered at Morgan Stanley

Enphase Energy (NASDAQ:ENPH) had its price target lowered by research analysts at Morgan Stanley from $24.00 to $16.00 in a note issued to investors on Wednesday, MarketBeat reports. The brokerage presently has an “underweight” rating on the semiconductor company’s stock. Morgan Stanley‘s price target would suggest a potential downside of 46.24% from the company’s current price.

Other research analysts have also issued research reports about the company. Citigroup decreased their price objective on Enphase Energy from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, September 29th. Wells Fargo & Company lowered their price target on Enphase Energy from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Barclays reduced their price objective on shares of Enphase Energy from $50.00 to $44.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. Royal Bank Of Canada dropped their price target on shares of Enphase Energy from $54.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Enphase Energy in a research note on Friday, September 18th. Eight research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.39.

Enphase Energy Price Performance

ENPH opened at $29.76 on Wednesday. Enphase Energy has a 12-month low of $25.77 and a 12-month high of $73.74. The firm has a 50 day moving average of $34.40 and a two-hundred day moving average of $41.11.

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

Insider Buying and Selling

In other Enphase Energy news, Director Richard Mora sold 2,000 shares of the stock in a transaction that occurred 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 sale, the director directly owned 11,922 shares of the company’s stock, valued at approximately $438,252.72. This represents a 14.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Handelsbanken Fonder AB lifted its stake in Enphase Energy by 154.9% during the second quarter. Handelsbanken Fonder AB now owns 2,111,158 shares of the semiconductor company’s stock worth $103,953,000 after purchasing an additional 1,283,052 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Enphase Energy by 42.4% during the 1st 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 last quarter. Dimensional Fund Advisors LP boosted its holdings 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 valued at $51,459,000 after buying an additional 373,212 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Enphase Energy in the 2nd quarter valued at $43,921,000. Finally, Principal Financial Group Inc. lifted its position 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 acquiring an additional 491,488 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Enphase Energy

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

Enphase Energy Company Profile

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.