Enphase Energy (NASDAQ:ENPH) Stock Price Target Lowered at Sanford C. Bernstein

Enphase Energy (NASDAQ:ENPH) had its price objective cut by Sanford C. Bernstein from $56.00 to $40.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “market perform” rating on the semiconductor company’s stock. Sanford C. Bernstein‘s price objective would suggest a potential upside of 34.41% from the company’s current price.

A number of other equities research analysts have also issued reports on ENPH. Evercore reaffirmed a “positive” rating and set a $41.00 target price on shares of Enphase Energy in a research report on Monday, August 17th. JPMorgan Chase & Co. cut their price objective on Enphase Energy from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. TD Cowen reduced their price objective on shares of Enphase Energy from $70.00 to $48.00 and set a “hold” rating for the company in a research note on Monday, July 20th. Barclays cut their price target 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. Finally, BMO Capital Markets lowered their price objective on shares of Enphase Energy from $37.00 to $28.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 21st. Eight investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $41.39.

Enphase Energy Price Performance

ENPH opened at $29.76 on Wednesday. The stock’s fifty day moving average is $34.40 and its 200-day moving average is $41.11. Enphase Energy has a one year low of $25.77 and a one year high of $73.74.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, October 27th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). The company had revenue of $293.33 million during the quarter, compared to analysts’ expectations of $304.59 million. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The firm’s revenue for the quarter was down 28.5% compared to the same quarter last year. As a group, equities research analysts predict that Enphase Energy will post 0.66 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Richard Mora sold 1,500 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $40.36, for a total transaction of $60,540.00. Following the completion of the sale, the director directly owned 10,422 shares in the company, valued at approximately $420,631.92. This trade represents a 12.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Enphase Energy

A number of hedge funds have recently added to or reduced their stakes in ENPH. Handelsbanken Fonder AB increased its position 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 buying an additional 1,283,052 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Enphase Energy in the 2nd quarter valued at approximately $43,921,000. Legal & General Group Plc bought a new position in Enphase Energy in the second quarter worth $39,128,000. Encompass Capital Advisors LLC acquired a new stake in shares of Enphase Energy during the 1st quarter valued at about $27,234,000. Finally, Palo Duro Investment Partners LP bought a new stake in shares of Enphase Energy in the 2nd quarter valued at approximately $32,665,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Key Enphase Energy News

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.