Enphase Energy (NASDAQ:ENPH) Stock: Insider Shanker Trivedi Purchases 1,000 Shares

Enphase Energy, Inc. (NASDAQ:ENPH) Director Shanker Trivedi purchased 1,000 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were bought at an average price of $30.59 per share, with a total value of $30,590.00. Following the completion of the acquisition, the director directly owned 2,000 shares of the company’s stock, valued at approximately $61,180. This represents a 100.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Enphase Energy Trading Up 3.7%

NASDAQ ENPH opened at $31.55 on Thursday. The company has a quick ratio of 3.56, a current ratio of 4.09 and a debt-to-equity ratio of 0.46. Enphase Energy, Inc. has a twelve month low of $23.83 and a twelve month high of $73.74. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 47.09 and a beta of 1.44. The business’s fifty day moving average is $33.16 and its 200 day moving average is $40.87.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, October 27th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). The company had revenue of $293.33 million for the quarter, compared to the consensus estimate of $304.59 million. Enphase Energy had a return on equity of 9.16% and a net margin of 7.49%. The firm’s revenue for the quarter was down 28.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.90 earnings per share. As a group, sell-side analysts expect that Enphase Energy, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on ENPH shares. UBS Group set a $56.00 target price on shares of Enphase Energy in a research note on Wednesday, July 29th. Morgan Stanley cut their target price on Enphase Energy from $24.00 to $16.00 and set an “underweight” rating on the stock in a report on Wednesday, October 28th. Craig Hallum set a $38.00 price target on shares of Enphase Energy in a research report on Wednesday, October 28th. Northland Securities set a $36.00 price objective on shares of Enphase Energy in a research note on Wednesday, October 28th. Finally, Mizuho set a $34.00 target price on shares of Enphase Energy in a research report on Wednesday, October 28th. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Enphase Energy has a consensus rating of “Hold” and a consensus target price of $35.11.

Key Stories Impacting Enphase Energy

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

• Positive Sentiment: Solar and renewable-energy stocks rallied after Democrats won control of Congress, as investors reassessed the policy outlook for clean energy. The sector move is providing a lift to Enphase shares. Renewable energy stocks trade higher Clean-energy stocks rise after election
• Positive Sentiment: Enphase reported an IQ Solid-State Transformer milestone: its system converted medium-voltage AC to 800 VDC for AI data centers. The company plans higher-voltage demonstrations ahead of potential customer pilots targeted for 2027, offering a possible growth opportunity beyond its core solar business. 800 VDC AI data-center milestone
• Positive Sentiment: Director Shanker Trivedi bought 1,000 shares for about $30,590, following a recent purchase of 10,000 shares by CEO Badrinarayanan Kothandaraman. Insider buying may signal confidence, though it does not guarantee a recovery. Director share purchase
• Negative Sentiment: Enphase’s latest quarter missed analyst expectations: EPS was $0.41 versus $0.51 expected, revenue was $293.3 million versus $304.6 million expected, and revenue fell 28.5% year over year. Recent analyst price-target reductions underscore concerns about near-term demand and growth. Consensus price-target reduction

Hedge Funds Weigh In On Enphase Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in ENPH. AlphaCore Capital LLC boosted its position in shares of Enphase Energy by 11.3% in the third quarter. AlphaCore Capital LLC now owns 41,799 shares of the semiconductor company’s stock valued at $1,379,000 after acquiring an additional 4,241 shares during the period. Fulcrum Asset Management LLP increased its holdings in shares of Enphase Energy by 2,865.7% in the third quarter. Fulcrum Asset Management LLP now owns 17,379 shares of the semiconductor company’s stock worth $553,000 after purchasing an additional 16,793 shares during the period. Candriam S.C.A. increased its holdings in shares of Enphase Energy by 52.3% in the third quarter. Candriam S.C.A. now owns 59,482 shares of the semiconductor company’s stock worth $1,969,000 after purchasing an additional 20,423 shares during the period. Kimelman & Baird LLC grew its position in Enphase Energy by 6.1% during the third quarter. Kimelman & Baird LLC now owns 217,434 shares of the semiconductor company’s stock worth $7,173,000 after buying an additional 12,596 shares in the last quarter. Finally, Alps Advisors Inc. grew its position in Enphase Energy by 24.8% during the third quarter. Alps Advisors Inc. now owns 193,301 shares of the semiconductor company’s stock worth $6,377,000 after buying an additional 38,357 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

About Enphase Energy

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.