Northland Capmk Analysts Cut Earnings Estimates for Enphase Energy, Inc. (NASDAQ:ENPH)

Enphase Energy, Inc. (NASDAQ:ENPH) – Investment analysts at Northland Capmk reduced their Q4 2024 EPS estimates for shares of Enphase Energy in a research report issued to clients and investors on Wednesday, April 24th. Northland Capmk analyst G. Richard now anticipates that the semiconductor company will post earnings per share of $0.60 for the quarter, down from their previous estimate of $0.73. The consensus estimate for Enphase Energy’s current full-year earnings is $1.95 per share.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The company had revenue of $302.57 million for the quarter, compared to analyst estimates of $327.06 million.

Several other equities research analysts have also recently weighed in on ENPH. TD Cowen increased their price target on shares of Enphase Energy from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company dropped their price target on shares of Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday. Guggenheim cut shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 price target for the company. in a research report on Wednesday. B. Riley raised their target price on shares of Enphase Energy from $121.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $111.00 target price (down from $113.00) on shares of Enphase Energy in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $141.58.

Enphase Energy Trading Up 1.8 %

Shares of ENPH opened at $109.80 on Friday. The stock has a market capitalization of $14.94 billion, a P/E ratio of 56.16, a PEG ratio of 3.16 and a beta of 1.47. The company has a quick ratio of 4.19, a current ratio of 4.16 and a debt-to-equity ratio of 1.30. The firm has a fifty day simple moving average of $118.79 and a two-hundred day simple moving average of $111.93. Enphase Energy has a twelve month low of $73.49 and a twelve month high of $192.22.

Hedge Funds Weigh In On Enphase Energy

Hedge funds have recently modified their holdings of the stock. Bogart Wealth LLC acquired a new position in shares of Enphase Energy during the fourth quarter valued at about $26,000. CVA Family Office LLC acquired a new position in shares of Enphase Energy during the fourth quarter valued at about $31,000. Parkside Financial Bank & Trust increased its holdings in Enphase Energy by 131.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after buying an additional 176 shares during the period. Addison Advisors LLC increased its holdings in Enphase Energy by 1,447.6% in the 4th quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock worth $43,000 after buying an additional 304 shares during the period. Finally, Blue Trust Inc. increased its holdings in Enphase Energy by 194.6% in the 4th quarter. Blue Trust Inc. now owns 330 shares of the semiconductor company’s stock worth $44,000 after buying an additional 218 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard Mora sold 24,285 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $120.59, for a total value of $2,928,528.15. Following the completion of the sale, the director now directly owns 3,126 shares of the company’s stock, valued at $376,964.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $108.89, for a total transaction of $544,450.00. Following the completion of the sale, the executive vice president now directly owns 124,948 shares of the company’s stock, valued at $13,605,587.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard Mora sold 24,285 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the sale, the director now directly owns 3,126 shares of the company’s stock, valued at $376,964.34. The disclosure for this sale can be found here. Insiders sold a total of 34,285 shares of company stock valued at $4,054,428 over the last three months. 3.40% of the stock is owned by company insiders.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.