Enphase Energy (NASDAQ:ENPH) Stock Rating Upgraded by Zacks Research

Enphase Energy (NASDAQ:ENPH) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other analysts have also recently commented on the stock. Wall Street Zen upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating in a research note on Tuesday. Royal Bank Of Canada set a $28.00 target price on shares of Enphase Energy and gave the stock a “sector perform” rating in a research note on Wednesday, June 18th. Jefferies Financial Group restated a “hold” rating and issued a $41.00 target price on shares of Enphase Energy in a research note on Monday. Susquehanna reduced their target price on shares of Enphase Energy from $51.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, July 21st. Finally, Barclays increased their price target on shares of Enphase Energy from $28.00 to $29.00 and gave the company an “underweight” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and twelve have given a Sell rating to the stock. According to MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and an average price target of $55.82.

Enphase Energy Stock Up 2.0%

ENPH stock opened at $37.74 on Wednesday. Enphase Energy has a one year low of $29.89 and a one year high of $109.50. The stock has a market capitalization of $4.93 billion, a PE ratio of 29.48 and a beta of 1.56. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.82 and a current ratio of 1.97. The company has a fifty day moving average of $36.02 and a 200-day moving average of $43.07.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, July 22nd. The semiconductor company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.62 by $0.07. Enphase Energy had a net margin of 11.78% and a return on equity of 24.55%. The company had revenue of $363.15 million during the quarter, compared to analysts’ expectations of $359.14 million. During the same quarter last year, the business earned $0.43 EPS. The business’s revenue was up 19.7% on a year-over-year basis. Enphase Energy has set its Q3 2025 guidance at EPS. As a group, analysts expect that Enphase Energy will post 2.08 EPS for the current year.

Insiders Place Their Bets

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was purchased at an average cost of $30.82 per share, for a total transaction of $154,100.00. Following the acquisition, the chief executive officer owned 1,620,632 shares of the company’s stock, valued at $49,947,878.24. The trade was a 0.31% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Enphase Energy

Hedge funds have recently added to or reduced their stakes in the business. CX Institutional purchased a new position in Enphase Energy during the 1st quarter valued at about $29,000. First Horizon Advisors Inc. increased its holdings in Enphase Energy by 83.0% during the 1st quarter. First Horizon Advisors Inc. now owns 569 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 258 shares in the last quarter. SVB Wealth LLC purchased a new position in Enphase Energy during the 1st quarter valued at about $38,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Enphase Energy by 431.9% during 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 acquiring an additional 514 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in Enphase Energy by 124.7% during the 1st quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 368 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

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.