Citigroup Lowers Enphase Energy (NASDAQ:ENPH) Price Target to $40.00

Enphase Energy (NASDAQ:ENPH) had its price objective reduced by analysts at Citigroup from $43.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. Citigroup’s target price points to a potential upside of 7.60% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Oppenheimer lowered their target price on shares of Enphase Energy from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday. Mizuho dropped their price objective on shares of Enphase Energy from $54.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday. Weiss Ratings raised shares of Enphase Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Jefferies Financial Group raised their price target on Enphase Energy from $41.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Finally, UBS Group set a $56.00 price target on Enphase Energy in a research report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Enphase Energy has a consensus rating of “Hold” and a consensus price target of $45.61.

Enphase Energy Stock Up 6.0%

Shares of Enphase Energy stock traded up $2.10 during trading hours on Thursday, reaching $37.17. 3,392,402 shares of the company were exchanged, compared to its average volume of 7,085,198. The firm has a market cap of $4.90 billion, a PE ratio of 36.85 and a beta of 1.62. The stock’s fifty day moving average is $50.64 and its 200 day moving average is $43.80. Enphase Energy has a 1 year low of $25.77 and a 1 year high of $73.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.20 and a current ratio of 3.80.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The firm had revenue of $291.85 million during the quarter, compared to analysts’ expectations of $289.76 million. Enphase Energy had a return on equity of 13.69% and a net margin of 10.09%.The firm’s revenue was down 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS. As a group, equities research analysts forecast that Enphase Energy will post 0.82 earnings per share for the current year.

Insider Activity

In other Enphase Energy news, Director Shanker Trivedi acquired 1,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $53.91 per share, for a total transaction of $53,910.00. Following the completion of the acquisition, the director directly owned 1,000 shares of the company’s stock, valued at $53,910. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard Mora sold 700 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $64.20, for a total value of $44,940.00. Following the completion of the sale, the director directly owned 13,922 shares in the company, valued at approximately $893,792.40. The trade was a 4.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Enphase Energy

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Enphase Energy by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 16,329,647 shares of the semiconductor company’s stock valued at $523,365,000 after acquiring an additional 246,876 shares in the last quarter. Norges Bank purchased a new stake in shares of Enphase Energy during the 4th quarter valued at about $118,190,000. Invesco Ltd. grew its position in Enphase Energy by 36.2% in the fourth quarter. Invesco Ltd. now owns 3,158,931 shares of the semiconductor company’s stock valued at $101,244,000 after acquiring an additional 839,468 shares in the last quarter. Geode Capital Management LLC grew its holdings in Enphase Energy by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,510,509 shares of the semiconductor company’s stock valued at $80,478,000 after purchasing an additional 11,220 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in Enphase Energy by 154.9% during the 2nd 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 period. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Enphase Energy

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

• Positive Sentiment: Enphase highlighted storage, financing and commercial expansion as drivers of a potential recovery. The company expects to begin shipping its IQ Battery 5 in the fourth quarter of 2026, while its $75 million safe-harbor allocation could support near-term demand. Enphase Q3 revenue and IQ Battery 5 shipments
• Positive Sentiment: Management pointed to stronger European demand and continued investment in third-party ownership, data-center power solutions and the IQ EV Charger 2. These initiatives could diversify Enphase beyond a weak U.S. residential solar market. Enphase European and new technology strategy
• Positive Sentiment: GLJ Research said Enphase’s stock is expected to rise, providing a bullish counterpoint to more cautious analyst views. GLJ Research Enphase stock outlook
• Neutral Sentiment: Second-quarter adjusted earnings of $0.46 per share essentially matched consensus, while revenue of $291.9 million was slightly above estimates. Enphase shipped approximately 1.59 million microinverters and 113.8 MWh of batteries. Enphase second-quarter financial results
• Negative Sentiment: Revenue declined 19.6% year over year and earnings fell from $0.69 per share a year earlier, reflecting continued weakness in U.S. residential solar demand. Enphase Q2 earnings and revenue decline
• Negative Sentiment: Third-quarter revenue guidance of $290 million to $320 million had a midpoint below analyst expectations, signaling that the recovery may remain uneven. BMO Capital Markets also lowered its price target from $39 to $37 and maintained a “market perform” rating.

About Enphase Energy

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.