Enphase Energy (NASDAQ:ENPH) Stock Gets Price Target Trim from Citigroup

Enphase Energy (NASDAQ:ENPH) had its target price decreased by stock analysts at Citigroup from $37.00 to $25.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. Citigroup‘s price target would suggest a potential downside of 2.53% from the company’s current price.

Several other research firms have also recently issued reports on ENPH. JPMorgan Chase & Co. lowered their price objective on Enphase Energy from $35.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday. The Goldman Sachs Group cut their target price on Enphase Energy from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday. Roth Capital downgraded Enphase Energy from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a report on Wednesday. Royal Bank Of Canada lowered their price target on Enphase Energy from $41.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Glj Research dropped their price target on shares of Enphase Energy from $24.47 to $21.49 and set a “sell” rating on the stock in a research note on Monday. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.11.

Enphase Energy Trading Down 0.8%

NASDAQ:ENPH traded down $0.21 during trading hours on Friday, reaching $25.65. 7,335,478 shares of the stock were exchanged, compared to its average volume of 6,492,660. Enphase Energy has a twelve month low of $23.83 and a twelve month high of $73.74. The business has a 50-day moving average of $33.88 and a two-hundred day moving average of $41.01. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 38.28 and a beta of 1.64. The company has a quick ratio of 2.95, a current ratio of 4.09 and a debt-to-equity ratio of 0.46.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, October 27th. The semiconductor company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). The business had revenue of $293.33 million for the quarter, compared to analysts’ expectations of $304.59 million. Enphase Energy had a return on equity of 9.16% and a net margin of 7.49%. Enphase Energy’s quarterly revenue was down 28.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 earnings per share. On average, equities analysts predict that Enphase Energy will post 0.66 EPS for the current year.

Insider Transactions at Enphase Energy

In related news, Director Richard Mora sold 1,500 shares of Enphase Energy stock in a transaction that occurred 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 transaction, the director directly owned 10,422 shares in the company, valued at $420,631.92. The trade was a 12.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Enphase Energy

A number of institutional investors have recently bought and sold shares of ENPH. Handelsbanken Fonder AB raised its position in shares of Enphase Energy by 154.9% in 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. First Trust Advisors LP lifted its stake in shares of Enphase Energy by 42.4% in the 1st quarter. First Trust Advisors LP now owns 1,834,416 shares of the semiconductor company’s stock valued at $69,359,000 after purchasing an additional 546,460 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Enphase Energy by 37.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,361,157 shares of the semiconductor company’s stock worth $51,459,000 after purchasing an additional 373,212 shares during the period. Principal Financial Group Inc. increased its position in Enphase Energy by 79.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,112,067 shares of the semiconductor company’s stock worth $42,047,000 after purchasing an additional 491,488 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Enphase Energy in the 2nd quarter valued at $43,921,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy News Roundup

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

• Positive Sentiment: Enphase entered into an agreement to sell up to $100 million of U.S. advanced manufacturing tax credits. The transaction should provide cash and monetize tax benefits, potentially supporting liquidity during the solar downturn. Enphase Energy enters into tax credit transfer agreement
• Neutral Sentiment: Management is pursuing longer-term opportunities in AI data-center power technology and EV charging while working through excess channel inventory. These initiatives could diversify Enphase beyond residential solar, but investors remain uncertain about their timing and ability to offset near-term weakness. Enphase Energy solar slump and AI data-center ambitions
• Negative Sentiment: Third-quarter adjusted earnings were $0.41 per share, below the $0.51 consensus estimate, while revenue of approximately $293.3 million missed expectations of $304.6 million and fell 28.5% year over year. Fourth-quarter guidance was also described as disappointing, reinforcing concerns about weak solar demand. Why Enphase shares are sliding
• Negative Sentiment: Oppenheimer, BMO Capital Markets, Sanford C. Bernstein and Roth Capital each issued more cautious views or reduced their price targets. The broadening analyst pessimism adds pressure to ENPH after the earnings miss and signals limited confidence in a near-term recovery. Enphase sinks on Q3 miss and analyst downgrades

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.