CenterBook Partners LP Makes New $2.87 Million Investment in Enphase Energy, Inc. $ENPH

CenterBook Partners LP acquired a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the 2nd quarter, Holdings Channel reports. The firm acquired 72,436 shares of the semiconductor company’s stock, valued at approximately $2,872,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. SVB Wealth LLC bought a new stake in Enphase Energy in the 1st quarter valued at about $38,000. Brooklyn Investment Group grew its stake in Enphase Energy by 124.7% in the first quarter. Brooklyn Investment Group now owns 663 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 368 shares during the period. CX Institutional increased its holdings in shares of Enphase Energy by 135.4% during the second quarter. CX Institutional now owns 1,083 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 623 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Enphase Energy by 73.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,610 shares of the semiconductor company’s stock worth $64,000 after purchasing an additional 680 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in shares of Enphase Energy by 34.8% in the 2nd quarter. Harbour Investments Inc. now owns 1,725 shares of the semiconductor company’s stock worth $68,000 after purchasing an additional 445 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Trading Up 3.1%

Shares of ENPH stock opened at $26.93 on Friday. Enphase Energy, Inc. has a 52-week low of $25.77 and a 52-week high of $78.26. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.04. The company has a 50-day simple moving average of $34.31 and a two-hundred day simple moving average of $37.66. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 18.57 and a beta of 1.63.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, October 28th. The semiconductor company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.60 by $0.30. The firm had revenue of $410.43 million for the quarter, compared to analysts’ expectations of $364.64 million. Enphase Energy had a net margin of 12.93% and a return on equity of 25.67%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 EPS. Enphase Energy has set its Q4 2025 guidance at EPS. Research analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Jefferies Financial Group restated a “hold” rating and set a $41.00 price target on shares of Enphase Energy in a research note on Monday, September 29th. TD Cowen decreased their target price on shares of Enphase Energy from $40.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, October 29th. Glj Research upped their target price on shares of Enphase Energy from $19.80 to $23.49 and gave the stock a “sell” rating in a report on Tuesday, September 23rd. Morgan Stanley cut their price target on Enphase Energy from $28.00 to $26.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Finally, Wall Street Zen lowered Enphase Energy from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Five analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and thirteen have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $39.90.

Insider Transactions at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 10,000 shares of Enphase Energy stock in a transaction on Friday, October 31st. The stock was purchased at an average price of $30.93 per share, for a total transaction of $309,300.00. Following the purchase, the chief executive officer directly owned 1,630,632 shares of the company’s stock, valued at $50,435,447.76. This trade represents a 0.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.10% 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.