Enphase Energy, Inc. $ENPH Shares Acquired by CenterBook Partners LP

CenterBook Partners LP lifted its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 39.9% during the 4th quarter, HoldingsChannel reports. The firm owned 333,074 shares of the semiconductor company’s stock after purchasing an additional 95,033 shares during the quarter. CenterBook Partners LP’s holdings in Enphase Energy were worth $10,675,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of 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 worth $25,000 after purchasing an additional 514 shares during the last quarter. Glass Jacobson Investment Advisors llc boosted its holdings in shares of Enphase Energy by 77.8% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 350 shares during the last quarter. Stance Capital LLC acquired a new position in shares of Enphase Energy during the 3rd quarter worth approximately $32,000. Activest Wealth Management boosted its holdings in shares of Enphase Energy by 52,000.0% during the 4th quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Danske Bank A S acquired a new position in shares of Enphase Energy during the 3rd quarter worth approximately $39,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on ENPH. Roth Mkm restated a “buy” rating on shares of Enphase Energy in a report on Friday, May 22nd. Susquehanna lowered their target price on Enphase Energy from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company lowered their target price on Enphase Energy from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Citigroup lowered their target price on Enphase Energy from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded Enphase Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $44.24.

Enphase Energy Price Performance

ENPH stock opened at $56.07 on Monday. The firm has a market cap of $7.39 billion, a PE ratio of 55.52 and a beta of 1.59. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.20 and a current ratio of 3.80. The firm’s 50 day moving average price is $43.90 and its 200-day moving average price is $39.90. Enphase Energy, Inc. has a one year low of $25.77 and a one year high of $73.74.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. The firm had revenue of $282.90 million for the quarter, compared to analyst estimates of $282.28 million. Enphase Energy had a net margin of 9.64% and a return on equity of 16.88%. The business’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS. On average, equities research analysts anticipate that Enphase Energy, Inc. will post 0.84 EPS for the current year.

Insider Activity

In other news, CEO Badrinarayanan Kothandaraman purchased 5,000 shares of Enphase Energy stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of $67.50 per share, with a total value of $337,500.00. Following the transaction, the chief executive officer owned 1,645,632 shares in the company, valued at $111,080,160. This represents a 0.30% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thurman J. Rodgers sold 137,250 shares of Enphase Energy stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $43.61, for a total transaction of $5,985,472.50. Following the sale, the director directly owned 1,597,641 shares in the company, valued at approximately $69,673,124.01. The trade was a 7.91% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 138,650 shares of company stock valued at $6,062,886. 2.90% of the stock is currently owned by company insiders.

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.