Enphase Energy (NASDAQ:ENPH) Shares Gap Up Following Analyst Upgrade

Enphase Energy, Inc. (NASDAQ:ENPH)’s share price gapped up before the market opened on Wednesday after Glj Research raised their price target on the stock from $21.70 to $24.47. The stock had previously closed at $36.32, but opened at $38.89. Glj Research currently has a sell rating on the stock. Enphase Energy shares last traded at $37.1320, with a volume of 1,705,886 shares.

A number of other research analysts have also commented on the stock. The Goldman Sachs Group boosted their price target on shares of Enphase Energy from $51.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Jefferies Financial Group increased their price objective on Enphase Energy from $41.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Sanford C. Bernstein assumed coverage on Enphase Energy in a research note on Tuesday, June 16th. They set a “market perform” rating and a $56.00 price objective for the company. Barclays upgraded Enphase Energy from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $30.00 to $51.00 in a research note on Thursday, June 18th. Finally, Weiss Ratings raised Enphase Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and an average price target of $45.93.

Insider Buying and Selling

In related news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average cost of $67.50 per share, for a total transaction of $337,500.00. Following the completion of the transaction, the chief executive officer owned 1,645,632 shares of the company’s stock, valued at approximately $111,080,160. The trade was a 0.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Mora sold 700 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $64.20, for a total value of $44,940.00. Following the completion of the transaction, the director directly owned 13,922 shares in the company, valued at approximately $893,792.40. This represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. 2.90% of the stock is owned by company insiders.

Enphase Energy News Roundup

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

• Positive Sentiment: Profitability held up better than growth. Enphase reported second-quarter adjusted EPS of $0.46, in line with expectations, while revenue of $291.9 million slightly exceeded consensus. Management highlighted robust gross margins and continued execution despite a challenging market. Enphase Energy Q2 2026 Earnings Call Highlights
• Positive Sentiment: New products could expand Enphase’s addressable market. The company is accelerating its strategy for AI data centers and has launched products including solutions for data centers and the IQ EV Charger 2. It also published a white paper for its Kestrel fifth-generation custom ASIC, designed to improve security, connectivity and power management across microinverters, batteries, EV chargers and solid-state transformers. Enphase Unveils Kestrel ASIC White Paper
• Neutral Sentiment: Near-term guidance was broadly consistent with expectations. Enphase forecast third-quarter revenue of $290 million to $320 million, with a midpoint of approximately $305 million versus analyst expectations of $308.8 million. This suggests limited near-term upside but no major guidance reset. Enphase Meets Q2 Expectations
• Negative Sentiment: Revenue and earnings remain below last year’s levels. Second-quarter revenue fell 19.6% year over year to $291.9 million, while EPS declined from $0.69 to $0.46. Analysts are focused on whether new products can offset the company’s current growth slowdown.
• Negative Sentiment: U.S. demand remains a significant headwind. Recent coverage described lower U.S. sales despite stronger European demand, creating uncertainty about the pace of the solar-market recovery. GLJ Research maintains a “sell” rating and raised its price target only to $24.47, implying substantial downside from recent trading levels. GLJ Research Enphase Price Target

Institutional Trading of Enphase Energy

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Enphase Energy by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 16,329,647 shares of the semiconductor company’s stock worth $523,365,000 after buying an additional 246,876 shares in the last quarter. Norges Bank bought a new stake in shares of Enphase Energy in the 4th quarter worth approximately $118,190,000. Invesco Ltd. lifted its holdings in shares of Enphase Energy by 36.2% in the 4th quarter. Invesco Ltd. now owns 3,158,931 shares of the semiconductor company’s stock worth $101,244,000 after acquiring an additional 839,468 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Enphase Energy by 0.4% in 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 boosted its stake 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 valued at $103,953,000 after purchasing an additional 1,283,052 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Performance

The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average is $51.01 and its 200 day moving average is $43.80. The company has a market cap of $4.78 billion, a P/E ratio of 35.70 and a beta of 1.62.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. Enphase Energy had a net margin of 9.64% and a return on equity of 16.88%. The business had revenue of $291.85 million during the quarter, compared to the consensus estimate of $289.76 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter was down 19.6% on a year-over-year basis. As a group, equities analysts predict that Enphase Energy, Inc. will post 0.82 earnings per share for the current fiscal year.

Enphase Energy Company Profile

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.