Enphase Energy (NASDAQ:ENPH) Stock Gets Price Target Cut from Sanford C. Bernstein

Enphase Energy (NASDAQ:ENPH) had its target price reduced by Sanford C. Bernstein from $56.00 to $40.00 in a report released on Wednesday morning,Benzinga reports. Sanford C. Bernstein currently has a market perform rating on the semiconductor company’s stock.

Other analysts have also recently issued research reports about the stock. Susquehanna cut their price target on shares of Enphase Energy from $35.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday. Royal Bank Of Canada decreased their price objective on shares of Enphase Energy from $54.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. UBS Group set a $56.00 target price on shares of Enphase Energy in a research report on Wednesday, July 29th. Citigroup cut their target price on shares of Enphase Energy from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 29th. Finally, Mizuho set a $34.00 price target on shares of Enphase Energy in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.11.

Enphase Energy Price Performance

ENPH opened at $25.65 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.95 and a current ratio of 4.09. Enphase Energy has a 52-week low of $23.83 and a 52-week high of $73.74. The stock has a market capitalization of $3.39 billion, a PE ratio of 38.28 and a beta of 1.64. The stock’s 50 day moving average price is $33.63 and its 200-day moving average price is $40.96.

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

Insider Activity

In other news, Director Richard Mora sold 1,500 shares of Enphase Energy stock in a transaction that occurred on Friday, August 14th. The shares were 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 approximately $420,631.92. This trade represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.90% of the company’s stock.

Institutional Trading of Enphase Energy

Several hedge funds and other institutional investors have recently made changes to their positions in ENPH. Handelsbanken Fonder AB raised its stake in Enphase Energy by 154.9% during the second quarter. Handelsbanken Fonder AB now owns 2,111,158 shares of the semiconductor company’s stock valued at $103,953,000 after buying an additional 1,283,052 shares during the last quarter. First Trust Advisors LP boosted its holdings in Enphase Energy by 42.4% in the first quarter. First Trust Advisors LP now owns 1,834,416 shares of the semiconductor company’s stock worth $69,359,000 after acquiring an additional 546,460 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Enphase Energy by 37.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,361,157 shares of the semiconductor company’s stock worth $51,459,000 after acquiring an additional 373,212 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Enphase Energy in the second quarter worth $43,921,000. Finally, Principal Financial Group Inc. grew its stake in shares of Enphase Energy by 79.2% in the first quarter. Principal Financial Group Inc. now owns 1,112,067 shares of the semiconductor company’s stock worth $42,047,000 after acquiring an additional 491,488 shares during the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Enphase Energy News Summary

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.