Capital Innovations LLC Takes Position in Enphase Energy, Inc. $ENPH

Capital Innovations LLC bought a new position in Enphase Energy, Inc. (NASDAQ:ENPH) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 11,110 shares of the semiconductor company’s stock, valued at approximately $356,000.

Several other large investors have also recently modified their holdings of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Enphase Energy by 431.9% during the second 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 buying an additional 514 shares during the period. Glass Jacobson Investment Advisors llc increased its position in Enphase Energy by 77.8% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 350 shares during the last quarter. Stance Capital LLC purchased a new stake in shares of Enphase Energy in the third quarter valued at $32,000. Activest Wealth Management raised its stake in shares of Enphase Energy by 52,000.0% in the fourth quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 1,040 shares during the period. Finally, Danske Bank A S bought a new stake in shares of Enphase Energy in the 3rd quarter worth about $39,000. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Price Performance

Enphase Energy stock opened at $72.33 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.80 and a quick ratio of 3.20. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 71.61 and a beta of 1.60. The firm has a 50-day moving average of $41.95 and a two-hundred day moving average of $38.85. Enphase Energy, Inc. has a 1 year low of $25.77 and a 1 year high of $73.74.

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

Analysts Set New Price Targets

Several equities analysts recently commented on ENPH shares. Wells Fargo & Company cut their price target on shares of Enphase Energy from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. TD Cowen raised their price objective on shares of Enphase Energy from $35.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. Susquehanna dropped their target price on Enphase Energy from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. JPMorgan Chase & Co. reduced their price target on Enphase Energy from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada raised Enphase Energy from a “sector perform” rating to an “outperform” rating and set a $54.00 price target for the company in a research note on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, Enphase Energy has a consensus rating of “Hold” and an average price target of $44.24.

Insider Transactions at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 5,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were acquired 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 of the company’s stock, valued at approximately $111,080,160. This trade represents a 0.30% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thurman J. Rodgers sold 137,250 shares of the business’s stock in a transaction dated 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 completion of the sale, the director owned 1,597,641 shares of the company’s stock, valued at approximately $69,673,124.01. This represents a 7.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.90% of the company’s stock.

Enphase Energy 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.