Enphase Energy (NASDAQ:ENPH) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Enphase Energy (NASDAQ:ENPH) had its price target decreased by JPMorgan Chase & Co. from $35.00 to $29.00 in a research note published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the semiconductor company’s stock.

Several other analysts also recently commented on the company. Roth Capital downgraded Enphase Energy from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research note on Wednesday. Mizuho set a $34.00 price target on Enphase Energy in a research note on Wednesday. Evercore reiterated a “positive” rating and issued a $41.00 price target on shares of Enphase Energy in a report on Monday, August 17th. Royal Bank Of Canada reduced their price objective on Enphase Energy from $41.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, UBS Group set a $56.00 price objective on Enphase Energy in a report on Wednesday, July 29th. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Enphase Energy has a consensus rating of “Hold” and an average target price of $35.11.

Enphase Energy Stock Down 0.8%

Shares of NASDAQ ENPH opened at $25.65 on Wednesday. The firm has a market cap of $3.39 billion, a PE ratio of 38.28 and a beta of 1.64. Enphase Energy has a 12-month low of $23.83 and a 12-month high of $73.74. The company’s fifty day simple moving average is $33.63 and its 200 day simple moving average is $40.96. The company has a quick ratio of 2.95, a current ratio of 4.09 and a debt-to-equity ratio of 0.46.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly 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 return on equity of 9.16% and a net margin of 7.49%. The company had revenue of $293.33 million during the quarter, compared to analyst estimates of $304.59 million. During the same quarter in the previous year, the business posted $0.90 earnings per share. The company’s revenue for the quarter was down 28.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Enphase Energy will post 0.66 earnings per share for the current fiscal year.

Insider Activity at Enphase Energy

In other news, Director Richard Mora sold 1,500 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 10,422 shares of the company’s stock, valued at $420,631.92. The trade was a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.90% of the stock is currently owned by insiders.

Institutional Trading of Enphase Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Compass Financial Management LLC purchased a new position in Enphase Energy during the third quarter worth about $1,199,000. Hollow Brook Wealth Management LLC bought a new stake in Enphase Energy in the 3rd quarter worth about $330,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Enphase Energy in the 3rd quarter worth about $1,650,000. ProShare Advisors LLC increased its stake in Enphase Energy by 32.7% in the 3rd quarter. ProShare Advisors LLC now owns 20,437 shares of the semiconductor company’s stock valued at $674,000 after buying an additional 5,037 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Enphase Energy in the 3rd quarter valued at about $52,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Enphase Energy

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

Enphase Energy Company Profile

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.