Analysts’ Weekly Ratings Updates for Enphase Energy (ENPH)

Several brokerages have updated their recommendations and price targets on shares of Enphase Energy (NASDAQ: ENPH) in the last few weeks:

• 11/12/2024 – Enphase Energy had its price target lowered by analysts at Canaccord Genuity Group Inc. from $95.00 to $76.00. They now have a “hold” rating on the stock.
• 11/8/2024 – Enphase Energy was downgraded by analysts at BNP Paribas from an “outperform” rating to a “neutral” rating. They now have a $88.00 price target on the stock.
• 11/8/2024 – Enphase Energy was downgraded by analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating.
• 11/8/2024 – Enphase Energy was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $81.00 price target on the stock, down previously from $154.00.
• 11/7/2024 – Enphase Energy had its price target lowered by analysts at Bank of America Co. from $72.00 to $62.00. They now have an “underperform” rating on the stock.
• 11/7/2024 – Enphase Energy was downgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to an “underperform” rating. They now have a $61.00 price target on the stock, down previously from $93.00.
• 10/24/2024 – Enphase Energy had its price target lowered by analysts at Northland Securities from $150.00 to $110.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – Enphase Energy had its price target lowered by analysts at Susquehanna from $104.00 to $85.00. They now have a “neutral” rating on the stock.
• 10/24/2024 – Enphase Energy was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/23/2024 – Enphase Energy was downgraded by analysts at Guggenheim from a “neutral” rating to a “sell” rating. They now have a $73.00 price target on the stock.
• 10/23/2024 – Enphase Energy had its price target lowered by analysts at Royal Bank of Canada from $100.00 to $85.00. They now have a “sector perform” rating on the stock.
• 10/23/2024 – Enphase Energy had its price target lowered by analysts at Barclays PLC from $129.00 to $114.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – Enphase Energy had its price target lowered by analysts at JPMorgan Chase & Co. from $130.00 to $120.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – Enphase Energy had its price target lowered by analysts at Evercore ISI from $133.00 to $125.00. They now have an “outperform” rating on the stock.
• 10/23/2024 – Enphase Energy had its price target lowered by analysts at Raymond James from $140.00 to $130.00. They now have an “outperform” rating on the stock.
• 10/23/2024 – Enphase Energy had its price target lowered by analysts at Oppenheimer Holdings Inc. from $134.00 to $101.00. They now have an “outperform” rating on the stock.
• 10/23/2024 – Enphase Energy had its price target lowered by analysts at Piper Sandler from $105.00 to $85.00. They now have a “neutral” rating on the stock.
• 10/23/2024 – Enphase Energy was downgraded by analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating. They now have a $83.00 price target on the stock.
• 10/23/2024 – Enphase Energy had its “hold” rating reaffirmed by analysts at Canaccord Genuity Group Inc.. They now have a $95.00 price target on the stock, down previously from $140.00.
• 10/23/2024 – Enphase Energy was downgraded by analysts at Canaccord Genuity Group Inc. from a “buy” rating to a “hold” rating.
• 10/23/2024 – Enphase Energy had its price target lowered by analysts at Morgan Stanley from $102.00 to $93.00. They now have an “equal weight” rating on the stock.
• 10/23/2024 – Enphase Energy had its price target lowered by analysts at Roth Mkm from $130.00 to $100.00. They now have a “buy” rating on the stock.
• 10/23/2024 – Enphase Energy had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $170.00 to $145.00. They now have a “buy” rating on the stock.
• 10/23/2024 – Enphase Energy had its price target lowered by analysts at Craig Hallum from $153.00 to $123.00. They now have a “buy” rating on the stock.
• 10/23/2024 – Enphase Energy had its price target lowered by analysts at TD Cowen from $130.00 to $120.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Enphase Energy had its price target lowered by analysts at Citigroup Inc. from $114.00 to $99.00. They now have a “neutral” rating on the stock.
• 10/17/2024 – Enphase Energy had its price target lowered by analysts at Piper Sandler from $115.00 to $105.00. They now have a “neutral” rating on the stock.
• 10/17/2024 – Enphase Energy was upgraded by analysts at Guggenheim from a “sell” rating to a “neutral” rating.
• 10/16/2024 – Enphase Energy was downgraded by analysts at Susquehanna from a “positive” rating to a “neutral” rating. They now have a $104.00 price target on the stock, down previously from $147.00.
• 10/16/2024 – Enphase Energy had its price target lowered by analysts at Truist Financial Co. from $130.00 to $110.00. They now have a “buy” rating on the stock.
• 10/15/2024 – Enphase Energy was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating. They now have a $100.00 price target on the stock, down previously from $125.00.
• 10/14/2024 – Enphase Energy had its price target lowered by analysts at BMO Capital Markets from $114.00 to $104.00. They now have a “market perform” rating on the stock.
• 10/10/2024 – Enphase Energy had its price target raised by analysts at Bank of America Co. from $82.00 to $84.00. They now have an “underperform” rating on the stock.
• 10/9/2024 – Enphase Energy had its price target raised by analysts at Morgan Stanley from $100.00 to $102.00. They now have an “equal weight” rating on the stock.
• 10/4/2024 – Enphase Energy had its price target lowered by analysts at Guggenheim from $93.00 to $90.00. They now have a “sell” rating on the stock.
• 10/2/2024 – Enphase Energy had its price target lowered by analysts at BMO Capital Markets from $115.00 to $114.00. They now have a “market perform” rating on the stock.

Enphase Energy Price Performance

Shares of ENPH stock opened at $63.56 on Friday. Enphase Energy, Inc. has a fifty-two week low of $59.12 and a fifty-two week high of $141.63. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 144.45, a PEG ratio of 6.75 and a beta of 1.77. The stock’s 50-day simple moving average is $96.25 and its 200-day simple moving average is $108.14.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The company had revenue of $380.90 million for the quarter, compared to analysts’ expectations of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. Enphase Energy’s quarterly revenue was down 30.9% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. As a group, equities analysts forecast that Enphase Energy, Inc. will post 0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Erste Asset Management GmbH acquired a new stake in shares of Enphase Energy during the 3rd quarter worth approximately $37,475,000. Edgestream Partners L.P. acquired a new stake in Enphase Energy during the third quarter valued at $2,138,000. Public Sector Pension Investment Board increased its holdings in Enphase Energy by 11.5% in the third quarter. Public Sector Pension Investment Board now owns 5,821 shares of the semiconductor company’s stock valued at $658,000 after buying an additional 600 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Enphase Energy by 6.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,350,108 shares of the semiconductor company’s stock worth $265,609,000 after acquiring an additional 142,491 shares during the period. Finally, Stone House Investment Management LLC purchased a new stake in shares of Enphase Energy during the 3rd quarter worth about $34,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.