Zacks Research Analysts Cut Earnings Estimates for Enphase Energy, Inc. (NASDAQ:ENPH)

Enphase Energy, Inc. (NASDAQ:ENPH) – Equities research analysts at Zacks Research reduced their Q3 2024 earnings per share (EPS) estimates for shares of Enphase Energy in a report issued on Monday, August 26th. Zacks Research analyst R. Department now anticipates that the semiconductor company will post earnings of $0.44 per share for the quarter, down from their previous estimate of $0.46. The consensus estimate for Enphase Energy’s current full-year earnings is $1.24 per share. Zacks Research also issued estimates for Enphase Energy’s Q4 2024 earnings at $0.44 EPS, FY2024 earnings at $0.97 EPS, Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.74 EPS, Q4 2025 earnings at $1.10 EPS, FY2025 earnings at $2.35 EPS, Q1 2026 earnings at $0.56 EPS, Q2 2026 earnings at $0.58 EPS and FY2026 earnings at $3.49 EPS.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The firm had revenue of $303.80 million during the quarter, compared to analyst estimates of $309.73 million. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Enphase Energy’s quarterly revenue was down 57.3% compared to the same quarter last year.

Other analysts have also issued research reports about the company. Craig Hallum raised their target price on Enphase Energy from $147.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Morgan Stanley raised their price objective on shares of Enphase Energy from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 21st. Glj Research initiated coverage on shares of Enphase Energy in a research report on Tuesday, June 25th. They set a “sell” rating and a $45.82 target price on the stock. BMO Capital Markets increased their price target on shares of Enphase Energy from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Enphase Energy from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $128.76.

Enphase Energy Stock Down 0.2 %

ENPH stock opened at $121.04 on Thursday. The stock has a market capitalization of $16.47 billion, a price-to-earnings ratio of 63.04, a price-to-earnings-growth ratio of 5.59 and a beta of 1.71. The company has a 50-day moving average of $110.33 and a two-hundred day moving average of $116.07. Enphase Energy has a 52-week low of $73.49 and a 52-week high of $141.63. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.23 and a quick ratio of 3.90.

Insider Transactions at Enphase Energy

In related news, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $123.27, for a total transaction of $616,350.00. Following the completion of the sale, the executive vice president now directly owns 107,943 shares of the company’s stock, valued at approximately $13,306,133.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enphase Energy

Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in shares of Enphase Energy during the fourth quarter valued at approximately $53,950,000. CWM LLC increased its stake in shares of Enphase Energy by 5.9% in the 4th quarter. CWM LLC now owns 4,278 shares of the semiconductor company’s stock valued at $565,000 after buying an additional 238 shares during the period. Van ECK Associates Corp increased its stake in shares of Enphase Energy by 1.8% in the 4th quarter. Van ECK Associates Corp now owns 66,242 shares of the semiconductor company’s stock valued at $8,753,000 after buying an additional 1,189 shares during the period. Savant Capital LLC raised its position in shares of Enphase Energy by 9.3% during the fourth quarter. Savant Capital LLC now owns 4,060 shares of the semiconductor company’s stock worth $536,000 after acquiring an additional 346 shares during the last quarter. Finally, Y.D. More Investments Ltd lifted its stake in shares of Enphase Energy by 520.0% during the fourth quarter. Y.D. More Investments Ltd now owns 14,260 shares of the semiconductor company’s stock valued at $1,884,000 after acquiring an additional 11,960 shares during the period. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Company Profile

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.