Analysts Issue Forecasts for Enphase Energy, Inc.’s FY2024 Earnings (NASDAQ:ENPH)

Enphase Energy, Inc. (NASDAQ:ENPH) – Stock analysts at Zacks Research dropped their FY2024 EPS estimates for shares of Enphase Energy in a note issued to investors on Wednesday, June 26th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings of $1.10 per share for the year, down from their previous estimate of $1.14. The consensus estimate for Enphase Energy’s current full-year earnings is $1.43 per share. Zacks Research also issued estimates for Enphase Energy’s Q1 2025 earnings at $0.21 EPS, FY2025 earnings at $2.39 EPS, Q1 2026 earnings at $0.57 EPS and FY2026 earnings at $3.85 EPS.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%. The firm had revenue of $263.34 million during the quarter, compared to analyst estimates of $280.06 million.

ENPH has been the subject of several other research reports. Jefferies Financial Group downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $135.00 to $111.00 in a research report on Wednesday, April 24th. Guggenheim downgraded shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $92.00 target price for the company. in a research report on Wednesday, April 24th. TD Cowen boosted their target price on shares of Enphase Energy from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Piper Sandler reissued a “neutral” rating and issued a $111.00 target price (down previously from $113.00) on shares of Enphase Energy in a research report on Wednesday, April 24th. Finally, Citigroup downgraded shares of Enphase Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $126.00 to $121.00 in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $130.45.

Enphase Energy Stock Performance

Shares of ENPH stock opened at $97.26 on Monday. Enphase Energy has a 12 month low of $73.49 and a 12 month high of $192.22. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. The firm has a market capitalization of $13.23 billion, a P/E ratio of 50.66, a P/E/G ratio of 4.10 and a beta of 1.72. The company’s fifty day moving average price is $116.78 and its two-hundred day moving average price is $117.93.

Institutional Trading of Enphase Energy

Large investors have recently modified their holdings of the company. Baillie Gifford & Co. boosted its holdings in Enphase Energy by 387,343.1% in the 4th quarter. Baillie Gifford & Co. now owns 4,079,776 shares of the semiconductor company’s stock valued at $539,102,000 after purchasing an additional 4,078,723 shares during the period. Swedbank AB bought a new stake in Enphase Energy in the 1st quarter valued at $424,130,000. Norges Bank bought a new stake in Enphase Energy in the 4th quarter valued at $149,425,000. Nordea Investment Management AB boosted its holdings in Enphase Energy by 158.8% in the 4th quarter. Nordea Investment Management AB now owns 817,164 shares of the semiconductor company’s stock valued at $109,083,000 after purchasing an additional 501,385 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in Enphase Energy in the 1st quarter valued at $59,128,000. 72.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Enphase Energy

In other news, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $116.29, for a total transaction of $581,450.00. Following the transaction, the executive vice president now owns 119,948 shares in the company, valued at approximately $13,948,752.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP David A. Ranhoff sold 5,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $116.29, for a total transaction of $581,450.00. Following the transaction, the executive vice president now owns 119,948 shares in the company, valued at approximately $13,948,752.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mandy Yang purchased 4,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $104.24 per share, for a total transaction of $416,960.00. Following the purchase, the chief financial officer now owns 62,973 shares in the company, valued at $6,564,305.52. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 349,526 shares of company stock worth $43,721,225. 3.40% of the stock is currently owned by company insiders.

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.