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

Enphase Energy, Inc. (NASDAQ:ENPH) – Stock analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for Enphase Energy in a research note issued to investors on Wednesday, June 26th. Zacks Research analyst R. Department now anticipates that the semiconductor company will post earnings of $1.10 per share for the year, down from their prior 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 posted its earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). The firm had revenue of $263.34 million during the quarter, compared to analysts’ expectations of $280.06 million. Enphase Energy had a return on equity of 31.89% and a net margin of 15.10%.

A number of other brokerages also recently issued reports on ENPH. Glj Research started coverage on Enphase Energy in a research report on Tuesday, June 25th. They set a “sell” rating and a $45.82 price objective on the stock. Jefferies Financial Group downgraded Enphase Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from $135.00 to $111.00 in a research report on Wednesday, April 24th. Roth Mkm restated a “buy” rating and set a $140.00 price objective on shares of Enphase Energy in a research report on Wednesday, April 24th. Barclays upgraded Enphase Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $115.00 to $134.00 in a research report on Friday, April 26th. Finally, Citigroup downgraded Enphase Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the company 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 issued a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Enphase Energy currently has an average rating of “Hold” and a consensus target price of $130.45.

Enphase Energy Price Performance

NASDAQ:ENPH opened at $97.26 on Monday. The company has a current ratio of 4.16, a quick ratio of 3.78 and a debt-to-equity ratio of 1.30. The company 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. Enphase Energy has a 12 month low of $73.49 and a 12 month high of $192.22. The business’s 50-day moving average is $116.78 and its 200 day moving average is $117.93.

Insider Activity

In other news, EVP David A. Ranhoff sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $123.27, for a total transaction of $616,350.00. Following the sale, the executive vice president now directly owns 107,943 shares in the company, valued at approximately $13,306,133.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Thurman J. Rodgers sold 319,526 shares of Enphase Energy stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $126.53, for a total value of $40,429,624.78. Following the sale, the director now directly owns 1,984,562 shares in the company, valued at approximately $251,106,629.86. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $123.27, for a total value of $616,350.00. Following the completion of the sale, the executive vice president now owns 107,943 shares in the company, valued at $13,306,133.61. The disclosure for this sale can be found here. Insiders have sold 349,526 shares of company stock worth $43,721,225 in the last ninety days. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Enphase Energy

Institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its stake in Enphase Energy by 48.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 88,696 shares of the semiconductor company’s stock worth $10,658,000 after purchasing an additional 29,013 shares in the last quarter. Cambridge Trust Co. lifted its stake in Enphase Energy by 3.0% in the 1st quarter. Cambridge Trust Co. now owns 6,925 shares of the semiconductor company’s stock worth $838,000 after purchasing an additional 200 shares in the last quarter. Cetera Investment Advisers lifted its stake in Enphase Energy by 279.6% in the 1st quarter. Cetera Investment Advisers now owns 24,248 shares of the semiconductor company’s stock worth $2,934,000 after purchasing an additional 17,861 shares in the last quarter. Swedbank AB purchased a new position in Enphase Energy in the 1st quarter worth approximately $424,130,000. Finally, National Wealth Management Group LLC purchased a new position in Enphase Energy in the 1st quarter worth approximately $511,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

About Enphase Energy

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.