Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) - Equities research analysts at Zacks Research dropped their Q3 2024 earnings per share estimates for shares of Enphase Energy in a research note issued on Tuesday, September 17th. Zacks Research analyst R. Department now anticipates that the semiconductor company will earn $0.44 per share for the quarter, down from their previous forecast of $0.46. The consensus estimate for Enphase Energy's current full-year earnings is $1.19 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 $0.26 EPS, Q2 2025 earnings at $0.40 EPS, Q3 2025 earnings at $0.76 EPS, Q4 2025 earnings at $1.22 EPS, FY2025 earnings at $2.63 EPS, Q1 2026 earnings at $0.53 EPS, Q2 2026 earnings at $0.71 EPS and FY2026 earnings at $3.39 EPS.
Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). The company had revenue of $303.80 million for the quarter, compared to the consensus estimate of $309.73 million. Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. Enphase Energy's revenue was down 57.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 earnings per share.
Other equities research analysts also recently issued research reports about the stock. Piper Sandler raised their price target on shares of Enphase Energy from $111.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, July 22nd. Roth Mkm restated a "buy" rating and issued a $140.00 price target on shares of Enphase Energy in a research note on Wednesday, July 24th. Bank of America dropped their price objective on Enphase Energy from $71.00 to $70.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 17th. Canaccord Genuity Group decreased their target price on Enphase Energy from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Enphase Energy from $124.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, July 16th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy has a consensus rating of "Hold" and an average price target of $128.89.
Get Our Latest Research Report on Enphase Energy
Enphase Energy Stock Down 2.1 %
NASDAQ:ENPH traded down $2.46 on Friday, reaching $114.90. 3,698,295 shares of the stock traded hands, compared to its average volume of 3,836,521. The company has a current ratio of 4.23, a quick ratio of 3.90 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of 60.39, a PEG ratio of 5.84 and a beta of 1.72. Enphase Energy has a 12 month low of $73.49 and a 12 month high of $141.63. The company's fifty day simple moving average is $113.08 and its 200 day simple moving average is $114.70.
Institutional Investors Weigh In On Enphase Energy
Several institutional investors and hedge funds have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. lifted its stake in Enphase Energy by 14.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,385 shares of the semiconductor company's stock worth $138,000 after purchasing an additional 170 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Enphase Energy in the second quarter worth about $1,878,000. Creekside Partners bought a new position in Enphase Energy during the second quarter valued at approximately $362,000. Clearbridge Investments LLC grew its holdings in Enphase Energy by 58.6% during the 2nd quarter. Clearbridge Investments LLC now owns 165,529 shares of the semiconductor company's stock valued at $16,505,000 after buying an additional 61,178 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Enphase Energy during the 2nd quarter worth approximately $2,780,000. Institutional investors own 72.12% of the company's stock.
About Enphase Energy
(
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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.
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