Enphase Energy (NASDAQ:ENPH) Director Richard Mora Sells 1,500 Shares of Stock

by · The Markets Daily

Enphase Energy, Inc. (NASDAQ:ENPH – Get Free Report) Director Richard Mora sold 1,500 shares of Enphase Energy stock in a transaction on Friday, August 14th. The shares were sold at an average price of $40.36, for a total transaction of $60,540.00. Following the completion of the sale, the director directly owned 10,422 shares of the company’s stock, valued at approximately $420,631.92. The trade was a 12.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Richard Mora also recently made the following trade(s):

  • On Thursday, July 30th, Richard Mora sold 2,000 shares of Enphase Energy stock. The shares were sold at an average price of $36.76, for a total transaction of $73,520.00.
  • On Monday, June 1st, Richard Mora sold 700 shares of Enphase Energy stock. The stock was sold at an average price of $64.20, for a total value of $44,940.00.
  • On Tuesday, May 19th, Richard Mora sold 700 shares of Enphase Energy stock. The stock was sold at an average price of $46.39, for a total transaction of $32,473.00.

Enphase Energy Stock Down 0.7%

Shares of ENPH traded down $0.30 during trading hours on Friday, reaching $40.48. 2,796,960 shares of the stock traded hands, compared to its average volume of 4,748,930. The company has a current ratio of 3.45, a quick ratio of 2.95 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $44.38 and a 200 day simple moving average of $44.06. Enphase Energy, Inc. has a 52 week low of $25.77 and a 52 week high of $73.74. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 40.48 and a beta of 1.64.

Enphase Energy (NASDAQ:ENPH – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The firm had revenue of $291.85 million during the quarter, compared to the consensus estimate of $289.76 million. Enphase Energy had a return on equity of 13.31% and a net margin of 10.09%.The company’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. On average, equities analysts forecast that Enphase Energy, Inc. will post 0.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ENPH shares. TD Cowen reduced their target price on Enphase Energy from $70.00 to $48.00 and set a “hold” rating for the company in a report on Monday, July 20th. Susquehanna decreased their price objective on shares of Enphase Energy from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. BMO Capital Markets lowered their price objective on shares of Enphase Energy from $39.00 to $37.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 29th. Oppenheimer dropped their target price on shares of Enphase Energy from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Finally, Citigroup reduced their target price on shares of Enphase Energy from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.61.

Get Our Latest Report on Enphase Energy

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ENPH. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Enphase Energy by 431.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 514 shares during the period. Activest Wealth Management lifted its position in shares of Enphase Energy by 52,000.0% during the fourth quarter. Activest Wealth Management now owns 1,042 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 1,040 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of Enphase Energy in the first quarter worth $33,000. Burnham & Co LLC bought a new position in shares of Enphase Energy in the second quarter worth $34,000. Finally, Danske Bank A S purchased a new position in shares of Enphase Energy in the third quarter valued at $39,000. 72.12% of the stock is owned by institutional investors.

About Enphase Energy

(Get Free Report)

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.

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