Militia Capital Management LLC Takes $688,000 Position in Enphase Energy, Inc. $ENPH

Militia Capital Management LLC purchased a new stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,200 shares of the semiconductor company’s stock, valued at approximately $688,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ENPH. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Enphase Energy by 431.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 633 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 514 shares in the last quarter. Glass Jacobson Investment Advisors llc lifted its holdings in shares of Enphase Energy by 77.8% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 350 shares in the last quarter. Activest Wealth Management lifted its holdings 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 valued at $33,000 after purchasing an additional 1,040 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in shares of Enphase Energy during the first quarter valued at $33,000. Finally, Danske Bank A S purchased a new stake in shares of Enphase Energy during the third quarter valued at $39,000. 72.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Enphase Energy

In other news, Director Richard Mora sold 700 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $64.20, for a total transaction of $44,940.00. Following the completion of the sale, the director owned 13,922 shares of the company’s stock, valued at $893,792.40. The trade was a 4.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Shanker Trivedi acquired 1,000 shares of Enphase Energy stock in a transaction dated Friday, June 12th. The stock was bought at an average price of $53.91 per share, with a total value of $53,910.00. Following the completion of the purchase, the director directly owned 1,000 shares in the company, valued at $53,910. This represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.90% of the stock is owned by corporate insiders.

Enphase Energy Trading Down 1.7%

Enphase Energy stock opened at $38.89 on Friday. 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 $5.13 billion, a P/E ratio of 38.51 and a beta of 1.62. The company has a quick ratio of 3.20, a current ratio of 3.80 and a debt-to-equity ratio of 0.52. The business has a 50-day simple moving average of $51.77 and a two-hundred day simple moving average of $43.75.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. The firm had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $282.27 million. Enphase Energy had a net margin of 9.64% and a return on equity of 16.88%. The business’s quarterly revenue was down 20.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 EPS. Analysts predict that Enphase Energy, Inc. will post 0.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ENPH shares. Evercore set a $37.00 price objective on Enphase Energy in a report on Monday, May 4th. Barclays upgraded shares of Enphase Energy from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $30.00 to $51.00 in a research note on Thursday, June 18th. Citigroup reiterated a “neutral” rating on shares of Enphase Energy in a research note on Wednesday. Glj Research reissued a “sell” rating and set a $21.70 price objective on shares of Enphase Energy in a report on Thursday, June 11th. Finally, Roth Capital restated a “buy” rating on shares of Enphase Energy in a report on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $46.90.

Enphase Energy Company Profile

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.