Jupiter Topco LLC Makes New Investment in Enphase Energy, Inc. $ENPH

Jupiter Topco LLC acquired a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 137,420 shares of the semiconductor company’s stock, valued at approximately $6,766,000. Jupiter Topco LLC owned about 0.10% of Enphase Energy as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Enphase Energy by 431.9% during the second 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 buying an additional 514 shares during the period. Burnham & Co LLC purchased a new position in shares of Enphase Energy during the second quarter worth about $34,000. Ascentis Independent Advisors acquired a new position in Enphase Energy in the 1st quarter valued at about $33,000. Allworth Financial LP acquired a new position in Enphase Energy in the 2nd quarter valued at about $46,000. Finally, FNY Investment Advisers LLC purchased a new stake in Enphase Energy during the 2nd quarter valued at approximately $48,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Shanker Trivedi purchased 1,000 shares of the stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of $53.91 per share, with a total value of $53,910.00. Following the purchase, the director directly owned 1,000 shares in the company, valued at $53,910. This trade represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard Mora sold 1,500 shares of the stock in a transaction dated 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 transaction, the director owned 10,422 shares of the company’s stock, valued at $420,631.92. This represents a 12.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.90% of the stock is currently owned by company insiders.

Enphase Energy Stock Performance

Shares of ENPH stock opened at $37.25 on Monday. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 37.25 and a beta of 1.64. The stock has a 50 day simple moving average of $41.51 and a 200-day simple moving average of $43.77. Enphase Energy, Inc. has a 12-month low of $25.77 and a 12-month high of $73.74. The company has a current ratio of 3.45, a quick ratio of 2.95 and a debt-to-equity ratio of 0.48.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). Enphase Energy had a net margin of 10.09% and a return on equity of 13.31%. The business had revenue of $291.85 million during the quarter, compared to analysts’ expectations of $289.76 million. During the same quarter last year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was down 19.6% compared to the same quarter last year. On average, equities analysts forecast that Enphase Energy, Inc. will post 0.76 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on ENPH shares. Barclays raised Enphase Energy from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $30.00 to $51.00 in a research report on Thursday, June 18th. Roth Capital reissued a “buy” rating on shares of Enphase Energy in a report on Friday, May 22nd. Royal Bank Of Canada cut their price target on Enphase Energy from $54.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. The Goldman Sachs Group lifted their price objective on shares of Enphase Energy from $51.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Finally, Oppenheimer cut their price objective on shares of Enphase Energy from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and an average target price of $45.79.

About Enphase Energy

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.