Enphase Energy 株価情報 (NASDAQ: ENPH)

最新ニュース Enphase Energy (NASDAQ:ENPH) 株価情報

Enphase Energy

Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.

Enphase Energy Inc

ENPHYS ACQ CORP A by Enphys Acquisition Corp.

Enphys Acquisition Corp

Enphys Acquisition Corp Units (1 Ord Share Class A & 1/2 War)

Enphys Acquisition Corp Warrants (01/01/9999)

Renewable energy stocks present a buying opportunity despite recent electoral headwinds, according to UBS analysts, while Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk continues to <a href="https://www.benzinga.com/news/24/09/41059891/elon-musk-says-because-almost-none-of-you-do-your-math-sums-the-world-is-largely-not-using-the-big-f">advocate solar power&#8217;s future dominance</a>.
What Happened: UBS analysts on Thursday elevated U.S. and EU renewables to their top-ranking stock theme, citing an attractive entry point following steep post-election losses, <a href="https://markets.businessinsider.com/news/stocks/renewable-energy-stocks-election-trump-power-demand-data-centers-ubs-2024-11">reported</a> Business Insider. 
The announcement comes as clean energy shares have tumbled, with companies like Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) and Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) down over 24% since President-elect Donald Trump&#8216;s victory.
&#8220;The environment of an unrelenting power demand shock puts just about every source of power generation in a solid position to capitalize,&#8221; UBS analysts wrote, pointing to surging power needs from artificial intelligence data centers and corporate sustainability goals.
The analysts remain optimistic despite Trump&#8217;s expected scaling back of President Joe Biden-era clean energy initiatives. They argue that companies could &#8220;grandfather&#8221; existing subsidies and that state-level emission goals will sustain industry growth. 
See Also: <a href="https://www.benzinga.com/news/global/24/11/42129914/jim-cramer-doubles-down-on-nvidia-demand-is-accelerating-as-ai-customers-have-no-choice-but-to-buy-its-chips">Jim Cramer Doubles Down On Nvidia: &#8216;Demand Is Accelerating&#8217; As AI Customers &#8216;Have No Choice&#8217; But To Buy Its Chips</a>
This view comes as Trump, <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">who has appointed Musk</a> and Vivek Ramaswamy to co-lead his new Department of Government Efficiency named after cryptocurrency Dogecoin, advocates for increased drilling.
Musk, despite his new role in the incoming Trump administration, has historically remained bullish on renewable energy. &#8220;Once you understand Kardashev Scale, it becomes utterly obvious that essentially all energy generation will be solar,&#8221; he posted on X. He noted that a single square mile receives <a href="https://www.benzinga.com/news/24/09/41059891/elon-musk-says-because-almost-none-of-you-do-your-math-sums-the-world-is-largely-not-using-the-big-f">approximately 2.5 gigawatts of solar energy</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Once you understand Kardashev Scale, it becomes utterly obvious that essentially all energy generation will be solar. Also, just do the math on solar on Earth and you soon figure out that a relatively small corner of Texas or New Mexico can easily serve all US electricity.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1839439841337225277?ref_src=twsrc%5Etfw">September 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
UBS recommends several stocks poised for gains, including NextEra Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) and Generac Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) in the U.S., along with European players like Iberdrola (OTC:<a class="ticker" href="https://www.benzinga.com/stock/IBDRY#OTC">IBDRY</a>), Siemens Energy (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SMEGF#OTC">SMEGF</a>), and Orsted (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DOGEF#OTC">DOGEF</a>). The analysts cite historical precedent, noting that solar installations grew 50% during Trump&#8217;s previous term.
The renewable sector&#8217;s growth potential is further supported by expanding applications, including Musk&#8217;s recent suggestion that SpaceX&#8217;s Starlink satellite network could integrate <a href="https://www.benzinga.com/news/24/10/41648885/spacex-ceo-elon-musk-agrees-that-starlink-could-combine-hardware-with-solar-panels-and-batteries">solar panels and batteries into its hardware offering</a>.
While Trump&#8217;s &#8220;drill baby, drill&#8221; <a href="https://www.benzinga.com/news/24/09/40703958/trumps-drill-baby-drill-pledge-may-not-deliver-promised-energy-price-cuts-experts-warn">stance has rattled markets</a>, UBS maintains that investor concerns about the sector&#8217;s future may be &#8220;overdone,&#8221; as corporate and state-level commitments to clean energy persist alongside growing power demands from emerging technologies.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42127938/bitcoin-analyst-warns-of-4-6-flash-crashes-before-year-end-as-it-inches-closer-to-100k-thats-the-moment-altcoins-shoot-off">Bitcoin Analyst Warns Of &#8216;4-6 Flash Crashes&#8217; Before Year-End As It Inches Closer To $100K: That&#8217;s The Moment Altcoins &#8216;Shoot Off&#8217;</a></li>
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Photo via Unsplash
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Analyst Color

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News

Markets

DOGEF

ENPH

GNRC

IBDRY

PLUG

SMEGF

TSLA

As Trump Backs 'Drill Baby, Drill,' His DOGE Co-Lead Elon Musk Believes 'All Energy Generation Will Be Solar' — Here's What UBS Recommends After Election Dip

Badri Kothandaraman, President &amp; CEO at Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), disclosed an insider purchase on November 20, based on a new SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001463101/000146310124000147//Archives/edgar/data/1463101/000146310124000147/0001463101-24-000147-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday unveiled that Kothandaraman made a notable purchase of 5,000 shares of Enphase Energy, valuing at $308,727.
Enphase Energy's shares are actively trading at $63.78, experiencing a up of 0.64% during Thursday's morning session.
<h3>Unveiling the Story Behind Enphase Energy</h3>
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.
<h3>Enphase Energy's Economic Impact: An Analysis</h3>
Decline in Revenue: Over the 3 months period, Enphase Energy faced challenges, resulting in a decline of approximately -30.89% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Insights into Profitability:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 46.78%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Enphase Energy exhibits below-average bottom-line performance with a current EPS of 0.34.
</li>
</ul>
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.4, caution is advised due to increased financial risk.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: Enphase Energy's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 137.78.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 6.93 is above industry norms, reflecting an elevated valuation for Enphase Energy's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio of 52.9, the company's market valuation exceeds industry averages.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Understanding the Significance of Insider Transactions</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Exploring Key Transaction Codes</h3>
Digging into the details of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001463101">Check Out The Full List Of Enphase Energy's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Badri Kothandaraman Boosts Confidence With $308K Purchase Of Enphase Energy Stock

Enphase Energy Launches IQ PowerPack 1500, A 1,500Wh Portable Energy System Now Available For Pre-Order In The US And Canada, Designed To Power Small Appliances Anywhere

Canaccord Genuity analyst Austin Moeller maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Hold and maintains $76 price target.

Price Target

Analyst Ratings

Canaccord Genuity Maintains Hold on Enphase Energy, Maintains $76 Price Target

Financial giants have made a conspicuous bullish move on Enphase Energy. Our analysis of options history for Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) revealed 26 unusual trades.
Delving into the details, we found 80% of traders were bullish, while 7% showed bearish tendencies. Out of all the trades we spotted, 24 were puts, with a value of $1,255,955, and 2 were calls, valued at $82,589.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $115.0 for Enphase Energy over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Enphase Energy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Enphase Energy's substantial trades, within a strike price spectrum from $60.0 to $115.0 over the preceding 30 days.
<h3>Enphase Energy Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732030299_0_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$51.5</td>
<td>$49.75</td>
<td>$49.85</td>
<td>$111.00</td>
<td>$99.5K</td>
<td>0</td>
<td>20</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$19.9</td>
<td>$18.75</td>
<td>$19.3</td>
<td>$80.00</td>
<td>$84.8K</td>
<td>7.6K</td>
<td>16</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$19.65</td>
<td>$19.45</td>
<td>$19.47</td>
<td>$80.00</td>
<td>$77.9K</td>
<td>7.6K</td>
<td>1.5K</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$19.8</td>
<td>$18.85</td>
<td>$19.26</td>
<td>$80.00</td>
<td>$76.9K</td>
<td>7.6K</td>
<td>248</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$19.7</td>
<td>$18.95</td>
<td>$19.2</td>
<td>$80.00</td>
<td>$69.1K</td>
<td>7.6K</td>
<td>308</td>
</tr>
</tbody>
</table>

<h3>About Enphase Energy</h3>
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.
Following our analysis of the options activities associated with Enphase Energy, we pivot to a closer look at the company's own performance.
<h3>Enphase Energy's Current Market Status</h3>
<ul>
<li>Trading volume stands at 808,185, with ENPH's price down by -1.04%, positioned at $61.75.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 77 days.</li>
</ul>
<h3>Expert Opinions on Enphase Energy</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $87.6.
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&#x2A; An analyst from Piper Sandler persists with their Neutral rating on Enphase Energy, maintaining a target price of $85. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Enphase Energy, targeting a price of $88. 
&#x2A; An analyst from Raymond James has decided to maintain their Outperform rating on Enphase Energy, which currently sits at a price target of $130. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Enphase Energy, which currently sits at a price target of $74. 
&#x2A; Reflecting concerns, an analyst from Jefferies lowers its rating to Underperform with a new price target of $61.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Enphase Energy with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Unpacking the Latest Options Trading Trends in Enphase Energy

Northland Capital Markets analyst Gus Richard maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Outperform and lowers the price target from $110 to $90.

Northland Capital Markets Maintains Outperform on Enphase Energy, Lowers Price Target to $90

WIIM

Enphase Energy shares are trading higher after the company announced it started US shipments of IQ battery 5P's and is now eligible to qualify for credits under the Inflation Reduction Act.

Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), a microinverter-based solar and battery system supplier, announced its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g42034265/enphase-energy-begins-shipments-for-iq-battery-5ps-produced-in-the-united-states" rel="noreferrer noopener">first shipments of the U.S.-produced IQ Battery 5Ps</a>.
These new units are expected to help solar projects qualify for the Domestic Content Bonus Credit, a tax incentive under the Inflation Reduction Act (IRA) designed to boost domestic manufacturing and <a target="_blank" href="https://www.benzinga.com/news/24/11/41822665/why-enphase-energy-enph-shares-are-falling" rel="noreferrer noopener">promote clean energy.</a>
The bonus credit targets commercial asset owners, including businesses installing solar systems and PPA/lease providers for residential projects. By incorporating Enphase&#8217;s U.S.-made microinverters, batteries, and additional domestic racking equipment, these projects may become eligible for the tax benefit.
&#8220;This marks a powerful shift for Enphase and our customers,&#8221; said Ken Fong, vice president and general manager of the Americas at Enphase Energy.
&#8220;The launch of IQ Batteries and IQ8 Microinverters from U.S. contract manufacturing facilities is a testament to our focus on providing reliable, forward-thinking solutions that meet the evolving needs of American homeowners. We&#8217;re not just advancing clean energy but are also building a foundation for resilient communities by investing in domestic manufacturing and delivering top-tier technology to the market.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/mid-cap/24/11/41884343/enphase-unveils-ai-powered-diy-solar-permits-details" rel="noreferrer noopener">Enphase Unveils AI-Powered DIY Solar Permits: Details</a>
Recently, Enphase shipped IQ8HC Microinverters from U.S. facilities with higher domestic content. Both IQ Battery 5Ps and IQ8HC units had a &#8220;DOM&#8221; SKU, indicating domestic production.
Enphase urged customers to consult legal and tax experts about the Domestic Content Bonus Credit. Further details were provided on the company&#8217;s website.
Price Action: ENPH shares traded higher by 1.01% at $60.12 at the last check Monday.
Photo via Shutterstock

Enphase Energy Powers Up with US-Made IQ Batteries: Unlocking Bonus Tax Credits

Enphase Energy Starts U.S. Shipments Of IQ Battery 5Ps, Enabling Projects To Qualify For Domestic Content Bonus Credit Under The Inflation Reduction Act

A new SEC filing reveals that Badri Kothandaraman, President &amp; CEO at Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), made a notable insider purchase on November 14,.
What Happened: Kothandaraman demonstrated confidence in Enphase Energy by purchasing 5,000 shares, as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001463101/000146310124000146//Archives/edgar/data/1463101/000146310124000146/0001463101-24-000146-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value of the transaction is $301,902.
As of Friday morning, Enphase Energy shares are up by 1.79%, currently priced at $64.7.
<h3>Get to Know Enphase Energy Better</h3>
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.
<h3>Enphase Energy: Financial Performance Dissected</h3>
Decline in Revenue: Over the 3 months period, Enphase Energy faced challenges, resulting in a decline of approximately -30.89% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 46.78%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Enphase Energy's EPS is below the industry average. The company faced challenges with a current EPS of 0.34. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.4, caution is advised due to increased financial risk.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Enphase Energy's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 138.17.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 6.95 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Boasting an EV/EBITDA ratio of 53.06, Enphase Energy demonstrates a robust market valuation, outperforming industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>Uncovering the Importance of Insider Activity</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001463101">Check Out The Full List Of Enphase Energy's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Badri Kothandaraman Takes a Bullish Stance: Acquires $301K In Enphase Energy Stock

Morgan Stanley analyst Andrew Percoco maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Equal-Weight and lowers the price target from $93 to $74.

Morgan Stanley Maintains Equal-Weight on Enphase Energy, Lowers Price Target to $74

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$149.00</td>
<td>$25.6K</td>
<td>37.8K</td>
<td>114.6K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$227.50</td>
<td>$56.3K</td>
<td>4.2K</td>
<td>9.3K</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$62.00</td>
<td>$83.6K</td>
<td>891</td>
<td>2.2K</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$8.00</td>
<td>$74.0K</td>
<td>4.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$64.00</td>
<td>$32.1K</td>
<td>2.9K</td>
<td>376</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$170.00</td>
<td>$37.5K</td>
<td>5.7K</td>
<td>356</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$190.00</td>
<td>$25.8K</td>
<td>1.2K</td>
<td>278</td>
</tr>
<tr>
<td>CIFR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$3.00</td>
<td>$72.1K</td>
<td>1.7K</td>
<td>230</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$53.00</td>
<td>$36.0K</td>
<td>221</td>
<td>215</td>
</tr>
<tr>
<td>LRCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$75.00</td>
<td>$33.8K</td>
<td>861</td>
<td>192</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with bearish sentiment. It expires in 1 day(s) on November 15, 2024. Parties traded 400 contract(s) at a $149.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $64.0 per contract. There were 37833 open contracts at this strike prior to today, and today 114646 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on November 15, 2024. Parties traded 397 contract(s) at a $227.50 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $56.3K, with a price of $142.0 per contract. There were 4209 open contracts at this strike prior to today, and today 9333 contract(s) were bought and sold. 
• For ENPH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on November 15, 2024. This event was a transfer of 836 contract(s) at a $62.00 strike. This particular call needed to be split into 58 different trades to become filled. The total cost received by the writing party (or parties) was $83.6K, with a price of $101.0 per contract. There were 891 open contracts at this strike prior to today, and today 2269 contract(s) were bought and sold. 
• For IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), we notice a call option sweep that happens to be bearish, expiring in 127 day(s) on March 21, 2025. This event was a transfer of 200 contract(s) at a $8.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $74.0K, with a price of $370.0 per contract. There were 4316 open contracts at this strike prior to today, and today 1217 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a put option trade with bullish sentiment. It expires in 36 day(s) on December 20, 2024. Parties traded 7 contract(s) at a $64.00 strike. The total cost received by the writing party (or parties) was $32.1K, with a price of $4597.0 per contract. There were 2961 open contracts at this strike prior to today, and today 376 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on November 15, 2024. This event was a transfer of 158 contract(s) at a $170.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $37.5K, with a price of $239.0 per contract. There were 5758 open contracts at this strike prior to today, and today 356 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option trade with bearish sentiment. It expires in 99 day(s) on February 21, 2025. Parties traded 17 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $25.8K, with a price of $1518.0 per contract. There were 1276 open contracts at this strike prior to today, and today 278 contract(s) were bought and sold. 
• For CIFR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>), we notice a call option sweep that happens to be bearish, expiring in 127 day(s) on March 21, 2025. This event was a transfer of 200 contract(s) at a $3.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $72.1K, with a price of $365.0 per contract. There were 1726 open contracts at this strike prior to today, and today 230 contract(s) were bought and sold. 
• For CSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on November 15, 2024. This event was a transfer of 70 contract(s) at a $53.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $515.0 per contract. There were 221 open contracts at this strike prior to today, and today 215 contract(s) were bought and sold. 
• For LRCX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), we notice a put option sweep that happens to be bullish, expiring in 64 day(s) on January 17, 2025. This event was a transfer of 72 contract(s) at a $75.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $33.8K, with a price of $469.0 per contract. There were 861 open contracts at this strike prior to today, and today 192 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

AVGO

CIFR

CSCO

IREN

LRCX

NVDA

SMCI

10 Information Technology Stocks Whale Activity In Today's Session

<a href="https://www.globenewswire.com/Tracker?data=BS5dtPHbTP_7YV-A_pzLdhSmjh81pJS_2LhBoidMUnXd2dLUvYFXROtCmHuuogQ2AAlqUvmP-dciuS9W0kB-aHpupo4SOkE7OxvAAXQXhbI=">Enphase Energy, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced a safe harbor agreement with IGS Solar, a top solar finance company, to help expand deployments of Enphase's IQ8&#x2122; Microinverters supplied from manufacturing facilities in the United States. Enphase IQ8HC&#x2122; Microinverters that have SKUs with a "DOM" suffix, paired with other U.S.-made solar equipment, enable IGS Solar-financed leases to qualify for the domestic content bonus tax credit under the Inflation Reduction Act (IRA).

Enphase Energy Announces Safe Harbor Agreement With IGS Solar To Expand Deployments Of IQ8 Microinverters Produced In The U.S.

Enphase Energy shares are trading lower after Canaccord Genuity maintained a Hold rating on the stock and lowered its price target from $95 to $76.

Canaccord Genuity analyst Austin Moeller maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Hold and lowers the price target from $95 to $76.

Canaccord Genuity Maintains Hold on Enphase Energy, Lowers Price Target to $76

Whales with a lot of money to spend have taken a noticeably bearish stance on Enphase Energy.
Looking at options history for Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $275,544 and 2, calls, for a total amount of $71,103.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $110.0 for Enphase Energy during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Enphase Energy options trades today is 942.25 with a total volume of 192.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Enphase Energy's big money trades within a strike price range of $55.0 to $110.0 over the last 30 days.
<h3>Enphase Energy 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731426348_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$49.05</td>
<td>$48.25</td>
<td>$48.24</td>
<td>$110.00</td>
<td>$72.3K</td>
<td>0</td>
<td align="right">15</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.35</td>
<td>$3.3</td>
<td>$3.3</td>
<td>$55.00</td>
<td>$49.8K</td>
<td>1.8K</td>
<td align="right">18</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$16.15</td>
<td>$13.75</td>
<td>$13.7</td>
<td>$70.00</td>
<td>$41.1K</td>
<td>486</td>
<td align="right">30</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$14.4</td>
<td>$14.2</td>
<td>$14.2</td>
<td>$70.00</td>
<td>$38.3K</td>
<td>700</td>
<td align="right">36</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$33.65</td>
<td>$32.95</td>
<td>$33.37</td>
<td>$95.00</td>
<td>$33.3K</td>
<td>741</td>
<td align="right">10</td>
</tr>
</tbody>
</table>

<h3>About Enphase Energy</h3>
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.
Following our analysis of the options activities associated with Enphase Energy, we pivot to a closer look at the company's own performance.
<h3>Where Is Enphase Energy Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 2,034,768, the ENPH's price is down by -2.58%, now at $62.02. </li>
<li>RSI readings suggest the stock is currently may be oversold.</li>
<li>Anticipated earnings release is in 84 days.</li>
</ul>
<h3>Expert Opinions on Enphase Energy</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $96.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Piper Sandler has decided to maintain their Neutral rating on Enphase Energy, which currently sits at a price target of $85. 
&#x2A; In a cautious move, an analyst from HSBC downgraded its rating to Hold, setting a price target of $81. 
&#x2A; Maintaining their stance, an analyst from Roth MKM continues to hold a Buy rating for Enphase Energy, targeting a price of $100. 
&#x2A; Maintaining their stance, an analyst from Susquehanna continues to hold a Neutral rating for Enphase Energy, targeting a price of $85. 
&#x2A; Maintaining their stance, an analyst from Seaport Global continues to hold a Buy rating for Enphase Energy, targeting a price of $129. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Enphase Energy, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Enphase Energy Unusual Options Activity For November 12

Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) introduced a new DIY permit plan <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g41876565/enphase-energy-unveils-ai-powered-diy-permitting-feature-for-solargraf-slashing-solar-permit-plan-" rel="noreferrer noopener">feature on its Solargraf platform</a>.
This feature automates the complex permitting process for solar and battery installations using AI and machine learning, reducing permit preparation time by up to 95% for U.S. installers.
The new DIY permit plan feature makes Solargraf a complete end-to-end platform for solar and battery system design, proposals, and permitting. This tool helps installers improve productivity and reduce costs by streamlining workflows and shortening cycle times.
Jayant Somani, senior vice president of the digital business unit at Enphase Energy, said, &#8220;With more than 300 permit plans already generated across more than 50 AHJs, the new DIY permitting feature is proven to streamline the solar permitting process and empower installers to operate more efficiently, delivering exceptional service to homeowners.&#8221;
Ryan Hurlock, co-founder of Magic Sun Solar, added, &#8220;We can now use a single software application to manage the full life cycle of the job beginning with the proposal creation through the system design phase. We are excited to start using this new feature to trim our workflow and give our customers an even more seamless experience, which is unique in the market.&#8221;
Last month, &nbsp;the company reported worse-than-expected financial results for the third quarter, with revenue of&nbsp;$380.9 million missing the&nbsp;estimate of $391.979 million and EPS of 65 cents coming <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41488921/enphase-energy-stock-is-diving-wednesday-whats-going-on" rel="noreferrer noopener">below the estimate of 77 cents</a>.
Also as per a regulatory <a target="_blank" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1463101/000146310124000145/enph-20241107.htm" rel="noreferrer noopener">filing </a>last week, Enphase Energy notified its employees of a restructuring plan on November&nbsp;7, that it will reduce headcount and move certain functions to cost-efficient regions, affecting approximately 17% of its global workforce &#8211; approximately 500 employees and contractors.
In addition, the company will streamline its operations by focusing on contract manufacturing in four existing locations: two in the U.S., one in India, and one in China. It will also cease its contract manufacturing operations in Guadalajara, Mexico.
The company estimates that it will incur approximately $17 million to $20 million in restructuring and asset impairment charges, of which approximately $14 million are expected to be incurred in the fourth quarter of 2024 and approximately $11 million to $12 million will be total cash expenditures.&nbsp;
Investors can gain exposure to the stock via&nbsp;Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) and First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>).
Price Action: ENPH shares are down 4.56% at $63.85 at the last check Monday.
Photo via Shutterstock
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41856843/solaredge-is-a-show-me-story-after-disappointing-q3-analyst" target="_blank" rel="noreferrer noopener">SolarEdge Is A &#8216;Show-Me Story&#8217; After Disappointing Q3: Analyst</a></li>
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Mid Cap

First Trust NASDAQ Clean Edge Green Energy Index Fund

QCLN

Enphase Unveils AI-Powered DIY Solar Permits: Details

Guidance

Management

Enphase Energy To Cut Global Workforce By 17%, Incur $17M-$20M In Restructuring Charges; Ceases Contract Manufacturing In Mexico; Q4 Financial Outlook Unchanged Except For GAAP Expenses; Plans Merit-Based Salary Increases And Promotion Process For 2025

SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) reported worse-than-expected third-quarter results on Wednesday and analysts are weighing in on what is <a href="https://www.benzinga.com/news/earnings/24/11/41806208/solaredges-tough-q3-revenue-miss-multi-billion-impairment-bleak-forecast-more">next for the company. </a>
Truist on SEDG: Truist analyst Jordan Levy highlighted prior commentary from Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) on weakness in the European market as forewarning for SolarEdge's disappointing results and guidance. 
SolarEdge expects revenue of between $180 million and $200 million for the fourth quarter, below the consensus of $308.66 million. 
Levy said market weakness is cyclical and sees SolarEdge as a "show-me story" over the coming quarters.&nbsp;
Truist reiterated its Hold rating on SolarEdge and lowered its price target from $20 to $15.&nbsp;
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BMO on SEDG: BMO Capital Markets analyst Ameet Thakkar pointed to Solar Edge's "disappointing update" and "meaningfully" lowered the price target on the stock from $21 to $12 as the European market "has gone from bad to worse."&nbsp;
The BMO analyst maintained a Market Perform rating and said SolarEdge should see growth alongside solar demand.&nbsp;
However, Thakkar said the company's management leaves him cautious and he would like to see "more urgency" in the rate of change to the company's cost structure and operational expenditures.&nbsp;
"At this point, given the already over 80% ytd decline in company share price, high short interest, and SEDG belatedly taking more decisive actions to clear its product channel in Europe we await to see if any progress emerges," the BMO analyst wrote.
SEDG Price Action: According to data from Benzinga Pro, SolarEdge Technologies shares are down 9.74% at $13.43 at the time of publication Friday.&nbsp;
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Image: Shutterstock

Movers

SEDG

SolarEdge Is A 'Show-Me Story' After Disappointing Q3: Analyst

33 analysts have expressed a variety of opinions on Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">5</td>
<td align="right">6</td>
<td align="right">17</td>
<td align="right">3</td>
<td align="right">2</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">5</td>
<td align="right">6</td>
<td align="right">13</td>
<td align="right">3</td>
<td align="right">1</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $100.45, along with a high estimate of $145.00 and a low estimate of $61.00. Observing a downward trend, the current average is 16.42% lower than the prior average price target of $120.19. 
<img src="https://www.benzinga.com/files/images/story/2024/1731089390_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Enphase Energy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Daniel Yang</td>
<td>HSBC</td>
<td>Lowers</td>
<td>Hold</td>
<td>$81.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>Sean Milligan</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$61.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>Julien Dumoulin-Smith</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$62.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Tom Curran</td>
<td>Seaport Global</td>
<td>Lowers</td>
<td>Buy</td>
<td>$129.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Gus Richard</td>
<td>Northland Capital Markets</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$110.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$85.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Vikram Bagri</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$88.00</td>
<td>$99.00</td>
</tr>
<tr>
<td>Chris Dendrinos</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$85.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$114.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Austin Moeller</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Hold</td>
<td>$95.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Mark Strouse</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$120.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Philip Shen</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Buy</td>
<td>$100.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Brian Lee</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Buy</td>
<td>$145.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>James West</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$125.00</td>
<td>$133.00</td>
</tr>
<tr>
<td>Pavel Molchanov</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$130.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Eric Stine</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Buy</td>
<td>$123.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$85.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Colin Rusch</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$101.00</td>
<td>$134.00</td>
</tr>
<tr>
<td>Joseph Osha</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Sell</td>
<td>$73.00</td>
<td>-</td>
</tr>
<tr>
<td>Andrew Percoco</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$93.00</td>
<td>$102.00</td>
</tr>
<tr>
<td>Sean Milligan</td>
<td>Janney Montgomery Scott</td>
<td>Announces</td>
<td>Neutral</td>
<td>$83.00</td>
<td>-</td>
</tr>
<tr>
<td>Vikram Bagri</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$99.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$105.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$104.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Jordan Levy</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$110.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Chris Dendrinos</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$100.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Ameet Thakkar</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$104.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Julien Dumoulin-Smith</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$84.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Andrew Percoco</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$102.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Joseph Osha</td>
<td>Guggenheim</td>
<td>Lowers</td>
<td>Sell</td>
<td>$90.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>Ameet Thakkar</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$114.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Dushyant Ailani</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$115.00</td>
<td>$111.00</td>
</tr>
<tr>
<td>Andrew Percoco</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$100.00</td>
<td>$98.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Enphase Energy. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Enphase Energy compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Enphase Energy's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Enphase Energy's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ENPH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Enphase Energy analyst ratings.</a>
<h2>Delving into Enphase Energy's Background</h2>
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.
<h3>Unraveling the Financial Story of Enphase Energy</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Enphase Energy's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -30.89%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Enphase Energy's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 12.02%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Enphase Energy's ROE stands out, surpassing industry averages. With an impressive ROE of 5.04%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Enphase Energy's ROA excels beyond industry benchmarks, reaching 1.42%. This signifies efficient management of assets and strong financial health.
Debt Management: Enphase Energy's debt-to-equity ratio surpasses industry norms, standing at 1.4. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Basics of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Enphase Energy Stock: Analyst Perspectives (33 Ratings)

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AKAM

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Enphase Energy Announces Safe Harbor Agreement with IGS Solar to Expand Deployments of IQ8 Microinverters Produced in the United States

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