Investing in Enphase Energy Inc. (ENPH) Is Getting More Attractive


In a filing, Enphase Energy Inc. revealed its EVP & Chief Commercial Officer RANHOFF DAVID A unloaded Company’s shares for reported $0.31 million on May 30. In the deal valued at $175.10 per share,1,791 shares were sold. As a result of this transaction, RANHOFF DAVID A now holds 82,644 shares worth roughly $ 10.64 million.

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Then, MORA RICHARD sold 1,500 shares, generating $248,880 in total proceeds. Upon selling the shares at $165.92, the Director now owns 3,126 shares.

Before that, Yang Mandy bought 3,500 shares. Enphase Energy Inc. shares valued at $549,022 were divested by the VP, Chief Financial Officer at a price of $156.86 per share. As a result of the transaction, Yang Mandy now holds 99,043 shares, worth roughly $12.75 million.

Wells Fargo downgraded its Enphase Energy Inc. [ENPH] rating to an Equal weight from a an Overweight in a research note published on Friday, July 28, 2023; the price target was decreased to $171 from $230. PT values the company’s stock at a premium of 24.72 to its Friday closing price.

Price Performance Review of ENPH

On Friday, Enphase Energy Inc. [NASDAQ:ENPH] saw its stock jump 1.74% to $128.73. On the same session, the stock had its day’s lowest price of $127.98, but rose to a high of $132.3344. Over the last five days, the stock has gained 3.74%. Enphase Energy Inc. shares have fallen nearly -51.42% since the year began. Nevertheless, the stocks have fallen -55.06% over the past one year. While a 52-week high of $339.92 was reached on 01/03/23, a 52-week low of $120.90 was recorded on 08/25/23. SMA at 50 days reached $152.63, while 200 days put it at $205.20. A total of 2.81 million shares were traded, compared to the trading of 2.41 million shares in the previous session.

Levels Of Support And Resistance For ENPH Stock

The 24-hour chart illustrates a support level at 127.03, which if violated will result in even more drops to 125.33. On the upside, there is a resistance level at 131.38. A further resistance level may holdings at 134.04. The Relative Strength Index (RSI) on the 14-day chart is 37.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.53%. Stochastics %K at 39.31% indicates the stock is a holding.

How much short interest is there in Enphase Energy Inc.?

A steep rise in short interest was recorded in Enphase Energy Inc. stocks on Aug 14, 2023, growing by 0.73 million shares to a total of 10.05 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 9.32 million shares. There was a rise of 7.26%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.76% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.15.

Enphase Energy Inc. [ENPH] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 15,415,432 shares, or roughly 11.31% of the outstanding ENPH shares. In other words, the investor’s shares have risen by 170,963 from its previous 13-F filing of 15244469.0. Additionally, BlackRock Fund Advisors increased 0.78% of its stake after which the total value it holdings stand at $1,348,509,877, while SSgA Funds Management, Inc. added 3.07% of its stake to hold $838.37 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 1,383,870 shares of Enphase Energy Inc., while BlackRock Advisors bought 167,278 shares. At present, Geode Capital Management LLC is holding 2,999,370 shares valued at $455.39 million. Invesco Capital Management LLC owned 2,555,907 shares of the company at the time of its most recent 13F filing, worth $388.06 million.

According to FactSet, Enphase Energy Inc.’s share price will average $198.34 in the next year, based on opinions of analysts polled by the firm. This is up nearly 58.07 percent from its previous closing price of $126.53. Analysts expect Enphase Energy Inc. stock to reach the higher price of $262.00, while the lowest price estimate is $135.00. However, 38 analysts have rated ENPH stock as an Overweight in their predictions for 2023.


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