Stock Analysis

Insider Spends US$4.0m Buying More Shares In Enphase Energy

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Enphase Energy, Inc. (NASDAQ:ENPH) shareholders (or potential shareholders) will be happy to see that the Independent Director, Thurman Rodgers, recently bought a whopping US$4.0m worth of stock, at a price of US$123. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 1.3%.

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Enphase Energy Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Lead Independent Director, Steven Gomo, sold US$7.5m worth of shares at a price of US$303 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$124. So it may not shed much light on insider confidence at current levels.

In the last twelve months insiders purchased 96.90k shares for US$15m. But they sold 54.29k shares for US$17m. All up, insiders sold more shares in Enphase Energy than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NasdaqGM:ENPH Insider Trading Volume September 21st 2023

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Enphase Energy insiders own 3.5% of the company, currently worth about US$593m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Enphase Energy Tell Us?

It is good to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. The high levels of insider ownership, and the recent buying by an insider suggests they are well aligned and optimistic. Of course, the future is what matters most. So if you are interested in Enphase Energy, you should check out this free report on analyst forecasts for the company.

But note: Enphase Energy may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

What are the risks and opportunities for Enphase Energy?

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally.

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  • Trading at 41.6% below our estimate of its fair value

  • Earnings are forecast to grow 8.03% per year

  • Earnings grew by 93% over the past year


No risks detected for ENPH from our risks checks.

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