On May 10, 2023 at 13:11:27 ET an unusually large $17,745.00K block of Put contracts in Enphase Energy (ENPH) was sold, with a strike price of $220.00 / share, expiring in 9 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.29 sigmas above the mean, placing it in the 90.18th percentile of all recent large trades made in ENPH options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 1907 funds or institutions reporting positions in Enphase Energy. This is an increase of 129 owner(s) or 7.26% in the last quarter. Average portfolio weight of all funds dedicated to ENPH is 0.48%, a decrease of 12.54%. Total shares owned by institutions increased in the last three months by 1.79% to 115,156K shares. The put/call ratio of ENPH is 0.89, indicating a bullish outlook.

Analyst Price Forecast Suggests 86.14% Upside

As of April 24, 2023, the average one-year price target for Enphase Energy is 293.79. The forecasts range from a low of 212.10 to a high of $383.25. The average price target represents an increase of 86.14% from its latest reported closing price of 157.83.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Enphase Energy is 3,242MM, an increase of 23.95%. The projected annual non-GAAP EPS is 5.41.

What are Other Shareholders Doing?

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 4,132K shares representing 3.02% ownership of the company. In it’s prior filing, the firm reported owning 4,040K shares, representing an increase of 2.23%. The firm decreased its portfolio allocation in ENPH by 9.81% over the last quarter.

VIMSX – Vanguard Mid-Cap Index Fund Investor Shares holds 3,164K shares representing 2.31% ownership of the company. In it’s prior filing, the firm reported owning 3,121K shares, representing an increase of 1.36%. The firm decreased its portfolio allocation in ENPH by 11.08% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares holds 3,142K shares representing 2.29% ownership of the company. In it’s prior filing, the firm reported owning 3,071K shares, representing an increase of 2.28%. The firm decreased its portfolio allocation in ENPH by 9.98% over the last quarter.

Geode Capital Management holds 2,846K shares representing 2.08% ownership of the company. In it’s prior filing, the firm reported owning 2,771K shares, representing an increase of 2.64%. The firm decreased its portfolio allocation in ENPH by 9.32% over the last quarter.

Invesco holds 2,633K shares representing 1.92% ownership of the company. In it’s prior filing, the firm reported owning 2,865K shares, representing a decrease of 8.83%. The firm decreased its portfolio allocation in ENPH by 20.16% over the last quarter.

Enphase Energy Background Information
(This description is provided by the company.)

Enphase Energy, a global energy technology company, delivers smart, easy-to-use solutions that manage solar generation, storage and communication on one intelligent platform. The Company revolutionized the solar industry with its microinverter technology and produces a fully integrated solar-plus-storage solution. Enphase has shipped more than 32 million microinverters, and approximately 1.4 million Enphase-based systems have been deployed in more than 130 countries.

See all Enphase Energy regulatory filings.

This article originally appeared on Fintel

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