Enphase Energy Falls 5% as Solar Sector Reverses After Rate Hike
Enphase Energy shares have dropped 5% as the solar sector reverses following the Federal Reserve's first rate hike in three years, a move driven by macro pressure rather than company-specific issues. New institutional data reveals a sharp split in sentiment, with several large funds exiting their positions while JPMorgan Chase enters, even as the company's CEO makes recent open-market purchases.
New data from GN auto stocks/energy-stocks: solar stocks highlights significant institutional divergence, noting that while major funds like Alyeska and D. E. Shaw cut their ENPH positions by over 80% in Q2 2026, JPMorgan Chase initiated a new position of over 2.4 million shares. The report also confirms that CEO Badrinarayanan Kothandaraman recently purchased 5,000 shares on the open market, contrasting with recent sales by other insiders.
Source: Quiver QuantitativeEnphase Energy shares retreated 5% on Friday, reversing earlier weekly gains as the solar sector faced renewed pressure following the Federal Reserve's first rate increase in three years.
Source: 247wallst.com
