BlackRock Amends Enphase Energy Stake, Maintains Passive Position

TL;DR

**BlackRock still owns a big chunk of Enphase Energy, signaling continued institutional confidence.**

AI Summary

BlackRock, Inc. filed an amended Schedule 13G/A on February 6, 2024, indicating its ownership of Enphase Energy, Inc. common stock as of December 31, 2023. This amendment, the ninth for BlackRock regarding Enphase, shows that BlackRock continues to hold a significant passive stake in the solar energy company. This matters to investors because BlackRock's continued substantial ownership signals confidence in Enphase Energy's long-term prospects, potentially influencing other institutional and retail investors.

Why It Matters

BlackRock's consistent, large passive investment in Enphase Energy, Inc. suggests institutional confidence, which can be a positive signal for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative or positive risks to the company.

Analyst Insight

An investor should note BlackRock's continued passive stake as a sign of institutional stability, but this filing alone doesn't provide new information to warrant immediate action. It's a routine update confirming existing ownership.

Key Players & Entities

• BlackRock, Inc. (company) — the reporting person and institutional investor
• Enphase Energy, Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 6, 2024 (date) — the date the SC 13G/A was filed
• 29355A107 (other) — the CUSIP number for Enphase Energy, Inc. Common Stock

FAQ

From the Filing

0001086364-24-006689.txt : 20240206 0001086364-24-006689.hdr.sgml : 20240206 20240206093639 ACCESSION NUMBER: 0001086364-24-006689 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240206 DATE AS OF CHANGE: 20240206 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Enphase Energy, Inc. CENTRAL INDEX KEY: 0001463101 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 204645388 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86790 FILM NUMBER: 24598468 BUSINESS ADDRESS: STREET 1: 47281 BAYSIDE PARKWAY CITY: FREMONT STATE: CA ZIP: 94538 BUSINESS PHONE: (707) 763-4784 MAIL ADDRESS: STREET 1: 47281 BAYSIDE PARKWAY CITY: FREMONT STATE: CA ZIP: 94538 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us29355a1079_020524.txt us29355a1079_020524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 9) ENPHASE ENERGY INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 29355A107 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 29355A107 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 13389312 (6) Shared voting power 0 (7) Sole dispositive power 14437662 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 14437662 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 10.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- ENPHASE ENERGY INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 47281 BAYSIDE PARKWAY FREMONT CA 94538 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: --------------------------------