Lazard Asset Management sold 4,046,448 shares of Enphase Energy on August 9, 2026. This transaction reduced the firm's stake by 99.9%. Lazard now holds a remaining balance of 5,495 shares.
Enphase reported Q2 revenue that fell 19.6% year-over-year. Reported revenue exceeded analyst expectations despite the decline. Earnings per share for the period slightly missed analyst estimates.
Persistent weakness in residential solar demand remains a primary headwind. The firm is currently pivoting toward manufacturing power electronics for U.S. AI data centers. Analysts maintain a consensus Hold rating on the stock, despite insider share purchases recorded earlier this year.