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Research analysts at Imperial Capital upped their price target on shares of Enphase Energy (NASDAQ:ENPH) from $12.00 to $13.00 in a report released on Wednesday. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price objective would indicate a potential upside of 12.17% from the stock’s previous close.

Shares of Enphase Energy (NASDAQ:ENPH) traded up 0.78% during mid-day trading on Wednesday, hitting $11.59. The stock had a trading volume of 521,860 shares. Enphase Energy has a 52 week low of $4.54 and a 52 week high of $12.19. The stock’s 50-day moving average is $9.79 and its 200-day moving average is $8.39. The company’s market cap is $494.3 million.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, August 5th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.01. The company had revenue of $82.00 million for the quarter, compared to the consensus estimate of $71.11 million. During the same quarter last year, the company posted ($0.12) earnings per share. Enphase Energy’s revenue was up 40.9% compared to the same quarter last year. Analysts expect that Enphase Energy will post $-0.01 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Enphase Energy in a research note on Wednesday. They now have a $12.00 price target on the stock, up previously from $11.00. Separately, analysts at Roth Capital raised their price target on shares of Enphase Energy from $10.00 to $15.00 in a research note on Wednesday. Finally, analysts at Canaccord Genuity raised their price target on shares of Enphase Energy from $11.00 to $12.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $13.00.

Enphase Energy, Inc (NASDAQ:ENPH), designs, develops and sells microinverter systems for the solar photovoltaic industry.

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