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Enphase Energy (NASDAQ:ENPH) shares reached a new 52-week high on Thursday , StockRatingsNetwork.com reports. The stock traded as high as $12.47 and last traded at $12.36, with a volume of 1,275,929 shares traded. The stock had previously closed at $11.55.

ENPH has been the subject of a number of recent research reports. Analysts at Imperial Capital raised their price target on shares of Enphase Energy from $12.00 to $13.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Enphase Energy in a research note on Wednesday, August 6th. They now have a $12.00 price target on the stock, up previously from $11.00. Finally, 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, August 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $13.00.

The stock’s 50-day moving average is $10.05 and its 200-day moving average is $8.4. The company’s market cap is $532.1 million.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data 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. On average, analysts predict that Enphase Energy will post $0.04 earnings per share for the current fiscal year.

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

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