Enphase Energy Receives Average Recommendation of “Buy” from Analysts (NASDAQ:ENPH)
Enphase Energy (NASDAQ:ENPH) has been given an average rating of “Buy” by the seven ratings firms that are currently covering the stock, Analyst Ratings News reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.00.
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.
Enphase Energy (NASDAQ:ENPH) opened at 12.64 on Wednesday. Enphase Energy has a 52 week low of $4.54 and a 52 week high of $12.81. The stock has a 50-day moving average of $10.28 and a 200-day moving average of $8.53. The company’s market cap is $542.8 million.
Enphase Energy (NASDAQ:ENPH) last released its earnings data on Tuesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 40.9% on a year-over-year basis. 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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