Brokerages forecast that Enphase Energy Inc (NASDAQ:ENPH) will announce ($0.12) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Enphase Energy’s earnings, with estimates ranging from ($0.17) to ($0.06). Enphase Energy reported earnings of ($0.36) per share in the same quarter last year, which suggests a positive year over year growth rate of 66.7%. The firm is scheduled to announce its next earnings report on Tuesday, August 1st.

On average, analysts expect that Enphase Energy will report full year earnings of ($0.50) per share for the current financial year, with EPS estimates ranging from ($0.53) to ($0.47). For the next year, analysts expect that the business will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.18) to $0.02. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Enphase Energy.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.05. The firm had revenue of $54.75 million during the quarter, compared to analyst estimates of $62.72 million. Enphase Energy had a negative net margin of 23.54% and a negative return on equity of 294.30%. Enphase Energy’s revenue was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.34) EPS.

A number of analysts have weighed in on the stock. Roth Capital set a $2.00 price objective on shares of Enphase Energy and gave the stock a “hold” rating in a report on Monday, February 27th. Zacks Investment Research cut shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Monday, May 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $2.29.

Several institutional investors have recently made changes to their positions in ENPH. Renaissance Technologies LLC acquired a new position in shares of Enphase Energy during the fourth quarter worth approximately $412,000. A.R.T. Advisors LLC boosted its position in shares of Enphase Energy by 547.5% in the fourth quarter. A.R.T. Advisors LLC now owns 220,154 shares of the semiconductor company’s stock valued at $222,000 after buying an additional 186,154 shares in the last quarter. Divisar Capital Management LLC purchased a new position in shares of Enphase Energy during the fourth quarter valued at about $914,000. Ancora Advisors LLC boosted its position in shares of Enphase Energy by 30.0% in the fourth quarter. Ancora Advisors LLC now owns 130,000 shares of the semiconductor company’s stock valued at $131,000 after buying an additional 30,000 shares in the last quarter. Finally, Trellus Management Company LLC purchased a new position in shares of Enphase Energy during the first quarter valued at about $171,000. 23.84% of the stock is currently owned by institutional investors and hedge funds.

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Enphase Energy (NASDAQ:ENPH) traded down 1.0862% on Friday, hitting $0.7194. 414,922 shares of the company traded hands. The firm’s market capitalization is $60.63 million. The stock’s 50-day moving average is $1.07 and its 200 day moving average is $1.28. Enphase Energy has a 12 month low of $0.65 and a 12 month high of $2.38.

Enphase Energy Company Profile

Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.

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