Wall Street analysts expect Enphase Energy, Inc. (NASDAQ:ENPH) to report earnings of ($0.12) per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Enphase Energy’s earnings, with estimates ranging from ($0.17) to ($0.06). Enphase Energy posted earnings of ($0.36) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 66.7%. The company is scheduled to announce its next earnings report on Tuesday, August 1st.

According to Zacks, analysts expect that Enphase Energy will report full year earnings of ($0.50) per share for the current fiscal year, with EPS estimates ranging from ($0.53) to ($0.47). For the next financial year, analysts forecast that the company will post earnings of ($0.11) per share, with EPS estimates ranging from ($0.18) to $0.02. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Enphase Energy.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, May 9th. The semiconductor company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.05. The firm had revenue of $54.75 million for the quarter, compared to the consensus estimate of $62.72 million. Enphase Energy had a negative return on equity of 757.76% and a negative net margin of 22.98%. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.34) EPS.

Several research firms have issued reports on ENPH. Roth Capital set a $1.00 price objective on Enphase Energy and gave the stock a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research raised Enphase Energy from a “sell” rating to a “hold” rating in a report on Monday, July 3rd. Deutsche Bank AG raised Enphase Energy from a “sell” rating to a “hold” rating and set a $1.00 price objective on the stock in a report on Tuesday, June 20th. Craig Hallum set a $2.00 price objective on Enphase Energy and gave the stock a “buy” rating in a report on Monday, June 12th. Finally, ValuEngine downgraded Enphase Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $1.96.

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A number of institutional investors have recently added to or reduced their stakes in ENPH. Renaissance Technologies LLC purchased a new position in Enphase Energy during the fourth quarter worth about $412,000. Trellus Management Company LLC purchased a new position in Enphase Energy during the first quarter worth about $171,000. KBC Group NV boosted its position in Enphase Energy by 40.8% in the first quarter. KBC Group NV now owns 89,472 shares of the semiconductor company’s stock worth $123,000 after buying an additional 25,926 shares during the period. First Trust Advisors LP purchased a new position in Enphase Energy during the first quarter worth about $111,000. Finally, K2 Principal Fund L.P. purchased a new position in Enphase Energy during the first quarter worth about $106,000. Hedge funds and other institutional investors own 26.15% of the company’s stock.

Shares of Enphase Energy (NASDAQ ENPH) opened at 0.795 on Tuesday. Enphase Energy has a 1-year low of $0.65 and a 1-year high of $2.03. The company’s market cap is $67.00 million. The stock has a 50 day moving average price of $0.79 and a 200-day moving average price of $1.22.

About Enphase Energy

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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