Enphase Energy, Inc. (NASDAQ:ENPH) – Equities researchers at Oppenheimer Holdings reduced their Q3 2017 earnings estimates for Enphase Energy in a research report issued on Wednesday. Oppenheimer Holdings analyst C. Rusch now expects that the semiconductor company will post earnings per share of ($0.13) for the quarter, down from their prior estimate of ($0.04). Oppenheimer Holdings also issued estimates for Enphase Energy’s Q4 2017 earnings at ($0.04) EPS and FY2017 earnings at ($0.61) EPS.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, August 8th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.01. The business had revenue of $74.70 million for the quarter, compared to analyst estimates of $74.48 million. Enphase Energy had a negative return on equity of 1,232.10% and a negative net margin of 21.81%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period last year, the company posted ($0.30) EPS.

COPYRIGHT VIOLATION NOTICE: This story was first published by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/08/14/q3-2017-eps-estimates-for-enphase-energy-inc-lowered-by-analyst-enph.html.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Enphase Energy from a “hold” rating to a “sell” rating in a research report on Friday. Roth Capital set a $1.00 price target on Enphase Energy and gave the stock a “hold” rating in a research report on Thursday, June 22nd. Deutsche Bank AG raised Enphase Energy from a “sell” rating to a “hold” rating and set a $1.00 price target on the stock in a research report on Tuesday, June 20th. Craig Hallum set a $2.00 price target on Enphase Energy and gave the stock a “buy” rating in a research report on Monday, June 12th. Finally, ValuEngine downgraded Enphase Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $1.96.

Shares of Enphase Energy (NASDAQ ENPH) opened at 0.8185 on Monday. The company’s 50-day moving average is $0.87 and its 200-day moving average is $1.13. The firm’s market cap is $69.11 million. Enphase Energy has a 52-week low of $0.65 and a 52-week high of $2.03.

A number of hedge funds have recently made changes to their positions in ENPH. Vanguard Group Inc. raised its stake in shares of Enphase Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 1,939,428 shares of the semiconductor company’s stock valued at $1,678,000 after buying an additional 84,549 shares in the last quarter. Northern Trust Corp raised its stake in shares of Enphase Energy by 4.6% in the second quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 5,479 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Enphase Energy by 55.4% in the second quarter. First Trust Advisors LP now owns 125,973 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 44,908 shares in the last quarter. Divisar Capital Management LLC raised its stake in shares of Enphase Energy by 11.8% in the first quarter. Divisar Capital Management LLC now owns 1,011,838 shares of the semiconductor company’s stock valued at $1,386,000 after buying an additional 106,766 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Enphase Energy by 28.2% in the first quarter. Renaissance Technologies LLC now owns 523,033 shares of the semiconductor company’s stock valued at $717,000 after buying an additional 114,900 shares in the last quarter. 25.73% of the stock is currently owned by institutional investors and hedge funds.

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.

Receive News & Ratings for Enphase Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.