Enphase Energy, Inc. (ENPH) Receives Average Rating of “Hold” from Analysts
Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $2.10.
ENPH has been the subject of a number of research analyst reports. ValuEngine lowered Enphase Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Craig Hallum set a $2.00 price target on Enphase Energy and gave the stock a “buy” rating in a research note on Monday, June 12th. Deutsche Bank AG raised Enphase Energy from a “sell” rating to a “hold” rating and set a $1.00 price target for the company in a research note on Tuesday, June 20th. Zacks Investment Research lowered Enphase Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, Roth Capital set a $1.00 price target on Enphase Energy and gave the stock a “hold” rating in a research note on Thursday, June 22nd.
Shares of Enphase Energy (ENPH) opened at 1.53 on Friday. Enphase Energy has a 12 month low of $0.65 and a 12 month high of $2.03. The firm has a 50-day moving average price of $0.99 and a 200 day moving average price of $1.03. The company’s market cap is $129.41 million.
Enphase Energy (NASDAQ:ENPH) last issued its quarterly 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). Enphase Energy had a negative return on equity of 1,232.10% and a negative net margin of 21.81%. The business had revenue of $74.70 million for the quarter, compared to the consensus estimate of $74.48 million. During the same period in the prior year, the business posted ($0.30) earnings per share. Enphase Energy’s revenue was down 5.7% on a year-over-year basis. Equities analysts predict that Enphase Energy will post ($0.31) earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in ENPH. First Trust Advisors LP purchased a new position in Enphase Energy during the 1st quarter worth $111,000. KBC Group NV grew its stake in Enphase Energy by 40.8% during the 1st 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 last quarter. Gilder Gagnon Howe & Co. LLC grew its stake in Enphase Energy by 2,281.8% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 898,485 shares of the semiconductor company’s stock worth $1,231,000 after buying an additional 860,762 shares during the last quarter. K2 Principal Fund L.P. purchased a new position in Enphase Energy during the 1st quarter worth $106,000. Finally, Wexford Capital LP purchased a new position in Enphase Energy during the 1st quarter worth $617,000. Hedge funds and other institutional investors own 19.78% of the company’s stock.
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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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