Enphase Energy, Inc. (ENPH) Receives Average Recommendation of “Hold” from Brokerages
Enphase Energy, Inc. (NASDAQ:ENPH) has earned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $2.08.
ENPH has been the topic of a number of research analyst reports. Cowen and Company restated a “buy” rating and issued a $2.00 target price on shares of Enphase Energy in a research note on Sunday, September 24th. Needham & Company LLC restated a “hold” rating on shares of Enphase Energy in a research note on Tuesday, September 26th. ValuEngine upgraded Enphase Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. Deutsche Bank AG upgraded Enphase Energy from a “sell” rating to a “hold” rating and set a $1.00 target price on the stock in a research note on Tuesday, June 20th. Finally, Roth Capital set a $1.00 target price on Enphase Energy and gave the stock a “hold” rating in a research note on Thursday, June 22nd.
Several large investors have recently bought and sold shares of ENPH. Goldman Sachs Group Inc. raised its holdings in shares of Enphase Energy by 10,872.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,846,393 shares of the semiconductor company’s stock worth $1,597,000 after purchasing an additional 1,829,566 shares during the period. K2 Principal Fund L.P. raised its holdings in shares of Enphase Energy by 470.1% in the 2nd quarter. K2 Principal Fund L.P. now owns 440,810 shares of the semiconductor company’s stock worth $381,000 after purchasing an additional 363,490 shares during the period. Divisar Capital Management LLC raised its holdings in shares of Enphase Energy by 11.8% in the 2nd quarter. Divisar Capital Management LLC now owns 1,131,297 shares of the semiconductor company’s stock worth $979,000 after purchasing an additional 119,459 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Enphase Energy by 28.2% in the 1st quarter. Renaissance Technologies LLC now owns 523,033 shares of the semiconductor company’s stock worth $717,000 after purchasing an additional 114,900 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Enphase Energy by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,939,428 shares of the semiconductor company’s stock worth $1,678,000 after purchasing an additional 84,549 shares during the period. 19.19% of the stock is currently owned by institutional investors.
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Shares of Enphase Energy (NASDAQ:ENPH) opened at 1.40 on Thursday. Enphase Energy has a 1-year low of $0.65 and a 1-year high of $2.03. The firm has a 50-day moving average price of $1.29 and a 200 day moving average price of $1.04. The company’s market cap is $118.41 million.
Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, August 8th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $74.48 million. During the same quarter in the previous year, the firm earned ($0.30) EPS. Enphase Energy’s quarterly revenue was down 5.7% on a year-over-year basis. On average, analysts predict that Enphase Energy will post ($0.31) EPS for the current fiscal year.
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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