Enphase Energy, Inc. (NASDAQ:ENPH)‘s stock had its “buy” rating reiterated by equities research analysts at Craig Hallum in a report issued on Monday, MarketBeat Ratings reports. They currently have a $4.00 target price on the semiconductor company’s stock. Craig Hallum’s price target suggests a potential upside of 44.40% from the stock’s current price.

ENPH has been the topic of a number of other reports. Cowen and Company restated a “buy” rating and set a $2.00 price objective on shares of Enphase Energy in a research report on Sunday, September 24th. ValuEngine upgraded Enphase Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 27th. Needham & Company LLC restated a “hold” rating on shares of Enphase Energy in a report on Tuesday, September 26th. Finally, Zacks Investment Research downgraded Enphase Energy from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $2.06.

Enphase Energy (ENPH) traded down $0.01 during midday trading on Monday, hitting $2.77. The stock had a trading volume of 2,961,300 shares, compared to its average volume of 869,463. The company has a debt-to-equity ratio of -4.75, a current ratio of 1.59 and a quick ratio of 1.30. Enphase Energy has a 1 year low of $0.65 and a 1 year high of $3.19.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. Enphase Energy had a negative return on equity of 1,232.10% and a negative net margin of 18.66%. The company had revenue of $77.00 million during the quarter, compared to analyst estimates of $77.13 million. During the same period in the prior year, the company earned ($0.28) earnings per share. The firm’s revenue was down 13.2% on a year-over-year basis. equities research analysts predict that Enphase Energy will post -0.57 earnings per share for the current fiscal year.

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In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 40,677 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of $1.78 per share, for a total transaction of $72,405.06. Following the purchase, the chief executive officer now directly owns 40,677 shares in the company, valued at $72,405.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 15.92% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Northern Trust Corp increased its stake in shares of Enphase Energy by 4.6% in the 2nd quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 5,479 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Enphase Energy by 55.4% in the 2nd quarter. First Trust Advisors LP now owns 125,973 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 44,908 shares in the last quarter. K2 Principal Fund L.P. increased its stake in shares of Enphase Energy by 14.9% in the 3rd quarter. K2 Principal Fund L.P. now owns 506,570 shares of the semiconductor company’s stock valued at $770,000 after purchasing an additional 65,760 shares in the last quarter. Vanguard Group Inc. increased its stake 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 valued at $1,678,000 after purchasing an additional 84,549 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Enphase Energy by 101.3% in the 3rd quarter. KBC Group NV now owns 180,137 shares of the semiconductor company’s stock valued at $274,000 after purchasing an additional 90,665 shares in the last quarter. Hedge funds and other institutional investors own 19.55% of the company’s stock.

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.

Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

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