Enphase Energy, Inc. (ENPH) Given Average Rating of “Hold” by Analysts

Enphase Energy, Inc. (NASDAQ:ENPH) has received an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $2.06.

A number of analysts have recently issued reports on ENPH shares. Zacks Investment Research downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Friday, August 11th. ValuEngine upgraded shares of 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. Cowen restated a “buy” rating and set a $2.00 target price on shares of Enphase Energy in a report on Sunday, September 24th. Finally, Craig Hallum restated a “buy” rating and set a $4.00 target price on shares of Enphase Energy in a report on Monday, November 20th.

In other news, CEO Badrinarayanan Kothandaraman bought 40,677 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $1.78 per share, with a total value of $72,405.06. Following the transaction, the chief executive officer now owns 40,677 shares of the company’s stock, valued at approximately $72,405.06. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Howard Weber sold 55,526 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $2.64, for a total transaction of $146,588.64. Following the sale, the director now directly owns 35,326 shares of the company’s stock, valued at approximately $93,260.64. The disclosure for this sale can be found here. 15.92% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of ENPH. Renaissance Technologies LLC lifted 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 in the last quarter. Goldman Sachs Group Inc. lifted 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 in the last quarter. Divisar Capital Management LLC lifted its stake in Enphase Energy by 11.8% during the 2nd quarter. Divisar Capital Management LLC now owns 1,131,297 shares of the semiconductor company’s stock valued at $979,000 after acquiring an additional 119,459 shares in the last quarter. Gilder Gagnon Howe & Co. LLC lifted its stake in Enphase Energy by 119.2% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,672,927 shares of the semiconductor company’s stock valued at $2,543,000 after acquiring an additional 909,801 shares in the last quarter. Finally, K2 Principal Fund L.P. lifted its stake in Enphase Energy by 470.1% during the 2nd quarter. K2 Principal Fund L.P. now owns 440,810 shares of the semiconductor company’s stock valued at $381,000 after acquiring an additional 363,490 shares in the last quarter. Hedge funds and other institutional investors own 22.89% of the company’s stock.

Shares of Enphase Energy (NASDAQ ENPH) opened at $2.90 on Friday. Enphase Energy has a 1 year low of $0.65 and a 1 year high of $3.45. The company has a debt-to-equity ratio of -4.75, a quick ratio of 1.30 and a current ratio of 1.59.

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

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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.

Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

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