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.
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.
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