Enphase Energy, Inc. (ENPH) Given Consensus Rating of “Hold” by Brokerages

Enphase Energy, Inc. (NASDAQ:ENPH) has received an average rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $2.10.

Several research analysts have recently weighed in on ENPH shares. Craig Hallum reissued a “buy” rating and set a $4.00 price target on shares of Enphase Energy in a research report on Monday, November 20th. Cowen reissued a “buy” rating and set a $2.25 price target on shares of Enphase Energy in a research report on Friday, November 10th. Zacks Investment Research raised shares of Enphase Energy from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research report on Friday, January 12th. Needham & Company LLC reissued a “hold” rating on shares of Enphase Energy in a research report on Tuesday, September 26th. Finally, ValuEngine raised shares of Enphase Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th.

Enphase Energy (NASDAQ ENPH) opened at $1.95 on Friday. 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 has a 1 year low of $0.65 and a 1 year high of $3.45.

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

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 40,677 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $1.78 per share, for a total transaction of $72,405.06. Following the completion of the purchase, the chief executive officer now directly owns 40,677 shares of the company’s stock, valued at $72,405.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Howard Weber sold 55,526 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $2.64, for a total transaction of $146,588.64. Following the sale, the director now owns 35,326 shares in the company, valued at $93,260.64. The disclosure for this sale can be found here. Corporate insiders own 17.37% of the company’s stock.

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its stake in Enphase Energy by 10,872.8% during the second 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. Tenzing Global Management LLC increased its stake in Enphase Energy by 600.0% during the third quarter. Tenzing Global Management LLC now owns 4,200,000 shares of the semiconductor company’s stock worth $6,384,000 after purchasing an additional 3,600,000 shares during the period. Old West Investment Management LLC increased its stake in Enphase Energy by 55.1% during the third quarter. Old West Investment Management LLC now owns 1,619,108 shares of the semiconductor company’s stock worth $2,461,000 after purchasing an additional 575,453 shares during the period. KBC Group NV increased its stake in Enphase Energy by 101.3% during the third quarter. KBC Group NV now owns 180,137 shares of the semiconductor company’s stock worth $274,000 after purchasing an additional 90,665 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC increased its stake in Enphase Energy by 119.2% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,672,927 shares of the semiconductor company’s stock worth $2,543,000 after purchasing an additional 909,801 shares during the period. Institutional investors own 22.88% 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.

Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

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