Shares of Enphase Energy Inc (NASDAQ:ENPH) have been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $2.06.
A number of brokerages have recently issued reports on ENPH. Zacks Investment Research lowered shares of Enphase Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. ValuEngine lowered shares of Enphase Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. Oppenheimer reiterated a “buy” rating on shares of Enphase Energy in a research report on Monday, February 5th. Cowen reiterated a “buy” rating and set a $2.25 target price on shares of Enphase Energy in a research report on Friday, November 10th. Finally, Craig Hallum reiterated a “buy” rating and set a $4.00 target price on shares of Enphase Energy in a research report on Monday, November 20th.
In other news, Director John Howard Weber sold 55,526 shares of the company’s 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 transaction, the director now directly owns 35,326 shares in the company, valued at $93,260.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 15.92% of the stock is currently owned by corporate insiders.
Enphase Energy (NASDAQ:ENPH) opened at $2.85 on Wednesday. Enphase Energy has a 12-month low of $0.65 and a 12-month 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.
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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.
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