Electron Capital Partners LLC lessened its stake in shares of Enphase Energy Inc (NASDAQ:ENPH) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,238,621 shares of the semiconductor company’s stock after selling 70,200 shares during the quarter. Enphase Energy comprises about 1.7% of Electron Capital Partners LLC’s investment portfolio, making the stock its 15th biggest holding. Electron Capital Partners LLC owned 4.93% of Enphase Energy worth $10,215,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Two Sigma Securities LLC purchased a new position in shares of Enphase Energy in the fourth quarter worth approximately $107,000. Wade G W & Inc. purchased a new position in shares of Enphase Energy in the fourth quarter worth approximately $108,000. Northern Trust Corp boosted its holdings in shares of Enphase Energy by 4.6% in the second quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock worth $108,000 after buying an additional 5,479 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Enphase Energy in the fourth quarter worth approximately $128,000. Finally, Monashee Investment Management LLC purchased a new position in shares of Enphase Energy in the fourth quarter worth approximately $133,000. 26.72% of the stock is currently owned by hedge funds and other institutional investors.
Enphase Energy Inc (NASDAQ ENPH) opened at $3.87 on Monday. 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 Inc has a 1-year low of $0.65 and a 1-year high of $3.98.
A number of research firms recently issued reports on ENPH. Zacks Investment Research downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Roth Capital reissued a “neutral” rating and issued a $2.00 price objective on shares of Enphase Energy in a report on Friday, February 23rd. BidaskClub raised shares of Enphase Energy from a “buy” rating to a “strong-buy” rating in a report on Friday. Oppenheimer reaffirmed a “buy” rating on shares of Enphase Energy in a report on Monday, February 5th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $4.00 price target on shares of Enphase Energy in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $3.05.
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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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