Enphase Energy, Inc. (NASDAQ:ENPH) Receives Average Rating of “Hold” from Analysts

Enphase Energy, Inc. (NASDAQ:ENPH) has been given a consensus rating of “Hold” by the twenty-five ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $47.1125.

A number of research firms recently issued reports on ENPH. Roth Capital restated a “buy” rating on shares of Enphase Energy in a research note on Friday, May 22nd. Barclays upgraded Enphase Energy from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $30.00 to $51.00 in a research note on Thursday, June 18th. Citigroup decreased their price objective on Enphase Energy from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Oppenheimer lowered their target price on shares of Enphase Energy from $68.00 to $57.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group lifted their target price on shares of Enphase Energy from $41.00 to $64.00 and gave the company a “buy” rating in a report on Friday, June 12th.

Insider Buying and Selling

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 5,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $67.50 per share, with a total value of $337,500.00. Following the transaction, the chief executive officer owned 1,645,632 shares of the company’s stock, valued at approximately $111,080,160. This trade represents a 0.30% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Mora sold 700 shares of Enphase Energy stock in a transaction on Monday, June 1st. The shares were sold at an average price of $64.20, for a total transaction of $44,940.00. Following the completion of the transaction, the director owned 13,922 shares in the company, valued at approximately $893,792.40. This represents a 4.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.90% of the stock is owned by company insiders.

Institutional Trading of Enphase Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. PFG Investments LLC boosted its stake in shares of Enphase Energy by 2.2% during the 4th quarter. PFG Investments LLC now owns 12,191 shares of the semiconductor company’s stock worth $391,000 after acquiring an additional 260 shares during the period. Swiss Life Asset Management Ltd increased its holdings in shares of Enphase Energy by 5.5% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 6,132 shares of the semiconductor company’s stock worth $217,000 after acquiring an additional 319 shares during the last quarter. Glass Jacobson Investment Advisors llc raised its stake in Enphase Energy by 77.8% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 800 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 350 shares during the period. GAMMA Investing LLC raised its stake in Enphase Energy by 19.2% in the 4th quarter. GAMMA Investing LLC now owns 2,431 shares of the semiconductor company’s stock valued at $78,000 after acquiring an additional 392 shares during the period. Finally, Maryland State Retirement & Pension System lifted its holdings in Enphase Energy by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 26,375 shares of the semiconductor company’s stock valued at $845,000 after purchasing an additional 404 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Stock Performance

NASDAQ ENPH opened at $41.57 on Friday. The company has a fifty day moving average of $51.92 and a two-hundred day moving average of $43.48. The company has a market capitalization of $5.48 billion, a PE ratio of 41.16 and a beta of 1.62. Enphase Energy has a 1 year low of $25.77 and a 1 year high of $73.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.80 and a quick ratio of 3.20.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, April 28th. The semiconductor company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Enphase Energy had a return on equity of 16.88% and a net margin of 9.64%.The business had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $282.27 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business’s revenue was down 20.6% compared to the same quarter last year. As a group, analysts expect that Enphase Energy will post 0.82 earnings per share for the current year.

Enphase Energy Company Profile

Enphase Energy is a global energy technology company that specializes in solar microinverters, energy storage systems and energy management software. Its core business centers on converting direct current (DC) power generated by solar panels into alternating current (AC) power suitable for use in residential and commercial applications. By integrating hardware and software solutions, Enphase Energy aims to improve solar energy yield, enhance system reliability and provide real-time monitoring capabilities to its customers.

The company’s product portfolio includes its IQ Series microinverters, which attach to individual solar panels to optimize performance at the module level and reduce the impact of shading or system failures.