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

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have been given an average rating of “Hold” by the thirty-one ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $128.89.

Several research analysts have issued reports on ENPH shares. Bank of America cut their price objective on Enphase Energy from $71.00 to $70.00 and set an “underperform” rating for the company in a research report on Wednesday, July 17th. BNP Paribas upgraded shares of Enphase Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $120.00 to $144.00 in a research note on Wednesday, August 7th. Barclays lowered their target price on shares of Enphase Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Glj Research began coverage on Enphase Energy in a research note on Tuesday, June 25th. They set a “sell” rating and a $45.82 price target on the stock. Finally, Canaccord Genuity Group dropped their price objective on Enphase Energy from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th.

Institutional Trading of Enphase Energy

A number of hedge funds have recently added to or reduced their stakes in the business. Manchester Capital Management LLC boosted its position in shares of Enphase Energy by 1,068.4% in the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 203 shares during the last quarter. Chilton Capital Management LLC boosted its holdings in shares of Enphase Energy by 2,733.3% in the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 246 shares during the last quarter. YHB Investment Advisors Inc. purchased a new stake in shares of Enphase Energy during the 1st quarter valued at $35,000. TFO Wealth Partners LLC increased its holdings in shares of Enphase Energy by 6,720.0% during the 4th quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock worth $45,000 after buying an additional 336 shares during the last quarter. Finally, Quest Partners LLC raised its position in shares of Enphase Energy by 11,525.0% in the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after buying an additional 461 shares during the period. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Stock Up 3.9 %

ENPH stock opened at $109.91 on Wednesday. The stock has a market capitalization of $14.88 billion, a PE ratio of 57.24, a price-to-earnings-growth ratio of 5.84 and a beta of 1.72. The company has a fifty day moving average of $112.24 and a 200-day moving average of $114.83. The company has a debt-to-equity ratio of 1.36, a quick ratio of 3.90 and a current ratio of 4.23. Enphase Energy has a one year low of $73.49 and a one year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $303.80 million during the quarter, compared to analysts’ expectations of $309.73 million. Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. Enphase Energy’s revenue for the quarter was down 57.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS. As a group, analysts expect that Enphase Energy will post 1.19 EPS for the current year.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.