Shares of Enphase Energy, Inc. (NASDAQ:ENPH – Get Free Report) 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.
Check Out Our Latest Analysis on Enphase Energy
Institutional Trading of Enphase Energy
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 – Get Free Report) 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.
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