Enphase Energy, Inc. (NASDAQ:ENPH) has been given an average recommendation of “Hold” by the seven analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $1.50.
ENPH has been the topic of a number of research analyst reports. Cowen and Company reissued a “buy” rating and issued a $2.00 price target on shares of Enphase Energy in a report on Sunday, September 24th. ValuEngine raised shares of Enphase Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 27th. Zacks Investment Research raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Enphase Energy in a report on Tuesday, September 26th.
Enphase Energy (NASDAQ ENPH) opened at $1.48 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.59 and a debt-to-equity ratio of -17.39. Enphase Energy has a fifty-two week low of $0.65 and a fifty-two week high of $2.03.
Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). The company had revenue of $74.70 million during the quarter, compared to analysts’ expectations of $74.48 million. Enphase Energy had a negative return on equity of 1,232.10% and a negative net margin of 21.81%. Enphase Energy’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.30) earnings per share. equities analysts expect that Enphase Energy will post -0.57 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in ENPH. First Trust Advisors LP bought a new stake in Enphase Energy in the 1st quarter valued at about $111,000. Renaissance Technologies LLC raised its stake in Enphase Energy by 28.2% in the 1st quarter. Renaissance Technologies LLC now owns 523,033 shares of the semiconductor company’s stock valued at $717,000 after acquiring an additional 114,900 shares during the period. Northern Trust Corp raised its stake in Enphase Energy by 4.6% in the 2nd quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock valued at $108,000 after acquiring an additional 5,479 shares during the period. Vanguard Group Inc. raised its stake in Enphase Energy by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,939,428 shares of the semiconductor company’s stock valued at $1,678,000 after acquiring an additional 84,549 shares during the period. Finally, K2 Principal Fund L.P. raised its stake in Enphase Energy by 470.1% in the 2nd quarter. K2 Principal Fund L.P. now owns 440,810 shares of the semiconductor company’s stock valued at $381,000 after acquiring an additional 363,490 shares during the period. Institutional investors and hedge funds own 18.80% of the company’s stock.
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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