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

Enphase Energy, Inc. (NASDAQ:ENPH) has earned an average rating of “Hold” from the thirty analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $126.42.

ENPH has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of Enphase Energy from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Roth Mkm reiterated a “buy” rating and set a $140.00 target price on shares of Enphase Energy in a report on Wednesday, July 24th. BMO Capital Markets cut their price target on Enphase Energy from $115.00 to $114.00 and set a “market perform” rating on the stock in a report on Wednesday. Barclays decreased their price objective on Enphase Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, Craig Hallum boosted their target price on Enphase Energy from $147.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th.

Enphase Energy Stock Down 0.8 %

NASDAQ:ENPH opened at $105.95 on Friday. The company has a quick ratio of 3.90, a current ratio of 4.23 and a debt-to-equity ratio of 1.36. Enphase Energy has a 12-month low of $73.49 and a 12-month high of $141.63. The stock’s fifty day simple moving average is $113.09 and its 200-day simple moving average is $114.03. The firm has a market capitalization of $14.42 billion, a P/E ratio of 55.18, a P/E/G ratio of 6.19 and a beta of 1.72.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results 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). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The firm had revenue of $303.80 million during the quarter, compared to analyst estimates of $309.73 million. During the same quarter in the prior year, the business earned $1.16 earnings per share. The business’s revenue was down 57.3% on a year-over-year basis. Equities research analysts expect that Enphase Energy will post 1.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ENPH. Vanguard Group Inc. boosted its position in shares of Enphase Energy by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 15,641,335 shares of the semiconductor company’s stock worth $2,066,846,000 after acquiring an additional 192,854 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of Enphase Energy by 57.9% in the 2nd quarter. Baillie Gifford & Co. now owns 6,285,059 shares of the semiconductor company’s stock valued at $626,683,000 after purchasing an additional 2,304,408 shares during the last quarter. Swedbank AB acquired a new position in shares of Enphase Energy during the 1st quarter worth $424,130,000. Northern Trust Corp raised its holdings in shares of Enphase Energy by 0.3% during the 4th quarter. Northern Trust Corp now owns 1,364,567 shares of the semiconductor company’s stock worth $180,314,000 after buying an additional 3,940 shares in the last quarter. Finally, Electron Capital Partners LLC lifted its position in shares of Enphase Energy by 1,021.4% during the 2nd quarter. Electron Capital Partners LLC now owns 1,183,713 shares of the semiconductor company’s stock worth $118,028,000 after buying an additional 1,078,154 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

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.