Enphase Energy, Inc. (NASDAQ:ENPH – Get Free Report) has been given a consensus rating of “Hold” by the thirty-three research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $90.42.
A number of analysts recently commented on ENPH shares. TD Cowen decreased their price objective on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Canaccord Genuity Group raised Enphase Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $82.00 in a research note on Wednesday, February 5th. Wells Fargo & Company lowered their price target on Enphase Energy from $83.00 to $77.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group cut Enphase Energy from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $93.00 to $61.00 in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lowered their target price on Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd.
Check Out Our Latest Analysis on Enphase Energy
Institutional Trading of Enphase Energy
Enphase Energy Stock Performance
Shares of ENPH stock opened at $57.86 on Wednesday. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The stock has a 50 day simple moving average of $65.55 and a 200-day simple moving average of $82.85. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 78.19 and a beta of 1.68. Enphase Energy has a 12-month low of $51.63 and a 12-month high of $141.63.
Enphase Energy (NASDAQ:ENPH – Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, equities analysts forecast that Enphase Energy will post 2.08 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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