Enphase Energy, Inc. (NASDAQ:ENPH) Receives Consensus Rating of “Hold” from Analysts

Enphase Energy, Inc. (NASDAQ:ENPH) 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.

Institutional Trading of Enphase Energy

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Enphase Energy by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 16,536,218 shares of the semiconductor company’s stock worth $1,135,707,000 after buying an additional 44,782 shares during the period. Baillie Gifford & Co. raised its holdings in shares of Enphase Energy by 32.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock worth $574,975,000 after purchasing an additional 2,028,691 shares during the period. Invesco Ltd. lifted its stake in shares of Enphase Energy by 43.4% in the 4th quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company’s stock valued at $313,034,000 after purchasing an additional 1,378,978 shares in the last quarter. Swedbank AB grew its holdings in shares of Enphase Energy by 0.3% during the 3rd quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company’s stock worth $391,442,000 after purchasing an additional 11,890 shares during the period. Finally, Geode Capital Management LLC lifted its position in Enphase Energy by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 3,429,909 shares of the semiconductor company’s stock valued at $234,994,000 after buying an additional 47,593 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

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) 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.