Susquehanna Issues Pessimistic Forecast for Enphase Energy (NASDAQ:ENPH) Stock Price

Enphase Energy (NASDAQ:ENPH) had its target price lowered by stock analysts at Susquehanna from $79.00 to $76.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. Susquehanna’s price objective points to a potential upside of 14.27% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Glj Research reiterated a “sell” rating and set a $50.69 price target on shares of Enphase Energy in a report on Tuesday. Craig Hallum dropped their target price on Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays decreased their price target on Enphase Energy from $114.00 to $91.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Bank of America dropped their price objective on Enphase Energy from $72.00 to $62.00 and set an “underperform” rating on the stock in a report on Thursday, November 7th. Finally, Roth Mkm decreased their target price on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $90.42.

Enphase Energy Stock Up 1.9 %

Enphase Energy stock opened at $66.51 on Wednesday. The firm has a market capitalization of $8.99 billion, a P/E ratio of 151.16, a P/E/G ratio of 8.22 and a beta of 1.68. The stock’s fifty day simple moving average is $68.77 and its 200-day simple moving average is $88.79. Enphase Energy has a twelve month low of $58.33 and a twelve month high of $141.63. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. As a group, equities analysts expect that Enphase Energy will post 0.92 earnings per share for the current fiscal year.

Institutional Trading of Enphase Energy

Several hedge funds and other institutional investors have recently made changes to their positions in ENPH. Avior Wealth Management LLC grew its position in Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after buying an additional 279 shares during the period. UMB Bank n.a. grew its holdings in shares of Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 259 shares during the period. nVerses Capital LLC purchased a new position in Enphase Energy in the 3rd quarter valued at approximately $34,000. Stone House Investment Management LLC acquired a new position in Enphase Energy during the third quarter worth $34,000. Finally, Quarry LP purchased a new stake in Enphase Energy during the third quarter worth $37,000. Institutional investors and hedge funds 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.