Morgan Stanley Has Lowered Expectations for Enphase Energy (NASDAQ:ENPH) Stock Price

Enphase Energy (NASDAQ:ENPH) had its price objective dropped by Morgan Stanley from $68.00 to $67.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s price target would suggest a potential upside of 0.74% from the company’s current price.

Several other research firms also recently commented on ENPH. Barclays lowered their target price on shares of Enphase Energy from $114.00 to $91.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Craig Hallum lowered their target price on shares of Enphase Energy from $153.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Janney Montgomery Scott downgraded Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research report on Wednesday, October 23rd. Northland Securities lowered their price target on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th. Finally, Guggenheim raised Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price target on the stock in a research report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Enphase Energy presently has a consensus rating of “Hold” and an average price target of $90.42.

Enphase Energy Price Performance

Shares of NASDAQ:ENPH opened at $66.51 on Wednesday. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 151.16, a P/E/G ratio of 8.22 and a beta of 1.68. Enphase Energy has a 1 year low of $58.33 and a 1 year high of $141.63. The business has a fifty day simple moving average of $68.77 and a 200 day simple moving average of $88.79.

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

Institutional Trading of Enphase Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Inceptionr LLC increased its holdings in shares of Enphase Energy by 69.2% in the fourth quarter. Inceptionr LLC now owns 6,553 shares of the semiconductor company’s stock valued at $450,000 after purchasing an additional 2,679 shares in the last quarter. Arizona State Retirement System grew its holdings in Enphase Energy by 0.9% during the 4th quarter. Arizona State Retirement System now owns 39,318 shares of the semiconductor company’s stock worth $2,700,000 after acquiring an additional 336 shares during the period. Proficio Capital Partners LLC acquired a new stake in Enphase Energy during the 4th quarter worth $1,528,000. Nicola Wealth Management LTD. grew its holdings in Enphase Energy by 55.0% during the 4th quarter. Nicola Wealth Management LTD. now owns 31,000 shares of the semiconductor company’s stock worth $2,129,000 after acquiring an additional 11,000 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Enphase Energy by 6.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 937,016 shares of the semiconductor company’s stock worth $64,354,000 after acquiring an additional 56,676 shares during the period. 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.