BMO Capital Markets Issues Pessimistic Forecast for Enphase Energy (NASDAQ:ENPH) Stock Price

Enphase Energy (NASDAQ:ENPH) had its price target reduced by BMO Capital Markets from $69.00 to $66.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the semiconductor company’s stock. BMO Capital Markets’ price objective indicates a potential downside of 0.77% from the stock’s current price.

ENPH has been the subject of a number of other reports. Oppenheimer dropped their price target on Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. The Goldman Sachs Group reduced their price target on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Glj Research reiterated a “sell” rating and set a $50.69 price objective on shares of Enphase Energy in a research report on Tuesday. Barclays reduced their price objective on Enphase Energy from $114.00 to $91.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, Hsbc Global Res cut Enphase Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $90.42.

Enphase Energy Trading Up 1.9 %

Shares of ENPH opened at $66.51 on Wednesday. The firm has a market cap of $8.99 billion, a P/E ratio of 151.16, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. Enphase Energy has a 1 year low of $58.33 and a 1 year high of $141.63. The company has a 50 day simple moving average of $68.77 and a two-hundred day simple moving average of $88.79.

Enphase Energy (NASDAQ:ENPH) last announced 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%. On average, equities analysts expect that Enphase Energy will post 0.92 earnings per share for the current fiscal year.

Institutional Trading of Enphase Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Avior Wealth Management LLC grew its holdings in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares during the period. UMB Bank n.a. lifted its position in shares of Enphase Energy by 784.8% during the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 259 shares in the last quarter. nVerses Capital LLC acquired a new stake in Enphase Energy in the 3rd quarter valued at $34,000. Stone House Investment Management LLC purchased a new stake in Enphase Energy in the 3rd quarter worth $34,000. Finally, Quarry LP acquired a new position in Enphase Energy during the third quarter worth $37,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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.