Enphase Energy (NASDAQ:ENPH) Now Covered by Redburn Atlantic

Redburn Atlantic began coverage on shares of Enphase Energy (NASDAQ:ENPH) in a report released on Monday, MarketBeat reports. The brokerage issued a neutral rating on the semiconductor company’s stock.

A number of other equities analysts have also commented on ENPH. Wells Fargo & Company cut their price objective on Enphase Energy from $83.00 to $77.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group downgraded shares of Enphase Energy from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $93.00 to $61.00 in a research report on Thursday, November 7th. HSBC downgraded shares of Enphase Energy from a “buy” rating to a “hold” rating and lowered their target price for the stock from $154.00 to $81.00 in a research note on Friday, November 8th. Morgan Stanley cut their price target on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Barclays lowered their price objective on Enphase Energy from $91.00 to $86.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $90.42.

Enphase Energy Trading Down 7.8 %

ENPH opened at $52.87 on Monday. The company’s 50 day moving average price is $65.95 and its two-hundred day moving average price is $83.31. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 71.45 and a beta of 1.68. Enphase Energy has a fifty-two week low of $52.66 and a fifty-two week high of $141.63. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, research analysts predict that Enphase Energy will post 2.08 earnings per share for the current year.

Hedge Funds Weigh In On Enphase Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC grew its position in shares of Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 279 shares during the period. Stone House Investment Management LLC purchased a new position in Enphase Energy in the third quarter valued at approximately $34,000. Quarry LP bought a new position in Enphase Energy during the third quarter valued at $37,000. Brooklyn Investment Group purchased a new stake in Enphase Energy in the third quarter worth $55,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of Enphase Energy in the third quarter valued at $62,000. Institutional investors 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.