Enphase Energy (NASDAQ:ENPH) Earning Somewhat Favorable News Coverage, Analysis Finds
Media stories about Enphase Energy (NASDAQ:ENPH) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Enphase Energy earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 47.0725626567593 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Enphase Energy President/CEO Nahi resigns – Seeking Alpha (seekingalpha.com)
- Enphase Energy CEO Announces Resignation (finance.yahoo.com)
- Enphase Energy Reports Financial Results for the Second Quarter of 2017 (finance.yahoo.com)
- Enphase Energy reports 2Q loss (finance.yahoo.com)
- BRIEF-Enphase Energy CEO announces resignation (feeds.reuters.com)
A number of research analysts recently issued reports on the company. Roth Capital set a $1.00 price objective on Enphase Energy and gave the stock a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Enphase Energy from a “sell” rating to a “hold” rating in a report on Monday, July 3rd. Deutsche Bank AG upgraded Enphase Energy from a “sell” rating to a “hold” rating and set a $1.00 price objective for the company in a report on Tuesday, June 20th. Craig Hallum set a $2.00 price objective on Enphase Energy and gave the stock a “buy” rating in a report on Monday, June 12th. Finally, ValuEngine downgraded Enphase Energy from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $1.96.
Enphase Energy (NASDAQ ENPH) traded up 2.30% on Tuesday, hitting $0.89. The company had a trading volume of 1,013,169 shares. The company’s market capitalization is $75.01 million. The stock’s 50-day moving average price is $0.85 and its 200 day moving average price is $1.17. Enphase Energy has a one year low of $0.65 and a one year high of $2.03.
Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.05. Enphase Energy had a negative return on equity of 757.76% and a negative net margin of 22.98%. The business had revenue of $54.75 million for the quarter, compared to the consensus estimate of $62.72 million. During the same period in the prior year, the business earned ($0.34) EPS. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. On average, analysts expect that Enphase Energy will post ($0.30) EPS for the current fiscal year.
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Enphase Energy Company Profile
Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.
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