Enphase Energy, Inc. (ENPH) Receives $2.10 Consensus PT from Analysts
Enphase Energy, Inc. (NASDAQ:ENPH) has been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $2.10.
Several equities research analysts have recently commented on ENPH shares. Roth Capital set a $1.00 price objective on Enphase Energy and gave the company a “hold” rating in a report on Wednesday, May 10th. Craig Hallum set a $2.00 price objective on Enphase Energy and gave the company a “buy” rating in a report on Monday, June 12th. Zacks Investment Research downgraded Enphase Energy from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Deutsche Bank AG raised 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. Finally, ValuEngine downgraded Enphase Energy from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd.
Shares of Enphase Energy (ENPH) traded down 1.87% during trading on Wednesday, reaching $0.92. 398,730 shares of the company traded hands. The firm has a 50-day moving average price of $0.87 and a 200-day moving average price of $1.08. Enphase Energy has a 12 month low of $0.65 and a 12 month high of $2.03. The firm’s market capitalization is $77.81 million.
Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.01. The company had revenue of $74.70 million during the quarter, compared to analyst estimates of $74.48 million. Enphase Energy had a negative net margin of 21.81% and a negative return on equity of 1,232.10%. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.30) EPS. Equities research analysts anticipate that Enphase Energy will post ($0.31) EPS for the current year.
A number of large investors have recently bought and sold shares of ENPH. Divisar Capital Management LLC boosted its stake in Enphase Energy by 11.8% in the second quarter. Divisar Capital Management LLC now owns 1,131,297 shares of the semiconductor company’s stock worth $979,000 after buying an additional 119,459 shares during the period. Goldman Sachs Group Inc. boosted its stake in Enphase Energy by 10,872.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,846,393 shares of the semiconductor company’s stock worth $1,597,000 after buying an additional 1,829,566 shares during the period. K2 Principal Fund L.P. boosted its stake in Enphase Energy by 470.1% in the second quarter. K2 Principal Fund L.P. now owns 440,810 shares of the semiconductor company’s stock worth $381,000 after buying an additional 363,490 shares during the period. Vanguard Group Inc. boosted its stake in Enphase Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 1,939,428 shares of the semiconductor company’s stock worth $1,678,000 after buying an additional 84,549 shares during the period. Finally, Northern Trust Corp boosted its stake in Enphase Energy by 4.6% in the second quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock worth $108,000 after buying an additional 5,479 shares during the period. Institutional investors and hedge funds own 19.78% of the company’s stock.
WARNING: This piece was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/28/enphase-energy-inc-enph-receives-2-10-consensus-pt-from-analysts.html.
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.
Receive News & Stock Ratings for Enphase Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy Inc. and related stocks with our FREE daily email newsletter.