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.

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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.

Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

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