Enphase Energy, Inc. (NASDAQ:ENPH) shares saw an uptick in trading volume on Friday . 2,555,888 shares changed hands during trading, an increase of 245% from the previous session’s volume of 740,834 shares.The stock last traded at $1.53 and had previously closed at $1.30.

ENPH has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Enphase Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Roth Capital set a $1.00 target price on shares of Enphase Energy and gave the stock a “hold” rating in a research note on Thursday, June 22nd. Deutsche Bank AG upgraded shares of Enphase Energy from a “sell” rating to a “hold” rating and set a $1.00 target price on the stock in a research note on Tuesday, June 20th. Craig Hallum set a $2.00 target price on shares of Enphase Energy and gave the stock a “buy” rating in a research note on Monday, June 12th. Finally, ValuEngine lowered shares of Enphase Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Enphase Energy currently has a consensus rating of “Hold” and a consensus price target of $1.96.

The company’s 50-day moving average is $0.99 and its 200 day moving average is $1.03. The company’s market cap is $129.41 million.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, August 8th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). Enphase Energy had a negative net margin of 21.81% and a negative return on equity of 1,232.10%. The business had revenue of $74.70 million during the quarter, compared to analyst estimates of $74.48 million. During the same period in the previous year, the company earned ($0.30) earnings per share. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. Equities research analysts anticipate that Enphase Energy, Inc. will post ($0.31) EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised its position in shares of Enphase Energy by 28.2% in the 1st quarter. Renaissance Technologies LLC now owns 523,033 shares of the semiconductor company’s stock valued at $717,000 after purchasing an additional 114,900 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Enphase Energy in the 1st quarter valued at approximately $111,000. KBC Group NV raised its position in shares of Enphase Energy by 40.8% in the 1st quarter. KBC Group NV now owns 89,472 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 25,926 shares in the last quarter. K2 Principal Fund L.P. acquired a new position in shares of Enphase Energy in the 1st quarter valued at approximately $106,000. Finally, Gilder Gagnon Howe & Co. LLC raised its position in shares of Enphase Energy by 2,281.8% in the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 898,485 shares of the semiconductor company’s stock valued at $1,231,000 after purchasing an additional 860,762 shares in the last quarter. 19.78% of the stock is currently owned by institutional investors.

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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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