Enphase Energy, Inc. (ENPH) Given Consensus Recommendation of “Hold” by Brokerages
Enphase Energy, Inc. (NASDAQ:ENPH) has received an average recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $2.10.
ENPH has been the topic of several research analyst reports. ValuEngine cut shares of Enphase Energy from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Craig Hallum set a $2.00 price objective on shares of Enphase Energy and gave the company a “buy” rating in a research note on Monday, June 12th. Deutsche Bank AG raised shares of Enphase Energy from a “sell” rating to a “hold” rating and set a $1.00 price objective for the company in a research note on Tuesday, June 20th. Zacks Investment Research lowered shares of Enphase Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, Roth Capital set a $1.00 price objective on shares of Enphase Energy and gave the company a “hold” rating in a research note on Thursday, June 22nd.
Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its stake 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 during the last quarter. First Trust Advisors LP acquired a new stake in shares of Enphase Energy in the 1st quarter valued at $111,000. KBC Group NV lifted its position in Enphase Energy by 40.8% during the 1st quarter. KBC Group NV now owns 89,472 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 25,926 shares during the last quarter. K2 Principal Fund L.P. acquired a new position in Enphase Energy during the 1st quarter worth $106,000. Finally, Gilder Gagnon Howe & Co. LLC lifted its position in Enphase Energy by 2,281.8% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 898,485 shares of the semiconductor company’s stock worth $1,231,000 after acquiring an additional 860,762 shares during the last quarter. 19.19% of the stock is owned by institutional investors and hedge funds.
Enphase Energy (NASDAQ:ENPH) remained flat at $1.41 on Friday. 1,194,090 shares of the stock were exchanged. The firm has a 50-day moving average price of $1.02 and a 200 day moving average price of $1.02. Enphase Energy has a 1-year low of $0.65 and a 1-year high of $2.03. The firm’s market cap is $119.26 million.
Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.09) EPS for the quarter, missing the 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 company had revenue of $74.70 million for the quarter, compared to analysts’ expectations of $74.48 million. During the same quarter in the prior year, the firm earned ($0.30) earnings per share. The company’s revenue was down 5.7% on a year-over-year basis. On average, equities research analysts anticipate that Enphase Energy will post ($0.31) EPS for the current year.
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.