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.

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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.

Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

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