Enphase Energy, Inc. (ENPH) Raised to “Sell” at ValuEngine
Enphase Energy, Inc. (NASDAQ:ENPH) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Wednesday.
Several other equities research analysts have also recently commented on ENPH. Craig Hallum set a $2.00 price target on shares of Enphase Energy and gave the stock a “buy” rating in a research report on Monday, June 12th. Deutsche Bank AG upgraded shares of Enphase Energy from a “sell” rating to a “hold” rating and set a $1.00 price objective on the stock in a research note on Tuesday, June 20th. Roth Capital set a $1.00 price objective on shares of Enphase Energy and gave the stock a “hold” rating in a research note on Thursday, June 22nd. 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, Cowen and Company restated a “buy” rating and set a $2.00 price objective on shares of Enphase Energy in a research note on Sunday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $1.96.
Enphase Energy (NASDAQ:ENPH) traded up 5.84% during trading on Wednesday, reaching $1.45. 411,111 shares of the company’s stock traded hands. 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 12 month low of $0.65 and a 12 month high of $2.03. The firm’s market cap is $122.64 million.
Enphase Energy (NASDAQ:ENPH) last issued 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 return on equity of 1,232.10% and a negative net margin of 21.81%. The business had revenue of $74.70 million for the quarter, compared to the consensus estimate of $74.48 million. During the same period last year, the firm earned ($0.30) earnings per share. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, analysts forecast that Enphase Energy will post ($0.31) earnings per share for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in ENPH. First Trust Advisors LP acquired a new position in shares of Enphase Energy during the 1st quarter worth about $111,000. KBC Group NV increased its stake in shares of 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 purchasing an additional 25,926 shares during the last quarter. Wexford Capital LP acquired a new position in shares of Enphase Energy during the 1st quarter worth about $617,000. Old West Investment Management LLC acquired a new position in shares of Enphase Energy during the 1st quarter worth about $1,446,000. Finally, Renaissance Technologies LLC increased its stake in shares of Enphase Energy by 28.2% during the 1st quarter. Renaissance Technologies LLC now owns 523,033 shares of the semiconductor company’s stock worth $717,000 after purchasing an additional 114,900 shares during the last quarter. Institutional investors own 19.19% of the company’s stock.
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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