Enphase Energy, Inc. (NASDAQ:ENPH) shares saw strong trading volume on Wednesday . 387,850 shares changed hands during mid-day trading, a decline of 50% from the previous session’s volume of 780,605 shares.The stock last traded at $1.52 and had previously closed at $1.59.

A number of equities analysts have issued reports on the company. ValuEngine raised Enphase Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. Needham & Company LLC reiterated a “hold” rating on shares of Enphase Energy in a report on Tuesday, September 26th. Cowen and Company reiterated a “buy” rating and issued a $2.00 price target on shares of Enphase Energy in a report on Sunday, September 24th. Zacks Investment Research downgraded Enphase Energy from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Roth Capital set a $1.00 price target on Enphase Energy and gave the company a “hold” rating in a report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $2.08.

The firm’s 50 day moving average price is $1.23 and its 200 day moving average price is $1.04. The stock’s market capitalization is $129.41 million.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.09) EPS for the quarter, missing the Zacks’ 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 firm had revenue of $74.70 million during the quarter, compared to the consensus estimate of $74.48 million. During the same quarter in the prior year, the business posted ($0.30) EPS. Enphase Energy’s revenue was down 5.7% compared to the same quarter last year. Analysts predict that Enphase Energy, Inc. will post ($0.31) earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. First Trust Advisors LP bought a new stake in shares of Enphase Energy in the 1st quarter worth approximately $111,000. KBC Group NV lifted 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 worth $123,000 after acquiring an additional 25,926 shares during the period. Northern Trust Corp lifted its position in shares of Enphase Energy by 4.6% in the 2nd quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock worth $108,000 after acquiring an additional 5,479 shares during the period. K2 Principal Fund L.P. lifted its position in shares of Enphase Energy by 470.1% in the 2nd quarter. K2 Principal Fund L.P. now owns 440,810 shares of the semiconductor company’s stock worth $381,000 after acquiring an additional 363,490 shares during the period. Finally, Renaissance Technologies LLC lifted 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 worth $717,000 after acquiring an additional 114,900 shares during the period. Institutional investors own 19.19% 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.

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