Barclays Has Lowered Expectations for Enphase Energy (NASDAQ:ENPH) Stock Price

Enphase Energy (NASDAQ:ENPH) had its price target reduced by Barclays from $91.00 to $86.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. Barclays‘s target price points to a potential upside of 35.37% from the stock’s current price.

Several other research firms have also issued reports on ENPH. OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research report on Friday, December 20th. Evercore ISI cut their price objective on shares of Enphase Energy from $133.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Northland Securities lowered their target price on Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th. Finally, Piper Sandler cut their target price on Enphase Energy from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and an average target price of $90.42.

Enphase Energy Trading Down 4.5 %

NASDAQ ENPH opened at $63.53 on Thursday. The firm has a market capitalization of $8.58 billion, a P/E ratio of 144.39, a PEG ratio of 8.22 and a beta of 1.68. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. The business has a fifty day simple moving average of $68.61 and a 200 day simple moving average of $88.50. Enphase Energy has a 12 month low of $58.33 and a 12 month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. On average, analysts predict that Enphase Energy will post 0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Enphase Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avior Wealth Management LLC grew its holdings in shares of Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares during the last quarter. UMB Bank n.a. boosted its holdings in Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after buying an additional 259 shares in the last quarter. nVerses Capital LLC purchased a new position in Enphase Energy in the 3rd quarter worth about $34,000. Stone House Investment Management LLC acquired a new stake in Enphase Energy during the 3rd quarter valued at $34,000. Finally, Quarry LP acquired a new position in shares of Enphase Energy in the third quarter worth $37,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.