Enphase Energy, Inc. (NASDAQ:ENPH) Short Interest Update

Enphase Energy, Inc. (NASDAQ:ENPH) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 22,220,000 shares, an increase of 8.0% from the January 15th total of 20,570,000 shares. Currently, 17.2% of the shares of the stock are sold short. Based on an average daily volume of 4,490,000 shares, the short-interest ratio is presently 4.9 days.

Enphase Energy Trading Up 2.7 %

NASDAQ ENPH traded up $1.75 during trading hours on Tuesday, reaching $65.69. The company had a trading volume of 4,610,046 shares, compared to its average volume of 3,876,540. The company has a current ratio of 3.53, a quick ratio of 3.88 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $8.87 billion, a P/E ratio of 88.77, a price-to-earnings-growth ratio of 8.78 and a beta of 1.68. The stock has a 50-day moving average of $67.36 and a 200 day moving average of $86.03. Enphase Energy has a 1-year low of $58.33 and a 1-year high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. As a group, research analysts anticipate that Enphase Energy will post 2.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ENPH has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their price target on Enphase Energy from $69.00 to $66.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley decreased their target price on Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Citigroup boosted their price target on shares of Enphase Energy from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Hsbc Global Res lowered shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Canaccord Genuity Group raised shares of Enphase Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $82.00 in a research note on Wednesday, February 5th. 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $90.42.

Institutional Investors Weigh In On Enphase Energy

Institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. grew its position in Enphase Energy by 32.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,371,790 shares of the semiconductor company’s stock valued at $574,975,000 after acquiring an additional 2,028,691 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Enphase Energy by 43.4% in the fourth quarter. Invesco Ltd. now owns 4,557,865 shares of the semiconductor company’s stock valued at $313,034,000 after purchasing an additional 1,378,978 shares during the period. Nordea Investment Management AB grew its holdings in shares of Enphase Energy by 131.6% in the fourth quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after purchasing an additional 1,258,778 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in Enphase Energy by 531.4% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 805,791 shares of the semiconductor company’s stock worth $55,342,000 after buying an additional 678,163 shares during the period. Finally, Norges Bank acquired a new stake in Enphase Energy during the 4th quarter worth approximately $46,339,000. 72.12% of the stock is owned by institutional investors and hedge funds.

About Enphase Energy

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.