Enphase Energy, Inc. (NASDAQ:ENPH) Receives Average Recommendation of “Hold” from Analysts

Enphase Energy, Inc. (NASDAQ:ENPH) has received an average recommendation of “Hold” from the thirty-two brokerages that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $95.59.

ENPH has been the subject of a number of research analyst reports. Hsbc Global Res cut shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered their price target on shares of Enphase Energy from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Raymond James dropped their price target on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. HSBC lowered Enphase Energy from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $154.00 to $81.00 in a research report on Friday, November 8th. Finally, Guggenheim downgraded Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 target price for the company. in a research report on Wednesday, October 23rd.

Enphase Energy Trading Up 0.3 %

Shares of ENPH opened at $63.69 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. Enphase Energy has a 52-week low of $58.33 and a 52-week high of $141.63. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 144.75, a PEG ratio of 7.87 and a beta of 1.68. The business’s fifty day moving average is $69.22 and its 200-day moving average is $92.94.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The business had revenue of $380.90 million during the quarter, compared to the consensus estimate of $392.51 million. Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The business’s revenue was down 30.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. Equities analysts anticipate that Enphase Energy will post 0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.