Recent Investment Analysts’ Ratings Updates for Enphase Energy (ENPH)

A number of firms have modified their ratings and price targets on shares of Enphase Energy (NASDAQ: ENPH) recently:

  • 11/7/2018 – Enphase Energy was given a new $8.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 11/7/2018 – Enphase Energy was given a new $9.00 price target on by analysts at HC Wainwright. They now have a “buy” rating on the stock.
  • 11/2/2018 – Enphase Energy was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 10/27/2018 – Enphase Energy was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/16/2018 – Enphase Energy was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 10/2/2018 – Enphase Energy was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/12/2018 – Enphase Energy was given a new $8.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.

Enphase Energy stock opened at $5.64 on Thursday. The firm has a market capitalization of $498.77 million, a PE ratio of -10.44 and a beta of 0.48. Enphase Energy Inc has a fifty-two week low of $1.56 and a fifty-two week high of $7.60.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, November 6th. The semiconductor company reported $0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.04. The firm had revenue of $78.00 million during the quarter, compared to the consensus estimate of $79.55 million. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS. On average, research analysts expect that Enphase Energy Inc will post -0.08 EPS for the current year.

In other news, CEO Badrinarayanan Kothandaraman bought 15,000 shares of Enphase Energy stock in a transaction that occurred on Monday, August 20th. The shares were acquired at an average price of $4.88 per share, with a total value of $73,200.00. Following the completion of the purchase, the chief executive officer now directly owns 95,677 shares in the company, valued at $466,903.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Eric Branderiz bought 19,880 shares of Enphase Energy stock in a transaction that occurred on Thursday, August 23rd. The stock was purchased at an average cost of $5.03 per share, for a total transaction of $99,996.40. Following the purchase, the chief financial officer now owns 19,880 shares of the company’s stock, valued at $99,996.40. The disclosure for this purchase can be found here. 13.52% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System purchased a new stake in Enphase Energy during the second quarter valued at about $115,000. SG Americas Securities LLC purchased a new stake in Enphase Energy during the second quarter valued at about $121,000. Jane Street Group LLC purchased a new stake in Enphase Energy during the first quarter valued at about $133,000. Alps Advisors Inc. purchased a new stake in Enphase Energy during the third quarter valued at about $177,000. Finally, PEAK6 Investments L.P. purchased a new stake in Enphase Energy during the second quarter valued at about $193,000. 39.26% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level.

Read More: Index Funds

Receive News & Ratings for Enphase Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply