Enphase Energy, Inc. (NASDAQ:ENPH) Given Average Rating of “Hold” by Analysts

Enphase Energy, Inc. (NASDAQ:ENPH) has been assigned a consensus rating of “Hold” from the thirty-three brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $101.13.

Several equities analysts recently weighed in on ENPH shares. Roth Mkm dropped their price objective on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Oppenheimer dropped their price target on Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Enphase Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Royal Bank of Canada cut their target price on shares of Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating for the company in a research report on Friday, November 22nd. Finally, Citigroup lowered their price target on shares of Enphase Energy from $114.00 to $99.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd.

Hedge Funds Weigh In On Enphase Energy

A number of large investors have recently modified their holdings of ENPH. Bessemer Group Inc. raised its holdings in Enphase Energy by 198.3% in the first quarter. Bessemer Group Inc. now owns 1,897 shares of the semiconductor company’s stock valued at $229,000 after buying an additional 1,261 shares during the period. Vancity Investment Management Ltd increased its position in shares of Enphase Energy by 2.9% in the first quarter. Vancity Investment Management Ltd now owns 56,124 shares of the semiconductor company’s stock worth $6,789,000 after acquiring an additional 1,559 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Enphase Energy by 2.0% in the 1st quarter. California State Teachers Retirement System now owns 228,004 shares of the semiconductor company’s stock valued at $27,584,000 after acquiring an additional 4,469 shares during the period. Plato Investment Management Ltd lifted its holdings in shares of Enphase Energy by 155.8% during the 1st quarter. Plato Investment Management Ltd now owns 862 shares of the semiconductor company’s stock valued at $104,000 after acquiring an additional 525 shares in the last quarter. Finally, New Covenant Trust Company N.A. purchased a new stake in Enphase Energy during the 1st quarter worth $233,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Price Performance

Enphase Energy stock opened at $71.35 on Monday. The company has a market cap of $9.64 billion, a P/E ratio of 162.16, a price-to-earnings-growth ratio of 21.39 and a beta of 1.77. Enphase Energy has a one year low of $58.33 and a one year high of $141.63. The business has a fifty day moving average of $87.33 and a two-hundred day moving average of $105.04. 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 (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The company had revenue of $380.90 million for the quarter, compared to analysts’ expectations of $392.51 million. During the same period in the prior year, the firm posted $0.84 EPS. The firm’s quarterly revenue was down 30.9% on a year-over-year basis. As a group, analysts predict that Enphase Energy will post 0.95 earnings per share for the current fiscal year.

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.