Susquehanna Issues Pessimistic Forecast for Enphase Energy (NASDAQ:ENPH) Stock Price

Enphase Energy (NASDAQ:ENPH) had its price target reduced by Susquehanna from $79.00 to $76.00 in a report released on Wednesday morning,Benzinga reports. Susquehanna currently has a neutral rating on the semiconductor company’s stock.

ENPH has been the subject of a number of other reports. StockNews.com raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Morgan Stanley reduced their target price on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday. TD Cowen lowered their price target on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Janney Montgomery Scott downgraded shares of Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research report on Wednesday, October 23rd. Finally, Citigroup upped their target price on Enphase Energy from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $90.79.

Enphase Energy Stock Down 1.5 %

Shares of ENPH stock opened at $65.26 on Wednesday. Enphase Energy has a 52-week low of $58.33 and a 52-week high of $141.63. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 148.32, a PEG ratio of 8.22 and a beta of 1.68. The firm’s 50-day moving average is $68.88 and its 200-day moving average is $88.95. 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, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. Sell-side analysts predict that Enphase Energy will post 0.92 EPS for the current year.

Institutional Investors Weigh In On Enphase Energy

Several hedge funds have recently modified their holdings of ENPH. Creative Financial Designs Inc. ADV raised its position in Enphase Energy by 19.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 771 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 125 shares during the last quarter. Empirical Finance LLC increased its stake in shares of Enphase Energy by 3.9% in the third quarter. Empirical Finance LLC now owns 3,673 shares of the semiconductor company’s stock valued at $415,000 after buying an additional 137 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Enphase Energy by 5.2% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,119 shares of the semiconductor company’s stock valued at $354,000 after buying an additional 153 shares during the period. Farther Finance Advisors LLC raised its holdings in Enphase Energy by 19.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,085 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 174 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Enphase Energy by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 54,912 shares of the semiconductor company’s stock worth $6,206,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

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.