Enphase Energy, Inc. (NASDAQ:ENPH) Receives $90.42 Average PT from Analysts

Enphase Energy, Inc. (NASDAQ:ENPH) has been assigned a consensus recommendation of “Hold” from the thirty-two ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $90.42.

A number of equities analysts have weighed in on the stock. Guggenheim upgraded shares of Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price target on the stock in a report on Friday, January 31st. Citigroup lifted their price target on shares of Enphase Energy from $71.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Craig Hallum reduced their target price on shares of Enphase Energy from $123.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Jefferies Financial Group lowered shares of Enphase Energy from a “hold” rating to an “underperform” rating and reduced their target price for the company from $93.00 to $61.00 in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Enphase Energy from $112.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd.

Institutional Investors Weigh In On Enphase Energy

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

Enphase Energy Stock Down 2.3 %

Shares of NASDAQ ENPH opened at $61.12 on Friday. Enphase Energy has a 1 year low of $58.33 and a 1 year high of $141.63. The firm’s 50 day moving average price is $67.91 and its 200 day moving average price is $87.23. The firm has a market cap of $8.26 billion, a P/E ratio of 82.60, a price-to-earnings-growth ratio of 8.78 and a beta of 1.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.88 and a current ratio of 3.53.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, sell-side analysts anticipate that Enphase Energy will post 2.12 earnings per share for the current 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.