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

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have earned a consensus rating of “Hold” from the thirty-two research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $95.59.

Several equities analysts have weighed in on the company. Jefferies Financial Group downgraded Enphase Energy from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $93.00 to $61.00 in a research report on Thursday, November 7th. BMO Capital Markets cut their price target on shares of Enphase Energy from $114.00 to $104.00 and set a “market perform” rating on the stock in a research note on Monday, October 14th. Canaccord Genuity Group lowered Enphase Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company decreased their price target on shares of Enphase Energy from $101.00 to $83.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Barclays lowered their price objective on shares of Enphase Energy from $114.00 to $91.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th.

Enphase Energy Stock Up 0.3 %

Shares of NASDAQ ENPH opened at $63.69 on Tuesday. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The stock has a market cap of $8.61 billion, a PE ratio of 144.75, a price-to-earnings-growth ratio of 7.87 and a beta of 1.68. The business has a 50-day moving average price of $69.22 and a 200 day moving average price of $92.65. Enphase Energy has a 52-week low of $58.33 and a 52-week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly 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 firm had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The company’s revenue was down 30.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share. Equities research analysts forecast that Enphase Energy will post 0.92 earnings per share for the current year.

Institutional Investors Weigh In On Enphase Energy

Hedge funds have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. bought a new stake in shares of Enphase Energy during the third quarter valued at approximately $1,273,000. Charles Schwab Investment Management Inc. boosted its position in Enphase Energy by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock valued at $99,496,000 after buying an additional 16,234 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Enphase Energy during the third quarter worth $37,475,000. Mizuho Securities USA LLC lifted its stake in shares of Enphase Energy by 4,177.9% during the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after acquiring an additional 438,424 shares during the period. Finally, Impax Asset Management Group plc boosted its holdings in Enphase Energy by 15.9% in the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock valued at $25,555,000 after acquiring an additional 31,008 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

About Enphase Energy

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.