Shares of Enphase Energy, Inc. (NASDAQ:ENPH) have received an average recommendation of “Buy” from the twenty-six analysts that are currently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $193.28.
Several brokerages recently commented on ENPH. Zacks Investment Research raised Enphase Energy from a “hold” rating to a “buy” rating and set a $172.00 price target for the company in a research note on Monday, April 5th. TheStreet lowered Enphase Energy from a “b-” rating to a “c” rating in a report on Tuesday, April 27th. Raymond James upgraded Enphase Energy from an “underperform” rating to a “market perform” rating in a report on Monday, March 8th. JPMorgan Chase & Co. cut their target price on Enphase Energy from $245.00 to $212.00 and set an “overweight” rating for the company in a research note on Monday, March 8th. Finally, Craig Hallum cut their target price on Enphase Energy from $210.00 to $175.00 in a research note on Wednesday, April 28th.
In other Enphase Energy news, EVP David A. Ranhoff sold 30,000 shares of the company’s stock in a transaction dated Monday, June 14th. The stock was sold at an average price of $150.00, for a total value of $4,500,000.00. Following the sale, the executive vice president now owns 186,949 shares in the company, valued at approximately $28,042,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Eric Branderiz sold 18,908 shares of the company’s stock in a transaction dated Tuesday, June 22nd. The shares were sold at an average price of $164.39, for a total value of $3,108,286.12. Following the completion of the sale, the chief financial officer now owns 125,024 shares in the company, valued at approximately $20,552,695.36. The disclosure for this sale can be found here. Insiders have sold a total of 211,911 shares of company stock valued at $30,019,363 in the last three months. 5.00% of the stock is owned by insiders.
Shares of Enphase Energy stock opened at $170.24 on Thursday. The business has a 50-day simple moving average of $141.97. The company has a current ratio of 5.20, a quick ratio of 5.10 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $23.10 billion, a PE ratio of 274.58 and a beta of 1.16. Enphase Energy has a 52 week low of $43.42 and a 52 week high of $229.04.
Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, April 27th. The semiconductor company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.22. The company had revenue of $301.80 million for the quarter, compared to the consensus estimate of $291.83 million. Enphase Energy had a return on equity of 25.37% and a net margin of 11.11%. The firm’s quarterly revenue was up 46.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. Equities research analysts anticipate that Enphase Energy will post 1.71 EPS for the current fiscal year.
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 services.
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