Enphase Energy, Inc. (NASDAQ:ENPH) Receives $311.14 Average PT from Analysts

Shares of Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) have been assigned an average rating of “Moderate Buy” from the twenty-seven research firms that are covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $309.29.

ENPH has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Enphase Energy in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Susquehanna cut shares of Enphase Energy from a “positive” rating to a “neutral” rating and upped their price objective for the stock from $310.00 to $365.00 in a report on Thursday, December 15th. Susquehanna Bancshares cut shares of Enphase Energy to a “neutral” rating and set a $365.00 price objective on the stock. in a report on Thursday, December 15th. Cowen upped their price objective on shares of Enphase Energy from $278.00 to $335.00 in a report on Wednesday, October 26th. Finally, Piper Sandler cut shares of Enphase Energy from an “overweight” rating to a “neutral” rating in a report on Tuesday.

Enphase Energy Price Performance

ENPH stock opened at $219.47 on Friday. Enphase Energy has a 1 year low of $113.97 and a 1 year high of $339.92. The company has a market cap of $29.83 billion, a P/E ratio of 105.51, a PEG ratio of 1.16 and a beta of 1.38. The firm has a 50-day moving average of $284.94 and a 200 day moving average of $278.47. The company has a debt-to-equity ratio of 1.96, a current ratio of 3.60 and a quick ratio of 3.34.

Enphase Energy (NASDAQ:ENPHGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The semiconductor company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.11. Enphase Energy had a net margin of 14.67% and a return on equity of 76.66%. The company had revenue of $634.71 million during the quarter, compared to the consensus estimate of $616.50 million. On average, sell-side analysts forecast that Enphase Energy will post 3.18 EPS for the current year.

Insiders Place Their Bets

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman sold 36,327 shares of the stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $327.65, for a total value of $11,902,541.55. Following the transaction, the chief executive officer now directly owns 1,131,459 shares in the company, valued at $370,722,541.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Enphase Energy news, CEO Badrinarayanan Kothandaraman sold 36,327 shares of the stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $327.65, for a total value of $11,902,541.55. Following the transaction, the chief executive officer now directly owns 1,131,459 shares in the company, valued at $370,722,541.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mandy Yang sold 9,454 shares of the stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $297.54, for a total transaction of $2,812,943.16. Following the completion of the transaction, the chief financial officer now owns 88,399 shares in the company, valued at $26,302,238.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 201,128 shares of company stock worth $63,385,815. Company insiders own 4.80% of the company’s stock.

Institutional Trading of Enphase Energy

Several institutional investors and hedge funds have recently modified their holdings of the company. Regal Investment Advisors LLC raised its position in shares of Enphase Energy by 2.6% during the 3rd quarter. Regal Investment Advisors LLC now owns 1,328 shares of the semiconductor company’s stock valued at $368,000 after purchasing an additional 34 shares during the period. Brighton Jones LLC raised its position in shares of Enphase Energy by 2.8% during the 2nd quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 35 shares during the period. Summit Trail Advisors LLC raised its position in shares of Enphase Energy by 3.9% during the 2nd quarter. Summit Trail Advisors LLC now owns 1,082 shares of the semiconductor company’s stock valued at $211,000 after purchasing an additional 41 shares during the period. Flagship Harbor Advisors LLC raised its position in shares of Enphase Energy by 5.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 910 shares of the semiconductor company’s stock valued at $241,000 after purchasing an additional 43 shares during the period. Finally, Baillie Gifford & Co. raised its position in shares of Enphase Energy by 4.2% during the 3rd quarter. Baillie Gifford & Co. now owns 1,168 shares of the semiconductor company’s stock valued at $325,000 after purchasing an additional 47 shares during the period. 73.79% of the stock is currently owned by institutional investors.

About Enphase Energy

(Get Rating)

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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Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

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