Enphase Energy (NASDAQ:ENPH) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Enphase Energy (NASDAQ:ENPH) from a sell rating to a hold rating in a research note published on Thursday.

Several other research analysts also recently commented on the stock. Susquehanna decreased their target price on shares of Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday. Truist Financial lowered their price objective on Enphase Energy from $130.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a $115.00 price objective (up previously from $111.00) on shares of Enphase Energy in a research report on Wednesday, September 4th. Guggenheim lowered shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 price objective for the company. in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada dropped their target price on shares of Enphase Energy from $100.00 to $85.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $111.26.

Enphase Energy Trading Up 3.4 %

NASDAQ:ENPH opened at $83.83 on Thursday. The stock’s fifty day moving average price is $108.44 and its two-hundred day moving average price is $111.67. The company has a market cap of $11.41 billion, a P/E ratio of 43.66, a P/E/G ratio of 8.07 and a beta of 1.72. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.23 and a quick ratio of 3.90. Enphase Energy has a 1 year low of $73.49 and a 1 year 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). Enphase Energy had a net margin of 4.91% and a return on equity of 10.57%. The business had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. During the same quarter last year, the business posted $0.84 EPS. The business’s revenue was down 30.9% compared to the same quarter last year. As a group, analysts expect that Enphase Energy will post 1.18 EPS for the current year.

Institutional Investors Weigh In On Enphase Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENPH. Manchester Capital Management LLC increased its stake in shares of Enphase Energy by 1,068.4% during the first quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 203 shares in the last quarter. Chilton Capital Management LLC raised its holdings in Enphase Energy by 2,733.3% in the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 246 shares during the last quarter. UMB Bank n.a. lifted its stake in Enphase Energy by 784.8% in the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 259 shares in the last quarter. nVerses Capital LLC purchased a new position in Enphase Energy in the 3rd quarter worth approximately $34,000. Finally, Quest Partners LLC boosted its holdings in shares of Enphase Energy by 11,525.0% during the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 461 shares during the last quarter. Hedge funds and other institutional investors 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.