Enphase Energy Inc (NASDAQ:ENPH) has earned an average rating of “Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $7.17.
A number of analysts recently issued reports on the stock. B. Riley set a $8.00 target price on shares of Enphase Energy and gave the stock a “buy” rating in a research report on Wednesday, November 7th. BidaskClub upgraded shares of Enphase Energy from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 16th. ValuEngine raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. HC Wainwright set a $9.00 price target on shares of Enphase Energy and gave the stock a “buy” rating in a research note on Wednesday, November 7th. Finally, TheStreet raised shares of Enphase Energy from a “d+” rating to a “c-” rating in a research note on Wednesday, November 28th.
In related news, CEO Badrinarayanan Kothandaraman purchased 15,000 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were bought at an average price of $5.69 per share, with a total value of $85,350.00. Following the completion of the purchase, the chief executive officer now directly owns 129,440 shares in the company, valued at approximately $736,513.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 13.52% of the company’s stock.
Large investors have recently bought and sold shares of the business. HRT Financial LLC purchased a new position in shares of Enphase Energy in the 3rd quarter valued at $107,000. State Board of Administration of Florida Retirement System purchased a new position in shares of Enphase Energy in the 2nd quarter valued at $115,000. SG Americas Securities LLC purchased a new position in shares of Enphase Energy in the 2nd quarter valued at $121,000. Virtu Financial LLC purchased a new position in shares of Enphase Energy in the 3rd quarter valued at $123,000. Finally, PEAK6 Investments LLC purchased a new position in shares of Enphase Energy in the 3rd quarter valued at $160,000. 38.89% of the stock is currently owned by institutional investors.
Shares of NASDAQ ENPH opened at $5.70 on Wednesday. Enphase Energy has a 1 year low of $1.83 and a 1 year high of $7.60. The company has a market cap of $603.94 million, a P/E ratio of -10.56 and a beta of 0.55. The company has a current ratio of 1.55, a quick ratio of 1.42 and a debt-to-equity ratio of 21.18.
Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, November 6th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. The firm had revenue of $78.00 million for the quarter, compared to analyst estimates of $79.55 million. During the same quarter last year, the business posted ($0.01) EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. Sell-side analysts anticipate that Enphase Energy will post -0.14 earnings per share for the current year.
Enphase Energy Company Profile
Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level.
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