Energy

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


Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) has been given a consensus recommendation of “Buy” by the thirty-one research firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $239.68.

ENPH has been the subject of a number of recent research reports. StockNews.com initiated coverage on shares of Enphase Energy in a research note on Thursday, March 31st. They set a “hold” rating for the company. Citigroup reduced their target price on shares of Enphase Energy from $255.00 to $205.00 in a research note on Friday, January 28th. JPMorgan Chase & Co. reduced their target price on shares of Enphase Energy from $290.00 to $246.00 in a research note on Thursday, January 20th. Piper Sandler reduced their target price on shares of Enphase Energy from $230.00 to $220.00 in a research note on Thursday, April 21st. Finally, Craig Hallum reduced their target price on shares of Enphase Energy from $241.00 to $213.00 in a research note on Wednesday, April 27th.

Shares of ENPH stock opened at $157.79 on Friday. The firm has a market capitalization of $21.31 billion, a PE ratio of 134.86 and a beta of 1.41. The firm has a fifty day simple moving average of $179.86 and a two-hundred day simple moving average of $183.82. The company has a current ratio of 3.44, a quick ratio of 3.22 and a debt-to-equity ratio of 3.62. Enphase Energy has a 12 month low of $113.40 and a 12 month high of $282.46.

Enphase Energy (NASDAQ:ENPHGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The semiconductor company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.40. Enphase Energy had a net margin of 10.88% and a return on equity of 45.30%. During the same quarter last year, the firm posted $0.48 earnings per share. On average, equities analysts predict that Enphase Energy will post 2.28 earnings per share for the current fiscal year.

In other news, CEO Badrinarayanan Kothandaraman sold 80,000 shares of the stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $175.65, for a total value of $14,052,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeff Mcneil sold 18,229 shares of the stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $149.49, for a total transaction of $2,725,053.21. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 223,968 shares of company stock worth $38,613,470. Insiders own 4.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Centaurus Financial Inc. increased its position in shares of Enphase Energy by 50.2% in the first quarter. Centaurus Financial Inc. now owns 1,083 shares of the semiconductor company’s stock worth $219,000 after purchasing an additional 362 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Enphase Energy by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 660,606 shares of the semiconductor company’s stock worth $133,298,000 after purchasing an additional 9,245 shares during the last quarter. KCM Investment Advisors LLC increased its position in shares of Enphase Energy by 28.0% in the first quarter. KCM Investment Advisors LLC now owns 2,215 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 485 shares during the last quarter. Berkshire Capital Holdings Inc. bought a new position in shares of Enphase Energy in the first quarter worth approximately $17,738,000. Finally, Lazard Asset Management LLC increased its position in shares of Enphase Energy by 19,200.0% in the first quarter. Lazard Asset Management LLC now owns 1,737 shares of the semiconductor company’s stock worth $349,000 after purchasing an additional 1,728 shares during the last quarter. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Company Profile (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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