Enphase Energy (ENPH) Rating Increased to B- at TheStreet

TheStreet upgraded shares of Enphase Energy (NASDAQ:ENPH) from a c rating to a b- rating in a research report released on Tuesday, TheStreetRatingsTable reports.

A number of other research analysts have also commented on ENPH. HC Wainwright set a $9.00 price objective on shares of Enphase Energy and gave the company a buy rating in a research report on Tuesday, January 29th. ValuEngine raised shares of Enphase Energy from a hold rating to a buy rating in a research report on Monday, February 4th. BidaskClub cut shares of Enphase Energy from a strong-buy rating to a buy rating in a research note on Wednesday, February 20th. Cowen upped their target price on shares of Enphase Energy from $6.75 to $8.50 and gave the company an in-line rating in a research note on Thursday, February 21st. Finally, Zacks Investment Research raised shares of Enphase Energy from a hold rating to a buy rating and set a $10.00 target price on the stock in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of Buy and an average price target of $11.36.

Shares of ENPH opened at $14.68 on Tuesday. The stock has a market cap of $1.64 billion, a PE ratio of -122.33 and a beta of 1.45. The company has a debt-to-equity ratio of 4.63, a current ratio of 1.52 and a quick ratio of 1.42. Enphase Energy has a 52 week low of $3.70 and a 52 week high of $15.25.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. The company had revenue of $100.15 million for the quarter, compared to analyst estimates of $92.26 million. The firm’s quarterly revenue was up 43.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) EPS. Equities analysts predict that Enphase Energy will post 0.36 EPS for the current year.

In other Enphase Energy news, VP David A. Ranhoff sold 60,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $9.14, for a total transaction of $548,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David A. Ranhoff sold 63,516 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $14.62, for a total transaction of $928,603.92. Following the sale, the vice president now directly owns 790,517 shares in the company, valued at $11,557,358.54. The disclosure for this sale can be found here. In the last three months, insiders sold 226,561 shares of company stock worth $2,407,313. 12.46% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Teachers Advisors LLC boosted its position in shares of Enphase Energy by 7.8% during the 3rd quarter. Teachers Advisors LLC now owns 179,153 shares of the semiconductor company’s stock worth $869,000 after acquiring an additional 13,030 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Enphase Energy by 13.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,128,064 shares of the semiconductor company’s stock worth $20,021,000 after acquiring an additional 479,564 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Enphase Energy by 13.1% during the 3rd quarter. Vanguard Group Inc now owns 4,128,064 shares of the semiconductor company’s stock worth $20,021,000 after acquiring an additional 479,564 shares in the last quarter. Northpointe Capital LLC acquired a new position in shares of Enphase Energy during the 4th quarter worth about $670,000. Finally, Fisher Asset Management LLC acquired a new position in shares of Enphase Energy during the 4th quarter worth about $102,000. 42.68% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that 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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