Enphase Energy (ENPH) – Investment Analysts’ Recent Ratings Updates

Enphase Energy (NASDAQ: ENPH) has recently received a number of price target changes and ratings updates:

  • 3/9/2018 – Enphase Energy was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 3/6/2018 – Enphase Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Enphase Energy, Inc. delivers microinverter technology for the solar industry, which increases productivity and reliability of solar modules. The Company builds a semiconductor-based microinverter system that converts direct current electricity to alternating current electricity at the individual solar module level. Enphase sells its microinverter systems primarily to distributors who resell them to solar installers. It also sells directly to installers, as well as through original equipment manufacturers. Enphase Energy, Inc. is headquartered in Petaluma, California. “
  • 3/1/2018 – Enphase Energy was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/28/2018 – Enphase Energy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $3.00 price target on the stock. According to Zacks, “Enphase Energy, Inc. delivers microinverter technology for the solar industry, which increases productivity and reliability of solar modules. The Company builds a semiconductor-based microinverter system that converts direct current electricity to alternating current electricity at the individual solar module level. Enphase sells its microinverter systems primarily to distributors who resell them to solar installers. It also sells directly to installers, as well as through original equipment manufacturers. Enphase Energy, Inc. is headquartered in Petaluma, California. “
  • 2/28/2018 – Enphase Energy was upgraded by analysts at Roth Capital from a “neutral” rating to a “buy” rating. They now have a $5.00 price target on the stock, up previously from $2.40.
  • 2/23/2018 – Enphase Energy had its “neutral” rating reaffirmed by analysts at Roth Capital. They now have a $2.00 price target on the stock.
  • 2/5/2018 – Enphase Energy had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 1/23/2018 – Enphase Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Enphase Energy, Inc. delivers microinverter technology for the solar industry, which increases productivity and reliability of solar modules. The Company builds a semiconductor-based microinverter system that converts direct current electricity to alternating current electricity at the individual solar module level. Enphase sells its microinverter systems primarily to distributors who resell them to solar installers. It also sells directly to installers, as well as through original equipment manufacturers. Enphase Energy, Inc. is headquartered in Petaluma, California. “

ENPH stock opened at $4.76 on Wednesday. Enphase Energy Inc has a twelve month low of $0.65 and a twelve month high of $4.97. The company has a debt-to-equity ratio of -4.75, a current ratio of 1.59 and a quick ratio of 1.30. The stock has a market cap of $405.53, a price-to-earnings ratio of -8.65 and a beta of 0.78.

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Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 27th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. Enphase Energy had a negative net margin of 15.79% and a negative return on equity of 1,232.10%. The business had revenue of $79.67 million during the quarter, compared to analysts’ expectations of $75.91 million. sell-side analysts expect that Enphase Energy Inc will post -0.02 earnings per share for the current year.

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was purchased at an average price of $3.32 per share, for a total transaction of $132,800.00. Following the purchase, the chief executive officer now directly owns 80,677 shares in the company, valued at $267,847.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Humberto Garcia sold 16,375 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $2.75, for a total transaction of $45,031.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,537 shares of company stock valued at $351,934. Company insiders own 15.92% of the company’s stock.

Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.

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