News headlines about Enphase Energy (NASDAQ:ENPH) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Enphase Energy earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 46.7255464928703 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Stock Analysts: Should You Listen?: Enphase Energy, Inc. (ENPH) (nasdaqplace.com)
- Current Swinging Stocks: Enphase Energy, Inc. (NASDAQ:ENPH), Gastar Exploration Inc. (NYSE:GST) (thestreetpoint.com)
- Why Enphase Energy's Shares Popped 14% Today (finance.yahoo.com)
- Enphase Energy +7% as H.C. Wainwright starts with Buy rating (seekingalpha.com)
- Enphase Energy (ENPH) Earns Buy Rating from Analysts at HC Wainwright (americanbankingnews.com)
ENPH has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a report on Friday, January 19th. Oppenheimer restated a “buy” rating on shares of Enphase Energy in a report on Monday, February 5th. Roth Capital restated a “neutral” rating and issued a $2.00 target price on shares of Enphase Energy in a report on Friday, February 23rd. BidaskClub upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, B. Riley initiated coverage on shares of Enphase Energy in a report on Monday, March 26th. They issued a “buy” rating and a $6.00 target price on the stock. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $5.25.
Shares of ENPH stock opened at $5.53 on Friday. Enphase Energy has a 52 week low of $5.33 and a 52 week high of $6.03. The firm has a market capitalization of $513.30 million, a P/E ratio of -10.24 and a beta of 0.37. The company has a quick ratio of 1.25, a current ratio of 1.43 and a debt-to-equity ratio of -1.17.
Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, May 1st. The semiconductor company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $70.00 million during the quarter, compared to analysts’ expectations of $67.06 million. During the same period in the previous year, the business earned ($0.18) EPS. The business’s revenue was up 27.9% compared to the same quarter last year. sell-side analysts anticipate that Enphase Energy will post -0.02 EPS for the current fiscal year.
In related news, Director John Howard Weber sold 77,551 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $3.88, for a total value of $300,897.88. Following the completion of the sale, the director now owns 27,763 shares of the company’s stock, valued at $107,720.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Badrinarayanan Kothandaraman purchased 40,000 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was acquired at an average cost of $3.32 per share, with a total value of $132,800.00. Following the purchase, the chief executive officer now directly owns 80,677 shares of the company’s stock, valued at $267,847.64. The disclosure for this purchase can be found here. Company insiders own 13.52% of the company’s stock.
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 electricity to alternating current (AC) electricity at the individual solar module level.
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