Enphase Energy, Inc. (NASDAQ:ENPH) Receives $239.68 Average PT from Analysts

Shares of Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) have received an average rating of “Buy” from the thirty-one analysts that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $239.68.

Several research firms recently commented on ENPH. StockNews.com assumed coverage on Enphase Energy in a report on Thursday, March 31st. They issued a “hold” rating for the company. Stephens assumed coverage on Enphase Energy in a research note on Wednesday, April 13th. They set an “overweight” rating and a $280.00 price target for the company. Truist Financial cut their price target on Enphase Energy from $290.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, January 24th. B. Riley boosted their price target on Enphase Energy from $155.00 to $171.00 in a research note on Wednesday, April 27th. Finally, KeyCorp boosted their price target on Enphase Energy from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, April 7th.

NASDAQ ENPH opened at $157.79 on Friday. Enphase Energy has a one year low of $113.40 and a one year high of $282.46. The stock has a 50-day moving average of $179.86 and a 200 day moving average of $183.82. The company has a market capitalization of $21.31 billion, a price-to-earnings ratio of 134.86 and a beta of 1.41. The company has a debt-to-equity ratio of 3.62, a quick ratio of 3.22 and a current ratio of 3.44.

Enphase Energy (NASDAQ:ENPHGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The semiconductor company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.39 by $0.40. Enphase Energy had a return on equity of 45.30% and a net margin of 10.88%. During the same period in the prior year, the business 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 37,500 shares of the company’s stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $200.01, for a total transaction of $7,500,375.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mandy Yang sold 12,117 shares of the company’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $162.81, for a total value of $1,972,768.77. The disclosure for this sale can be found here. Over the last three months, insiders sold 223,968 shares of company stock worth $38,613,470. 4.80% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. American National Bank raised its holdings in shares of Enphase Energy by 80.5% during the 4th quarter. American National Bank now owns 148 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 66 shares in the last quarter. Retirement Planning Co of New England Inc. purchased a new stake in shares of Enphase Energy during the 4th quarter worth approximately $27,000. AlphaCentric Advisors LLC bought a new position in shares of Enphase Energy during the 4th quarter valued at approximately $27,000. Horan Securities Inc. bought a new position in shares of Enphase Energy during the 4th quarter valued at approximately $29,000. Finally, Global Wealth Management Investment Advisory Inc. increased its position in shares of Enphase Energy by 780.0% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 176 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 156 shares during the last quarter. 68.30% of the stock is currently owned by institutional investors and hedge funds.

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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