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

Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) has earned an average recommendation of “Moderate Buy” from the twenty-six brokerages that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $311.14.

A number of research analysts recently issued reports on the company. Truist Financial lifted their target price on Enphase Energy from $265.00 to $290.00 and gave the company a “buy” rating in a report on Tuesday, October 18th. Susquehanna lowered Enphase Energy from a “positive” rating to a “neutral” rating and lifted their target price for the company from $310.00 to $365.00 in a report on Thursday, December 15th. StockNews.com initiated coverage on Enphase Energy in a report on Wednesday, October 12th. They set a “hold” rating for the company. Barclays lifted their price target on Enphase Energy from $292.00 to $311.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 26th. Finally, Cowen lifted their price target on Enphase Energy from $278.00 to $335.00 in a report on Wednesday, October 26th.

Enphase Energy Trading Down 10.9 %

Shares of NASDAQ ENPH opened at $222.97 on Friday. Enphase Energy has a twelve month low of $113.40 and a twelve month high of $339.92. The company has a current ratio of 3.60, a quick ratio of 3.34 and a debt-to-equity ratio of 1.96. The stock has a fifty day simple moving average of $289.34 and a 200-day simple moving average of $276.94. The stock has a market capitalization of $30.31 billion, a PE ratio of 107.20, a PEG ratio of 1.29 and a beta of 1.38.

Enphase Energy (NASDAQ:ENPHGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The semiconductor company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.11. The business had revenue of $634.71 million during the quarter, compared to analysts’ expectations of $616.50 million. Enphase Energy had a return on equity of 76.66% and a net margin of 14.67%. On average, equities analysts forecast that Enphase Energy will post 3.18 earnings per share for the current year.

Insider Activity at Enphase Energy

In related news, Director Richard Mora sold 13,000 shares of the business’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $308.81, for a total value of $4,014,530.00. Following the transaction, the director now owns 1,600 shares in the company, valued at approximately $494,096. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Enphase Energy news, CFO Mandy Yang sold 9,454 shares of the business’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $297.54, for a total transaction of $2,812,943.16. Following the transaction, the chief financial officer now owns 88,399 shares in the company, valued at approximately $26,302,238.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Mora sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $308.81, for a total value of $4,014,530.00. Following the transaction, the director now owns 1,600 shares in the company, valued at approximately $494,096. The disclosure for this sale can be found here. Insiders have sold 201,128 shares of company stock worth $63,385,815 in the last quarter. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Enphase Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thompson Siegel & Walmsley LLC acquired a new position in Enphase Energy during the 3rd quarter worth approximately $28,000. Align Wealth Management LLC purchased a new stake in shares of Enphase Energy during the 4th quarter worth approximately $28,000. Hanseatic Management Services Inc. purchased a new stake in shares of Enphase Energy during the 3rd quarter worth approximately $34,000. Godsey & Gibb Inc. purchased a new stake in shares of Enphase Energy during the 4th quarter worth approximately $35,000. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of Enphase Energy during the 2nd quarter worth approximately $26,000. Institutional investors and hedge funds own 73.79% of the company’s stock.

About Enphase Energy

(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.

Further Reading

Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

Receive News & Ratings for Enphase Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy and related companies with MarketBeat.com's FREE daily email newsletter.