Enphase Energy, Inc. (NASDAQ:ENPH) Short Interest Update

Enphase Energy, Inc. (NASDAQ:ENPH) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 20,790,000 shares, a growth of 31.3% from the October 31st total of 15,840,000 shares. Based on an average trading volume of 4,330,000 shares, the short-interest ratio is presently 4.8 days. Approximately 16.0% of the company’s stock are short sold.

Enphase Energy Stock Down 1.4 %

Shares of ENPH stock opened at $71.35 on Monday. Enphase Energy has a one year low of $58.33 and a one year high of $141.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. The stock has a fifty day moving average price of $86.46 and a 200 day moving average price of $104.68. The stock has a market cap of $9.64 billion, a P/E ratio of 162.16, a price-to-earnings-growth ratio of 21.09 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The business had revenue of $380.90 million for the quarter, compared to the consensus estimate of $392.51 million. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. Enphase Energy’s revenue was down 30.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 earnings per share. Analysts predict that Enphase Energy will post 0.94 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Canaccord Genuity Group lowered shares of Enphase Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Northland Securities lowered their target price on shares of Enphase Energy from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th. JPMorgan Chase & Co. reduced their price target on Enphase Energy from $130.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley decreased their price target on Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating for the company in a research note on Friday, November 15th. Finally, BMO Capital Markets cut their price objective on Enphase Energy from $114.00 to $104.00 and set a “market perform” rating on the stock in a research note on Monday, October 14th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Enphase Energy currently has an average rating of “Hold” and an average price target of $101.13.

Institutional Investors Weigh In On Enphase Energy

A number of institutional investors have recently added to or reduced their stakes in ENPH. Baillie Gifford & Co. raised its holdings in shares of Enphase Energy by 57.9% in the 2nd quarter. Baillie Gifford & Co. now owns 6,285,059 shares of the semiconductor company’s stock worth $626,683,000 after buying an additional 2,304,408 shares in the last quarter. Electron Capital Partners LLC raised its stake in Enphase Energy by 1,021.4% during the second quarter. Electron Capital Partners LLC now owns 1,183,713 shares of the semiconductor company’s stock worth $118,028,000 after acquiring an additional 1,078,154 shares in the last quarter. Anomaly Capital Management LP acquired a new position in Enphase Energy during the second quarter worth $51,582,000. Mizuho Securities USA LLC lifted its holdings in shares of Enphase Energy by 4,177.9% during the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after acquiring an additional 438,424 shares during the period. Finally, Aspex Management HK Ltd acquired a new stake in shares of Enphase Energy in the 3rd quarter valued at $48,442,000. 72.12% of the stock is owned by institutional investors and hedge funds.

About Enphase Energy

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.