Enphase Energy (NASDAQ:ENPH) Research Coverage Started at Redburn Atlantic

Redburn Atlantic assumed coverage on shares of Enphase Energy (NASDAQ:ENPH) in a report released on Monday, MarketBeat Ratings reports. The brokerage issued a neutral rating on the semiconductor company’s stock.

Other equities analysts have also issued reports about the company. BNP Paribas lowered Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price target on the stock. in a research note on Friday, November 8th. OTR Global upgraded Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Royal Bank of Canada lowered their price target on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating on the stock in a research note on Friday, November 22nd. Wells Fargo & Company lowered their price target on Enphase Energy from $83.00 to $77.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, TD Cowen lowered their price target on Enphase Energy from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $90.42.

Enphase Energy Price Performance

NASDAQ ENPH opened at $58.65 on Monday. Enphase Energy has a twelve month low of $51.63 and a twelve month high of $141.63. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The stock has a market capitalization of $7.77 billion, a PE ratio of 79.26 and a beta of 1.68. The stock has a 50-day simple moving average of $65.24 and a 200 day simple moving average of $82.44.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Research analysts anticipate that Enphase Energy will post 2.08 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ENPH. Avior Wealth Management LLC lifted its holdings in Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after buying an additional 279 shares in the last quarter. Stone House Investment Management LLC acquired a new position in Enphase Energy during the 3rd quarter worth $34,000. Quarry LP acquired a new position in Enphase Energy during the 3rd quarter worth $37,000. Venturi Wealth Management LLC lifted its holdings in Enphase Energy by 318.1% during the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after buying an additional 509 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Enphase Energy in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Company Profile

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.