Enphase Energy, Inc. (NASDAQ:ENPH) Receives $111.26 Average PT from Analysts

Enphase Energy, Inc. (NASDAQ:ENPH) has earned an average recommendation of “Hold” from the thirty-two ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and sixteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $111.26.

Several equities research analysts have recently issued reports on ENPH shares. Susquehanna reduced their target price on Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $115.00 target price (up from $111.00) on shares of Enphase Energy in a report on Wednesday, September 4th. TD Cowen dropped their price target on Enphase Energy from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Bank of America lifted their price target on Enphase Energy from $82.00 to $84.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group dropped their price target on Enphase Energy from $170.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd.

Enphase Energy Price Performance

NASDAQ:ENPH opened at $87.46 on Thursday. Enphase Energy has a 52 week low of $73.49 and a 52 week high of $141.63. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The business’s 50-day simple moving average is $104.89 and its two-hundred day simple moving average is $110.56. The stock has a market cap of $11.82 billion, a PE ratio of 198.77, a P/E/G ratio of 9.32 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.12). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. The firm had revenue of $380.90 million during the quarter, compared to the consensus estimate of $392.51 million. During the same period last year, the firm posted $0.84 earnings per share. The company’s revenue for the quarter was down 30.9% compared to the same quarter last year. As a group, analysts forecast that Enphase Energy will post 0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Enphase Energy

A number of large investors have recently bought and sold shares of the business. Benjamin Edwards Inc. raised its stake in Enphase Energy by 2.8% in the second quarter. Benjamin Edwards Inc. now owns 3,361 shares of the semiconductor company’s stock worth $335,000 after buying an additional 93 shares in the last quarter. Hollencrest Capital Management raised its stake in Enphase Energy by 3.3% in the first quarter. Hollencrest Capital Management now owns 3,095 shares of the semiconductor company’s stock worth $374,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Enphase Energy by 0.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,681 shares of the semiconductor company’s stock worth $1,165,000 after buying an additional 100 shares in the last quarter. Green Alpha Advisors LLC raised its stake in Enphase Energy by 1.4% in the third quarter. Green Alpha Advisors LLC now owns 7,148 shares of the semiconductor company’s stock worth $808,000 after buying an additional 102 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in Enphase Energy by 1.9% in the second quarter. Crossmark Global Holdings Inc. now owns 5,591 shares of the semiconductor company’s stock worth $557,000 after buying an additional 106 shares in the last quarter. Institutional investors 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.