Enphase Energy (NASDAQ:ENPH) Upgraded by OTR Global to “Mixed” Rating

OTR Global upgraded shares of Enphase Energy (NASDAQ:ENPH) from a negative rating to a mixed rating in a report issued on Friday,Benzinga reports.

Several other analysts also recently commented on the stock. Jefferies Financial Group cut shares of Enphase Energy from a “hold” rating to an “underperform” rating and lowered their target price for the company from $93.00 to $61.00 in a research note on Thursday, November 7th. Raymond James reduced their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. BNP Paribas downgraded shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 target price on the stock. in a research note on Friday, November 8th. Barclays decreased their price target on Enphase Energy from $129.00 to $114.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Finally, Guggenheim downgraded shares of Enphase Energy from a “neutral” rating to a “sell” rating and set a $73.00 target price on the stock. in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Enphase Energy currently has a consensus rating of “Hold” and an average target price of $100.33.

Enphase Energy Trading Up 8.6 %

Shares of NASDAQ ENPH opened at $71.45 on Friday. Enphase Energy has a 52-week low of $58.33 and a 52-week high of $141.63. The company has a market cap of $9.65 billion, a PE ratio of 162.39, a P/E/G ratio of 22.03 and a beta of 1.69. The firm’s 50 day moving average price is $76.04 and its 200-day moving average price is $100.07. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16.

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

Institutional Trading of Enphase Energy

Hedge funds have recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its stake in Enphase Energy by 6,975.0% in the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 279 shares during the last quarter. UMB Bank n.a. grew its stake in Enphase Energy by 784.8% during the 3rd quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock worth $33,000 after buying an additional 259 shares during the last quarter. nVerses Capital LLC acquired a new position in Enphase Energy during the third quarter worth approximately $34,000. Stone House Investment Management LLC acquired a new stake in shares of Enphase Energy in the third quarter valued at approximately $34,000. Finally, Quarry LP purchased a new position in shares of Enphase Energy during the third quarter worth approximately $37,000. 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.