TD Cowen Lowers Enphase Energy (NASDAQ:ENPH) Price Target to $100.00

Enphase Energy (NASDAQ:ENPH) had its price target dropped by research analysts at TD Cowen from $120.00 to $100.00 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s target price points to a potential upside of 60.67% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company decreased their price objective on shares of Enphase Energy from $101.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. StockNews.com raised Enphase Energy from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Susquehanna decreased their target price on shares of Enphase Energy from $104.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Hsbc Global Res lowered shares of Enphase Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, BNP Paribas downgraded shares of Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 target price for the company. in a report on Friday, November 8th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Enphase Energy has an average rating of “Hold” and an average price target of $93.43.

Enphase Energy Price Performance

ENPH opened at $62.24 on Monday. The firm has a market cap of $8.41 billion, a PE ratio of 141.45, a P/E/G ratio of 7.79 and a beta of 1.68. The stock has a 50-day moving average price of $69.43 and a 200-day moving average price of $90.79. Enphase Energy has a 1 year low of $58.33 and a 1 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.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ENPH. Envestnet Asset Management Inc. grew its holdings in Enphase Energy by 54.9% in the second quarter. Envestnet Asset Management Inc. now owns 44,510 shares of the semiconductor company’s stock valued at $4,438,000 after purchasing an additional 15,776 shares during the period. Dimensional Fund Advisors LP grew its stake in Enphase Energy by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 491,113 shares of the semiconductor company’s stock valued at $48,990,000 after acquiring an additional 6,804 shares during the period. Public Sector Pension Investment Board increased its holdings in Enphase Energy by 68.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 5,221 shares of the semiconductor company’s stock worth $521,000 after acquiring an additional 2,129 shares in the last quarter. MBB Public Markets I LLC acquired a new position in Enphase Energy during the second quarter worth $983,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Enphase Energy by 5.9% during the second quarter. The Manufacturers Life Insurance Company now owns 107,512 shares of the semiconductor company’s stock valued at $10,725,000 after purchasing an additional 6,003 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

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.