Enphase Energy (NASDAQ:ENPH) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Enphase Energy (NASDAQ:ENPH) from a hold rating to a buy rating in a research report released on Wednesday, MarketBeat.com reports. Canaccord Genuity Group currently has $82.00 price target on the semiconductor company’s stock, up from their prior price target of $76.00.

ENPH has been the subject of a number of other reports. OTR Global raised Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Royal Bank of Canada dropped their price objective on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating for the company in a research note on Friday, November 22nd. HSBC cut Enphase Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from $154.00 to $81.00 in a report on Friday, November 8th. Guggenheim upgraded Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price objective on the stock in a report on Friday, January 31st. Finally, Evercore ISI reduced their target price on Enphase Energy from $133.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $90.42.

Enphase Energy Stock Down 4.5 %

Enphase Energy stock opened at $63.53 on Wednesday. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 144.39, a PEG ratio of 8.22 and a beta of 1.68. The stock has a 50 day moving average of $68.61 and a two-hundred day moving average of $88.50. Enphase Energy has a twelve month low of $58.33 and a twelve month high of $141.63. The company has a current ratio of 4.16, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. As a group, research analysts expect that Enphase Energy will post 0.92 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ENPH. Avior Wealth Management LLC raised its stake in shares of 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 in the last quarter. UMB Bank n.a. grew its position in Enphase Energy by 784.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 259 shares during the period. nVerses Capital LLC bought a new stake in Enphase Energy in the third quarter valued at $34,000. Stone House Investment Management LLC bought a new stake in Enphase Energy in the third quarter valued at $34,000. Finally, Quarry LP bought a new stake in Enphase Energy in the third quarter valued at $37,000. 72.12% of the stock is currently 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.