Enphase Energy (NASDAQ:ENPH) Coverage Initiated at Redburn Atlantic

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

Several other brokerages also recently commented on ENPH. Barclays dropped their price objective on Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Susquehanna dropped their price objective on Enphase Energy from $79.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Glj Research reaffirmed a “sell” rating and set a $50.69 price objective on shares of Enphase Energy in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price objective 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, Jefferies Financial Group downgraded Enphase Energy from a “hold” rating to an “underperform” rating and dropped their price objective for the stock from $93.00 to $61.00 in a research note on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $90.42.

Enphase Energy Stock Performance

ENPH stock opened at $58.65 on Monday. The business’s fifty day moving average is $65.24 and its 200-day moving average is $82.44. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The company has a market cap of $7.77 billion, a P/E ratio of 79.26 and a beta of 1.68. Enphase Energy has a twelve month low of $51.63 and a twelve month high of $141.63.

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

Institutional Investors Weigh In On Enphase Energy

Several hedge funds have recently bought and sold shares of the company. Avior Wealth Management LLC lifted its position in Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 279 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in Enphase Energy during the third quarter worth approximately $34,000. Quarry LP acquired a new stake in Enphase Energy during the third quarter worth approximately $37,000. Venturi Wealth Management LLC lifted its position in Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 509 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in Enphase Energy during the fourth quarter worth approximately $47,000. 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.