Shares of Enphase Energy, Inc. (NASDAQ:ENPH – Get Free Report) have been given an average rating of “Hold” by the thirty analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and seventeen have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $126.42.
A number of analysts have recently weighed in on the stock. Susquehanna upped their target price on shares of Enphase Energy from $140.00 to $147.00 and gave the stock a “positive” rating in a research report on Monday, July 15th. Roth Mkm reaffirmed a “buy” rating and set a $140.00 target price on shares of Enphase Energy in a research note on Wednesday, July 24th. Bank of America dropped their price target on Enphase Energy from $71.00 to $70.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 17th. Royal Bank of Canada lowered their price objective on Enphase Energy from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, Piper Sandler lifted their price objective on Enphase Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd.
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Enphase Energy Price Performance
ENPH stock opened at $104.17 on Friday. The firm has a 50-day moving average of $112.84 and a 200 day moving average of $113.93. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.23 and a quick ratio of 3.90. The company has a market cap of $14.17 billion, a P/E ratio of 54.26, a PEG ratio of 6.19 and a beta of 1.72. Enphase Energy has a 1 year low of $73.49 and a 1 year high of $141.63.
Enphase Energy (NASDAQ:ENPH – Get Free Report) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The firm had revenue of $303.80 million during the quarter, compared to analysts’ expectations of $309.73 million. Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The company’s revenue for the quarter was down 57.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 EPS. On average, sell-side analysts forecast that Enphase Energy will post 1.19 EPS for the current year.
About Enphase Energy
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.
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